XRP and SWIFT Partnership Rumors: Analyzing the Facts

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Rumor Alert: SWIFT and Ripple Might Be BFFs—But Let’s Not Get Too Excited Just Yet!

There’s been some buzz—okay, more like a loud whisper—that SWIFT, the big shot of global interbank networks, is considering integrating Ripple’s XRP Ledger. But before you start planning your victory dance, let’s just say, it’s probably not what you think.

Yes, Ripple has been cozying up to big banks for cross-border payments, but the SWIFT rumors? Well, let’s just say they’re about as solid as my New Year’s resolutions. If it actually happens though, it would be a game changer for blockchain and traditional finance (TradFi) playing nice together. But that’s a *big* if.

Is SWIFT Finally Giving XRP the VIP Pass?

After the SEC hinted that they might drop their lawsuit against Ripple (I know, shocking), Ripple decided to turn up the heat on its goal of getting its blockchain tech into TradFi institutions. They’ve even gone on a shopping spree, recently snatching up global prime brokerage platform Hidden Road for $1.25 billion. Oh, and let’s not forget they launched their very own stablecoin, RLUSD. Ripple’s making moves like it’s playing Monopoly—except with real money.

“In recent weeks, some pretty loud voices have said SWIFT is about to drop a bombshell announcement. Could XRP be joining SWIFT’s massive global payment network used by over 11,000 financial institutions worldwide?” Crypto influencer John Squire was practically foaming at the mouth when he said this.

So SWIFT, one of the world’s biggest banking giants, could totally help XRP by giving it a sweet spot in the global payment network. A tiny slice of SWIFT’s daily volume would send XRP’s revenue—and institutional credibility—through the roof. Pretty neat, right?

And there’s more! XRP fans are getting all dreamy-eyed, claiming this partnership could make SWIFT even better. But, of course, those claims are running into a wall of skepticism from the crypto community. I mean, we all know that “maybe” isn’t exactly “definitely,” right?

John Squire’s big argument is that Ripple’s legal mess with the SEC is finally winding down, and that SWIFT has been eyeing XRP for a while. Well, okay then.

“In 2023, Ripple took part in interoperability pilot programs led by SWIFT. SWIFT also published a report talking about the integration of Distributed Ledger Technology (DLT), and guess what? Ripple was listed! XRP was part of the conversation,” Squire confidently stated.

But, here’s where things get sticky: further research suggests Squire may have mixed up his facts. Yes, XRP might have been mentioned in some reports, but guess who wasn’t involved? SWIFT. Oops. Looks like those little details got lost in the shuffle.

And those fancy interoperability programs? They weren’t even run by SWIFT. They were run by other global banking organizations. Just a tiny hiccup in the rumor mill. But hey, who needs facts when you have hype?

Let’s Break Down the Rumors (and the Hope)

Now, don’t get me wrong. XRP could totally benefit from this kind of partnership, but let’s not pretend like SWIFT’s sitting around desperate for a blockchain buddy. Through the magic of wishful thinking, a lot of tiny, unrelated events get dressed up as proof of a future relationship.

For example, there’s this one company, EastNets, that licenses SWIFT’s software. They mentioned possibly integrating Ripple’s technology, and of course, everyone lost their minds and thought it meant SWIFT and XRP were already in a secret handshake club. Spoiler alert: they’re not.

And then there’s the whole ISO 20022 thing—some sort of global messaging standard that SWIFT is super into. People are like, “Oh, Ripple complies with ISO 20022, so that must mean they’re about to start holding hands with SWIFT!” But, um, let’s not forget, ISO 20022 is just a *standard*. SWIFT and Ripple can use the same standard, but that doesn’t mean they’re planning a beach vacation together.

Long story short, the idea of SWIFT and XRP getting hitched is still just a rumor wrapped in some speculative glitter. Sure, it could happen someday, but right now? It’s mostly wishful thinking and a whole lot of nothing.

If SWIFT ever does decide to take XRP under its wing, that would be huge. It would mark a monumental moment in the saga of crypto’s attempt to break into traditional finance. But until that happens, let’s keep our crypto dreams in check and not start throwing any after-party celebrations just yet. 🥂

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2025-04-14 23:14