Ripple has acquired the company Real, known for its expertise in stablecoins, for $200 million, attracting significant interest from the XRP community. According to SMQKE, a cryptocurrency research company, a screenshot posted online shows Tom Zshash, Chief Innovation Officer at SWIFT, commenting on the deal in a discussion on LinkedIn.
The discussion began when Franz Steinbeib wrote about the deal titled "Has the corporate payments race ended? Ripple defeated for $200 million." In the shared screenshot, Zshash wrote: "Another defining moment," before adding that the race "is not over yet," but the path "has gotten a bit crowded." It was reported that he described it as a good move, noting that the judges are still in deliberation.
SMQKE's social media post highlighted the importance of this comment, given SWIFT's central role in the global payment network. The aforementioned comment quickly became a hot topic of discussion among XRP supporters and industry specialists.
Different interpretations of Zshash's statement
User X Netzbix argues that the quotes around the term "Checkmate" are synonymous with sarcasm, suggesting that Zshash is hinting at a familiar motive that commentators exaggerate in resolving certain developments. In this interpretation, the phrase "another checkmate" represents a sarcastic mockery of the repeated claims of the end of the competition.
For his part, Sean DeJong sees this statement as an acknowledgment that Ripple is taking a series of strategic steps. He also links his comment to previous events, noting that Ripple's acquisition of Real may enhance Ripple's capabilities in cross-border transactions and its integration with ISO 20022 standards.
For the XRP community, this quoted comment reinforces the belief that Ripple's actions are being monitored by market giants. Whether this comment is sarcastic or serious, it exacerbates the ongoing competition between Ripple and SWIFT in the high-value payments space.
Buy and trade from here ....
