SWIFT

PapaCryptopulus

I say kid because your lack of knowledge makes it seem like you're young or dumb. Here's some of the use cases btc cannot perform that XRP can and that's only 1 of the superior assets. 1. Fast/Affordable Cross-Border Payments: Acts as a bridge currency to facilitate near-instant (3–5 seconds) international money transfers, bypassing slow traditional systems like SWIFT. 2. On-Demand Liquidity (ODL): Enables financial institutions to source liquidity for cross-border transactions without pre-funding accounts in destination currencies. 3. Tokenization of Real-World Assets (RWA): The XRPL supports issuing custom tokens, enabling the digital representation of stocks, bonds, and real estate. 4. Decentralized Finance (DeFi) & AMM: Features an Automated  5.Market Maker (AMM) to facilitate decentralized trading and lending. 6. Non-Fungible Tokens (NFTs): Native support for minting and trading NFTs on the ledger. 7. Central Bank Digital Currencies (CBDCs): Used by central banks for piloting and implementing national digital currencies. 8. Micropayments & Streaming Revenue: Low fees enable small-value transactions for content access, tipping, or streaming payments. 9. Gaming and Virtual Asset Economies: Used within metaverse or gaming environments for fast transactions. 10. Interoperability Bridge: Connects different payment networks and fiat currencies. Institutional Trading Collateral:  Used by traders for fast, low-fee collateral to manage margin calls and arbitrage across exchanges. 

biba8163

> Such a dumb comment that will age like milk...remind me how stupid you are in 3 years Let me remind you that 8 years ago in December 2017, dummies bought the Ripple Scam Narrative, and were dumb enough to believe banks all over the world would soon be using and buying up XRP which would drive XRP to $10 in 2018. XRP is lower today than it was in December 2017...8 fucking years ago. > **$10 xrp is quantifiable based on tangible assumptions** without speculation given the 5 tr dollars of x-border settlements, the 27 tr dollars locked up in nostro accounts alone. It also enables 95% of the 11000 banks on the SWIFT network to transfer peer to peer instead of proxying cross border through the mega-banks. > XRP can do a lot of good...! Fiat is debt based... mainly issued to governments and we all pay the interest. We are paying bong debt via put taxes for $27 trillion which is locked up... without getting benefit... xrp can release some of that... and that's a good thing... surely **(December 2017, XRP $2.30)** https://coinmarketcap.com/historical/20171231/ https://np.reddit.com/r/CryptoCurrency/comments/7mzcld/reminder_ripple_xrp_is_centralized_and_they_can/dry2rn8/ > so much Ripple FUD. so many are mad cause they called ripple centralized yet ripple keeps signing on banks after banks. **Ripple will hit $10 2018 and we will still hear "but XRP is useless" "ripple is a bank coin".** **(December 2017, XRP $2.30)** https://np.reddit.com/r/CryptoCurrency/comments/7mxbiq/warning_you_dont_own_anything_of_actual_value/drxlwr2/ January 2018, almost ~8 years ago, this guy realized that XRP was a scam and sold all of this shitcoin. XRP was $3.20 then and it's $1.85 today. https://coinmarketcap.com/historical/20180104/ https://np.reddit.com/r/CryptoCurrency/comments/7o6u64/sold_my_all_ripple_after_reading_this_just/ ZERO demand. Zero Usage. 100% Token Dump Scam. This is why this shitcoin is below 2017 prices. **1.8 Million XRP burned per year!** | Market Conditions | Daily Burn Range (XRP) | Annual Burn Estimate (XRP) |-------------|------------------------|-----------------------------|--------| | Typical / Avg Year | ~5,000 XRP/day | ~1,800,000 XRP/yr | Mid-Usage Recent Year | 3,000–4,000 XRP/day | ~1,100,000 – 1,500,000 XRP/yr | Low-Activity | 400–750 XRP/day | ~146,000 – 274,000 XRP/yr | Very Low Activity | ~700 XRP/day | ~255,000 XRP/yr **2.4 BILLION XRP dumped per year!** | Year | Total Escrow Released | Approx. XRP Sold/Distributed |------|------------------------|-------------------------------|-------------| | 2018 | ~12,000,000,000 XRP | ~2,400,000,000 XRP | 2019 | ~12,000,000,000 XRP | ~2,400,000,000 XRP | 2020 | ~12,000,000,000 XRP | ~2,400,000,000 XRP | 2021 | ~12,000,000,000 XRP | ~2,400,000,000 XRP | 2022 | ~12,000,000,000 XRP | ~2,400,000,000 XRP | 2023 | ~12,000,000,000 XRP | ~2,400,000,000 XRP | 2024 | ~12,000,000,000 XRP | ~2,400,000,000 XRP | 2025 | ~12,000,000,000 XRP | ~2,400,000,000 XRP

sylsau

XRP doesn't solve any problems for individuals. XRP should be seen more as a competitor to SWIFT, but banks will never let XRP replace SWIFT. Banks will participate in building one or more efficient networks, but ones that aren't controlled by founders who have already pre-mined almost all the tokens.

