XRP Price Stable at $1.09 Amid Debate Over Cross-Border Payment Role

XRP's price remains relatively stable around $1.09 despite ongoing debate about its potential use in cross-border payments.

The controversy centers on a 2019 collaboration between SWIFT and R3, which connected SWIFT's Global Payments Innovation service to the Corda blockchain using XRP as its first supported cryptocurrency.

A resurfaced video confirms that R3 worked with SWIFT, but it does not confirm whether SWIFT adopted XRP for settlements. This has led to renewed discussion about XRP's role in cross-border payments.

In other news, the XRP Ledger has surpassed eight million activated accounts, showing growing network use and adoption.