What Is Happening Between Swift and Ripple and Why Does Ethereum Suffer From It?

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:

Ethereum Managed to Reclaim Its Second Place From XRP

It happened again. An XRP enthusiast published a tweet about the new victory of Ripple.

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.

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:

Ripple Announced the Launch of xRapid Technology

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