Yes

>>A specialist says to SWIFT: demonstrate you’re using XRP without directly stating it.

A specialist says to SWIFT: demonstrate you’re using XRP without directly stating it.

crypthub

about 11 hours ago

Modernizing Cross‑Border Payments

Banks are under pressure to deliver faster, cheaper, transparent international transfers. Legacy systems face mounting strain as blockchain solutions expose enduring inefficiencies. A Pumpius tweet claimed SWIFT’s latest speed gains mirror XRP’s capabilities, sparking renewed debate on fintech versus blockchain influence.

SWIFT’s Progress and XRP’s Role

SWIFT says 75% of cross‑border payments now settle within ten minutes, beating G20 2027 targets, though delays persist in intermediary steps. XRP offers near‑instant, low‑cost settlement as a liquidity bridge, but no proof exists that SWIFT uses it. Instead, SWIFT is upgrading its messaging protocols and testing interoperability.

Convergence and Future Outlook

Both SWIFT and blockchain platforms now emphasize speed, transparency, and accessibility, reflecting common industry goals. Their core designs differ—SWIFT is a centralized messaging network, while XRP runs on a decentralized ledger. As the 2027 deadline nears, legacy infrastructure adapts, yet blockchain continues to set efficiency benchmarks, leaving the path to possible collaboration uncertain.