biba8163

> MUH RWA ~2 years ago ETH Bagholders were celebrating **Blackrock tokenization** of Money Market Funds for Institutions saying, "Imagine the transactions, this will a rocket for ETH." - ETH price has dropped ~15% since then - ETH fee revenue has dropped -83% since then - *There have been a total of ~10,000 transactions with a little over ~$1K in fees over a ~2 year period.* The bagholder who responded with this comment has deleted it and will probably never touch ETH again. > And it’s right on ETH. **Can you imagine the number of transactions about to go down?** https://np.reddit.com/r/CryptoCurrency/comments/1bkm1u1/blackrock_unveils_crypto_fund_first_with_5/kvzup2u/ > Hocus Pocus, CCIP, CCID, VRF, CRE, SWIFT, Magic Oracles will serve you Truths from Golden Data Containers The ChainLink Town Criers didn't fail to shill ChainLink in response to the above comment: - LINK is down -33% since then > BNY Mellon are providing the custody. They use ChainLink CCIP on the backend. > No point in shilling chainlink to these plebs, they don’t understand how this works

akcryptofinancial

That’s a high bar — and I respect it. If crypto ever “wins,” it’s because cross-border and payroll start feeling instant and routine. Do you think it happens by replacing SWIFT/ACH outright, or by running under/alongside them (same front-end rails, on-chain settlement in the back)? And what’s the first wedge you’d bet on: stablecoin B2B payments, remittances, or payroll?

23_skido-o

SWIFT/U.S. ACH replacement.

MariachiArchery

VeChain was supposed to revolutionize the supply chain, logistics, and provide tracible provenance. Stellar was supposed to replace SWIFT payments. HBAR and 0x were supposed to be *the* DeFi applications for the next cycle. Polkadot was supposed to let all the different bock chains transact with each other for cheap, was also supposed to be an ETH killer. And Polygon was once the best L2 solution for ETH on the market. All of these projects were real, and had hype. I understand why OP is in the situation he's in. This very sub shilled the *fuck* out of all these projects at one point. If you went back in time and took a snapshot of this sub at any given point, you'd think any one of these projects would have flipped BTC by now. I get it. Unfortunately, this is a lesson OP get's to learn the hard way. I think a lot of us here have learned this lesson the hard way.

Romanizer

Blockchains do already work in company settings. SWIFT is setting up a blockchain for crossborder payments. This is definitely happening.

qwer1627

The other day I asked the community about what it is that Bitcoin offers that classic ACH\SWIFT\FEDWire doesnt, and how in any way shape or form can hard cap of 7 transactions per second ACROSS THE ENTIRE BLOCKCHAIN can scale to be used at the scale of aforementioned classical solutions, all of which operate at or above ~100 thousand TPS day in and day out. I was told about L2 solutions, all of which appear to rely on repeated transactions with a given entity - which would at most general have to be a bank, meaning that we once again have to trust a 3rd party and lose all zero-trust capabilities BTC promises. I am not convinced one way or another yet, but so far, the evidence points toward this being an asset similar to any other faux valuable in history - none of which have survived to 2025 sand perhaps diamonds

biba8163

Town Criers will always tell you that this token dumps is a great investment no matter how much you try to clue them in > The Chainlink Cult and hype pushed LINK price to ~$20 in August 2020 at the tail end of the previous bear market. **(October 2023)** > https://coinmarketcap.com/historical/20200816/ > Since then, they have dumped about ~200 Million tokens or 60% more tokens into the circulating supply and bagholders who bought into the hype not only missed out on bullrun gains but are down -60% since 2020. > Sergey Nazarov has 450,000,000 more tokens to dump on the market. Where do you think the price is going to go long term with zero demand and zero utility for the token besides bullshit hype? Token not needed. https://np.reddit.com/r/CryptoCurrency/comments/172kuqq/daily_crypto_discussion_october_8_2023_gmt0/k4041tj/ They are mesmerized by the **Hocus Pocus Protocol** and will defend this token dump to their dying breath because they fell for all the acronyms > *CCIP, CCID, VRF, CRE, SWIFT, Magic Oracles will serve you Truths from Golden Data Containers* Yet LINK price today is down -40% from 5 years ago in 2020. **Exactly half a decade of dead money investing in it.** https://coinmarketcap.com/historical/20200815/

