Ethereum is known in the crypto world as a #2 cryptocurrency that have always been preceded only by the Almighty Bitcoin. However, this has not been the case in the recent couple of months due to a steady decline of Ethereum’s exchange rate.
Earlier, Ethereum was outrun by the coin created at the Ripple Labs – XRP, but was able to regain its position. We remind you:
It happened again. An XRP enthusiast published a tweet about the new victory of Ripple.
— SamIam (@Ripple_Me_This) November 6, 2018
The price of the XRP coin has also skyrocketed which can be seen from its CoinMarketCap graph.
What could possibly boost the coin so much?
According to the materials published by Finance Magnates, the most probable reason for such a jump was a popular rumor about the cooperation of the two major crypto payment platforms – Swift and Ripple.
This rumor appeared a while ago, and was actively endorsed by the fans of Ripple on Twitter.
1. Has swift partnered with Ripple? Marcus treacher who is on swifts board leaves hsbc to work with ripple. Also swift have recently stated xborder payments can settle within seconds which is worlds apart from the 30+ mins stated on the last pic, THREAD $xrp $xrpcommunity $btc pic.twitter.com/edKGO6oxGA
— Sparrow (@SparrowHodl) October 7, 2018
However, the official representative of Swift refuted this rumor and claimed that the upcoming upgrade of the platform has nothing to do with Ripple.
Moreover, no decent evidence, except for the rumors and insinuations, has been found regarding the possible cooperation.
Meanwhile, this whole situation positively influenced the positions of Ripple in the global rating, so it doesn’t even matter now if they will cooperate with Swift or not.
We remind you:
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