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XRP Community Reacts After SWIFT Official Comments on Ripple's $200 Million Purchase
Ripple's acquisition of Rail, a company known for its expertise in stablecoins, for 200 million dollars, has drawn significant attention from the XRP community. According to cryptocurrency researcher SMQKE, a screenshot shared online shows SWIFT's Chief Innovation Officer, Tom Zschach, commenting on this deal during a discussion on LinkedIn. The discussion began when Franz Steinbeib wrote about this acquisition with the title "The End of the B2B Payment Race? Checkmate Ripple 200 million dollars". In the shared screenshot, Zschach wrote "Another 'checkmate' moment" before adding that the race "is not over yet" but the track "has just become a little more crowded". He is said to have called this a good move, pointing out that the arbiters are still considering.
SMQKE's social media post emphasized the importance of this comment, considering SWIFT's central position in the global payment network. This quoted remark quickly became a hot topic of discussion among XRP supporters and industry insiders. Different Explanations for Zschach's Reported Statement User X Nietzbux argues that the quotation marks around the term "checkmate" imply sarcasm, suggesting that Zschach is referring to a familiar motif when commentators exaggerate the decisive nature of certain developments. In this interpretation, "another 'checkmate'" would be a witty mockery of the repeated claims that the competition is over. Conversely, Shawn Dejong views this statement as an acknowledgment that Ripple is taking a series of strategic steps. He also links this remark to previous events and suggests that the acquisition of Rail could enhance Ripple's capabilities in cross-border transactions and ISO 20022 integration. For the XRP community, this cited comment further reinforces the belief that Ripple's actions are being monitored by the market giants. Whether sarcastic or serious, this comment intensifies the ongoing competition between Ripple and SWIFT in the high-value payment sector.