Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst

Chainlink is increasingly integrating with SWIFT, connecting over 11,000 banks to various blockchains. This collaboration allows for data and transaction flows between multiple blockchain networks. Chainlink's work extends to major financial institutions like DTCC, Mastercard, and central banks. Some observers believe Chainlink's real-world adoption gives it an advantage over XRP's similar ambitions. Chainlink advocates suggest that any blockchain, including XRP Ledger, could potentially participate in these SWIFT integrations. However, some XRP supporters interpret criticism as a sign of impending breakthroughs for their token. Chainlink proponents argue that Chainlink's market cap is undervalued compared to XRP, considering its institutional partnerships. Conversely, some in the Ripple community, like Dom Kwok, claim they have seen Ripple's technology used in real-world scenarios, unlike Chainlink. Kwok suggests that direct interaction with developers reveals which technologies are genuinely scalable. The partnership between SWIFT and Chainlink, which began in 2016, has recently intensified. A recent proof-of-concept at Chainlink SmartCon showcased the use of their Cross-Chain Interoperability Protocol (CCIP). This protocol facilitated the transfer of tokenized assets between chains, as demonstrated in successful tests with BNY Mellon and BNP Paribas.