XRP Community Reacts After SWIFT Official Reportedly Comments on Ripple’s $200M Purchase

• SWIFT official reportedly reacts to Ripple’s $200M Rail acquisition.
• XRP community debates meaning of SWIFT executive’s reported “checkmate” remark.
• Report sparks discussion on Ripple’s growing role in cross-border payments.

Ripple’s $200 million acquisition of Rail, a company recognized for its stablecoin expertise, has drawn intense attention from the XRP community. According to crypto researcher SMQKE, a document shared online reportedly shows SWIFT Chief Innovation Officer Tom Zschach commenting on the deal in a LinkedIn discussion.

The discussion was initiated when Franz Steinbeib wrote about the purchase with the headline “The End of the B2B Payments Race? Checkmate Ripple $200M.” In the shared screenshot, Zschach is seen writing “Another ‘checkmate’ moment” before adding that the race is “nowhere near over” but that the track “just got a little more crowded.” He allegedly termed this a good move as he pointed out that the referees are still deliberating.

SMQKE’s post on social media highlighted the significance of the remark, given SWIFT’s position at the center of the global payments network. The quoted remark soon became a topic of discussion among XRP advocates and those in the industry.

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Differing interpretations of Zschach’s reported statement

X user Nietzbux argued that the quotation marks around “checkmate” signaled sarcasm, suggesting Zschach was referencing a familiar pattern where commentators exaggerate the finality of certain developments. In this interpretation, “another ‘checkmate'” would be a playful jab at repeated claims that competition is over.

In comparison, Shawn Dejong considered the statement a recognition that Ripple is taking a series of strategic steps. He also related the comment to previous events and stated that the Rail acquisition might enhance Ripple in cross-border transactions and ISO 20022 integration.

To the XRP community, the quoted remark further confirms the belief that Ripple’s actions are under scrutiny by the market giants. Whether sarcastic or serious, the remark adds another layer to the ongoing rivalry between Ripple and SWIFT in the high-value payments sector.

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