SWIFT Don Join Chainlink CCIP, E Dey Pressurize XRP But E Dey Boost LINK
SWIFT don partner wit Chainlink to plug dia Cross-Chain Interoperability Protocol (CCIP) inside 11,500 banks, wey go enable connect to public and private blockchains, smart contracts and tokenized assets. Dem start pilot for September 2022 and expand for August 2023 wit banks like ANZ, BNP Paribas, BNY Mellon and Citi. Dis move reduce di gap wey dey between Ripple XRP cross-border solution and fit affect how XRP price go move. LINK don already respond well, e dey trade pass $20 because some big whale dey buy am. Ripple dey respond too by testing dia system with European Central Bank and Bank of Japan. Meanwhile, Bitcoin Hyper, a Bitcoin Layer-2 protocol wey fit run for Solana Virtual Machine, don raise almost $10 million for presale. Crypto traders suppose dey watch XRP for possible bearish pressure, LINK for continuous bullish momentum, and new Layer-2 projects like Bitcoin Hyper for fresh opportunities.
Bearish
SWIFT adoption of Chainlink CCIP dey directly challenge Ripple’s XRP proposition by offering legacy banks blockchain connectivity without replacing existing corridors. Dis one reduce demand expectation for XRP wen e come to cross-border settlements, e dey cause short-term bearish pressure on XRP price. On the other hand, LINK dey benefit from increased utility and institutional adoption, wey dey support im bullish outlook. Long term, XRP prospects depend on Ripple’s collaboration with central banks, meanwhile LINK fit sustain growth as CCIP usage dey expand. Overall, dis news dey bearish for XRP but e good for Chainlink, with new Layer-2 projects like Bitcoin Hyper wey dey add competitive dynamics.