Ripple and SWIFT’s battle for dominance is heating up, with an executive at the latter taking a dig at XRP, the bridge currency for the crypto firm’s payment service. The executive also explained why businesses are unlikely to trust Ripple despite the conclusion of the SEC lawsuit.

SWIFT Executive Makes Criticism Against Ripple and XRP

SWIFT Chief Innovation Officer (CIO) Tom Zschach said on LinkedIn that surviving lawsuits isn’t resilience, in response to a post that praised Ripple and XRP for battling through the SEC lawsuit . The executive claimed that neutral and shared governance is what resilience is about and that institutions won’t want to live on a competitor’s rail.

With his comment, Zschach again raised the issue of centralization in the XRP ecosystem. The XRP

See Full Page