In the past few days, the XRP community on X (previously Twitter) has been abuzz with rumors of a possible collaboration between Ripple and SWIFT, the international interbank messaging network. On X, there have been numerous posts circulating citing that the official collaboration between the two could be announced once Ripple’s legal battle with the U.S. SEC concludes.
The posts also claim that this strategic alliance would revolutionize cross-border payments and position XRP at the heart of global finance. In addition, netizens expect XRP price to skyrocket unprecedentedly if such a collaboration materializes.
However, no announcements have been publicly made by either Ripple or SWIFT. To date, these reports seem to be based on nothing other than social media rumors, with no backing from any concrete statements or evidence. The alliance is still a mere rumor at this point. Also, Ripple CEO Brad Garlinghouse has firmly rejected such claims in the past as looks forward to overtake SWIFT instead of a partnership.
Meanwhile, the long-running Ripple vs. SEC lawsuit may be nearing its conclusion. Judge Analisa Torres is expected to issue a decision soon. Recently, Ripple and the SEC have filed a joint request to lift the current injunction and reduce the penalty to $50 million. The SEC recently filed a status report requesting to pause the appeal process for an additional 60 days.
The next formal update is expected on August 15, when the SEC will submit another status report to the appeals court. Nonetheless, legal experts like Bill Morgan note that Judge Analisa Torres may issue a ruling on the joint motion at any time before then. If approved, it could officially bring the multi-year lawsuit to an end.
Also Read: Not $50B, But Elon Musk to Invest $104B in Ripple’s XRP: Fact Check
