Global payment company SWIFT no plans to integrate technology Ripple in our own system of cross-border transactions, said in an interview with Finance Magnates, the press Secretary of the organization.

According to the company, the update of the Protocol standard SWIFT does not imply that the system will be integrated with RippleNet or platform xRapid. The main task of the upgrade — the appearance of a tracking link that will help participating banks SWIFT Global Payments Innovation (GPI) to track payments in real time, he said.

SWIFT GPI — released in April of this year, the standard of international payments. With it, corporate customers can make more transparent and accelerated cross-border payments.

If the rumor about the possible optimization of the SWIFT-enabled Ripple was confirmed, technology developer XRP has acquired global distribution among 4 thousand financial institutions. However, according to the source, there are no substantial grounds to believe that the information on the likely cooperation between the companies will be true.

This news might have contributed to the unexpected growth rate Ripple — over the past week the price of the coins increased by 22.7%, to $0,53.

Динамика курса XRP с 31 октября по 7 ноября по версии Coinmarketcap
Dynamics of the rate of XRP from October 31 to November 7, by version Coinmarketcap / Source: coinmarketcap.com

Interestingly, in some point, XRP even managed to beat Ethereum in the list of cryptocurrencies by market capitalization, however, to keep the advantage for long digital coin failed.