There is a rather perennial debate regarding the real-world utility of the Ripple-linked XRP token, and it has just been reignited by a prominent community of a rival altcoin.
Zach Rynes, who is known as the Chainlink community lead, publicly declared that there is “no tangible adoption or meaningful role for XRP in the financial system”.
Rynes’ comments followed a high-profile intervention by a former executive, which dismantled a viral narrative within the retail trading community about SWIFT adopting XRP.
XRP Has ‘No Tangible Adoption,’ Chainlink Community Lead Says
‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors
The SWIFT integration rumor
As reported by U.Today, former SWIFT Chief Innovation Officer Tom Zschach shot down persistent social media speculation that the global financial messaging network is planning to integrate or support XRP.
Influencer accounts on X (formerly Twitter) had claimed without evidence that SWIFT explicitly stated it would “collaborate and support” public tokens rather than competing with them.
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Zschach quickly rejected the rumor. Notably, he has historically maintained an anti-XRP stance, famously comparing Ripple’s technology to a “fax machine” in the modern era of the internet and downplaying the importance of Ripple’s victory against the SEC.
No adoption?
Rynes stated that the former SWIFT executive’s comment “corrects misinfo slop from lying influencers by stating the obvious fact that SWIFT is not adopting XRP”. He added that the intervention “evaporates the long-standing conspiracy delusion about SWIFT adopting XRP, and the XRP community immediately experiences cognitive dissonance”.
He has added that XRP has no “tangible adoption” within the financial industry. “I wonder what it will require for retail to understand that there is no tangible adoption or meaningful role for XRP in the financial system, let alone via SWIFT, as clearly facts and data are not getting through to them,” he stated.
This is not the first time the Chainlink community lead has targeted Ripple’s corporate strategy. Earlier this week, Rynes slammed Ripple’s landmark five-year sports sponsorship with the University of Kansas, which will place the XRP logo on the uniforms of the Kansas Jayhawks’ football and basketball teams. As reported by U.Today, he dismissed it as an illogical gimmick.