The battle between Ripple and Swift has been ongoing for quite some time now. The two opponents target the same market, cross-border remittances, and are thus naturally opposed. At a recent conference, the CEOs of the two firms had the chance to make their case, and Brad Garlinghouse came out swinging. The Ripple CEO referred to Swift as a messaging platform which better systems are gradually replacing. He expressed his belief that the future belongs to decentralized systems.
Ripple’s XRP made major gains, with many analysts attributing it to the Paris Fintech Forum event. During the event, there was a hint that despite their heated animosity, the two firms might work together in the future. The price gained 15 percent to reverse what has been a downward trend since January 10.