If you cant beat them, join them....

Well sort of.

The story goes a bit like this:

For the last year or so, Ripple XRP have been building a blockchain, design to enable transfers between banks.
They have amassed over a 100 banks globally, with more coming on board regularly.
XRP has risen in value as a result.

In fairly strongly worded statements Ripple have taken swings at Swift, the banking cartels current system of fiat 'money' transfer. Ripple basically declaring 'war' and promoting the idea that XRP will replace swift.

Swift have been backwards in coming forward about their plans to counter, until now.

The head has just announced that they will be implementing their own version of blockchain tech.

But here is the interesting part.

Swift announces they plan to integrate R3 technology.
R3 developed the Corda platform and an app called Settler.
and....... Settler uses XRP.

So in effect Swift just announced that they are going to in a round about way use XRP.

Does that imply that XPR just took down Swift, in a semi sort of way?

This is huge if it pans out.
As what it means is Swift the global banking system, used by the cartel just got taken over by XRP, a distributed blockchain.

Watch XRP price go mooning if this is true.

https://www.coindesk.com/swift-chief-announces-integration-with-r3-at-paris-fintech-forum