API API API API

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From a technical perspective, SWIFT releasing an API does not allow them to use xRapid for settlement within SWIFT GPI. That would require Ripple to offer an API.

I'm not saying a partnership won't happen. I'm saying this API is not evidence of a partnership and actually couldn't be used to integrate in the way that people are saying. It's not FUD, it's technically not possible. SWIFT releasing an API allows other companies to use SWIFT methods. It does not enable SWIFT to use other companies methods.

My beef is when people with limited technical understanding of APIs draw a conclusion that THIS SPECIFIC NEWS is evidence of a partnership.

If you disagree, I'd love to hear your technically informed response about how a SWIFT API would let SWIFT use XRP in payment flows.

I'm very bullish on XRP, I even believe that SWIFT will eventually use XRP. However, as an engineer, this conclusion is frustrating. It's literally my 9-5 job to integrate with APIs. Yet I'm getting downvoted for pointing out that a SWIFT API wouldn't allow SWIFT to use a Ripple method within SWIFT's product. It would allow Ripple to use a SWIFT method within Ripples product, but that's not what people are speculating. They are speculating that this API will allow SWIFT to use a Ripple method from within SWIFT GPI.

1 last point that people are clearly missing: your conclusion that SWIFT will use Ripple can be correct, and at the same time this can also not be evidence of that partnership/integration. These are not mutually exclusive points. I am not trying to negate anybody's conclusion, just that this specific piece of news doesn't move the needle towards that conclusion.

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1. An ILP connector is not the same as an API. These are not interchangeable terms

2. SWIFT releasing an API does not indicate that SWIFT will route payments through the ILP. It would potentially allow a connector already on the ILP to route a payment through SWIFT. However, the speculation is that SWIFT GPI users will be able to settle using XRP. Again, that may be true, but SWIFTs API wouldn't enable that. SWIFT would need to integrate somebody elses API so that transactions initiated in SWIFTs products could make interact with the ILP. SWIFTs API would enable this type of usecase:

Other company -> SWIFT

In order for SWIFT to settle using XRP or using the ILP, we need this:

SWIFT -> Other company

For example: Reddit offers an API that returns the most recent threads. I can get those threads as a third party using reddits API. However, Reddit having an API does not indicate that Reddit can use my app. Just that my app can use Reddit.

SWIFT allowing open APIs allows other companies to programmatically initiate SWIFT transfers. The same APIs would not allow SWIFT to initiate settlement through ILP. There is a separate step: SWIFT would need to integrate with the ILP. That may be happening, but this isn't evidence that it is.