SWIFT Recognize Ripple and Stellar as Payment Wahala Makers
SWIFT sabi dem say Ripple and Stellar na payment disruptors for one presentation wey crypto researcher SMQKE share recently. The SWIFT slides talk about disruption innovation and list five requirements wey any challenger fess meet to scatter traditional correspondent banking: global currency reach, good Nostro/Vostro alternatives, regulator backing, cost saving reason, and better service. Network diagram show competition for cross-border payments, mix old providers like Western Union and TransferWise with new ones like PayPal, Bitcoin, Ripple, Stellar and others. Ripple and Stellar stand as faster and more direct settlement options but SWIFT talk say full disruption never come yet. Blockchain analyst Denis Samkov talk say even though SWIFT name Ripple and Stellar as emerging players, old banking ways still dey hard to shift quick quick. Presentation show say correspondent banking dey face more competition but no talk say e don finish. Traders suppose dey watch regulatory updates and adoption levels for XRP and XLM as possible triggers for future market moves.
Neutral
Even though SWIFT don acknowledge Ripple and Stellar, e show say competition dey heat for cross-border payment matter, but the presentation no go the extent to talk say correspondent banking don disrupt. Traditionally, similar endorsements wey the industry give don cause short rally for XRP and XLM but e never sustain long term price breakthrough. For short term, traders fit expect small wahala around regulatory updates and adoption news. For long term, if regulators clear their support and transaction volume for XRP and XLM increase, e fit push market sentiment up, but di way banks dey do things and implementation cost mean say any big market change go happen slowly, no be instantly. Overall, the news get neutral effect on market direction.