biba8163

Town Criers will always tell you that this shitcoin is a great investment. You try to warn dummies over and over and they are still clueless... > The Chainlink Cult and hype pushed LINK price to ~$20 in August 2020 at the tail end of the previous bear market. **(October 2023)** > https://coinmarketcap.com/historical/20200816/ > Since then, they have dumped about ~200 Million tokens or 60% more tokens into the circulating supply and bagholders who bought into the hype not only missed out on bullrun gains but are down -60% since 2020. > Sergey Nazarov has 450,000,000 more tokens to dump on the market. Where do you think the price is going to go long term with zero demand and zero utility for the token besides bullshit hype? Token not needed. https://np.reddit.com/r/CryptoCurrency/comments/172kuqq/daily_crypto_discussion_october_8_2023_gmt0/k4041tj/ They are mesmerized by the **Hocus Pocus Protocol** and will defend this token dump shitcoin to their dying breath because they fell for all the shitcoin acronyms > *CCIP, CCID, VRF, CRE, SWIFT, Magic Oracles will serve you Truths from Golden Data Containers* Yet LINK price today is down -40% from 5 years ago in 2020. **Exactly half a decade of dead money investing in it.** https://coinmarketcap.com/historical/20200815/

qwer1627

Do you understand that this just means that L2 networks are the same exact abstraction over this very same issue with Bitcoin? I will let you know that 7 TPS might as well be 0, there is not a worldwide system that has such a tiny limit so architecturally coupled to implementation. Gold’s inability to scale didnt give us Bitcoin - it gave us ACH and SWIFT\Fedwire. Bitcoin gave us Lightning network - do you see the irony yet?

qwer1627

Yeah i literally asked a question in OP and thanked people for answering - explicitly stating I was ignorant and came to the community to understand :) which is a fine thing to do by the way! Also, so far the only solutions I’ve been shows re-tread the issues of ACH\SWIFT, with hard assets and logistical issues of their lagging settlement being replaced with soft assets and networking\load mgmt issue of their settlement in the block. Am I wrong?

qwer1627

I sorta despise these triangle generalizations that fail anytime an actual system has to be integrated, as it is an instrument of sales and not one applicable to case-by-case requirements of actual deliverables (which demand certain ratios between the three hypothetical sides) so I’ll answer the snarky question with a snarky question I genuinely do have: would you mind drawing your impression of this triangle implemented in BTC L1 network and that of SWIFT or ACH? Please include units and magnitudes for the values of the sides so we understand the scale; at some point I will reply with my own impressions and justify them accordingly; should help us both understand the gaps in each other’s knowledge and understand respective misunderstandings; will be fun regardless

fajarsis02

Q: And how's your fiat doing? A: Inflated Q: Can you send your fiat to somebody in Russia? A: No.. they blocked the SWIFT to Russia

AutoModerator

Post is by: 007TheLostOne and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pupuvy/should_i_still_stay_in_crypto/ Hello all, bear with me this is going to be long, I hold ETH, BTC, and SOL. There are a few questions that have been bothering me for a while in crypto. Recently I have lowered my bullish stance on crypto and this is not due to recent market sentiment but due to my own deep analysis. 1. We have been seeing massive bullish news for crypto this year with institutions, legislation and governments but yet that doesnt not reflect on the price action of these assets. Why is that? 2. Liquidity is massively moving away from crypto and into other sectors like AI especially retail investors. We have even seen bitcoin miners moving that way and going towards AI infrastructure needs instead, IREN is a big example of this recently. Why? 3. Institutional investment, I know I said this is bullish but one thing all institutions dont like is volatility. Those days of crazy periods of volatle gains and losses seem to be over specifically speaking on Bitcoin, if you look at the charts there have actually been a few periods this year where Bitcoin was less volatile then the SP500, I think with greater institutional investment this trend will increase. The downside of this will be lower CAGR, so if its CAGR drops then why should I stay invested into it? When there are other sectors that are massively outperforming and more likely will in the future also? 4. Last question, this is a big one for me. But I do believe crypto tech is the future, however in saying that, you dont need to buy the underlying asset to use its tech. Ethereum is a big example of this, its usage is at record high but yet its price is negative for the year, the layer 2 protocol is being used massively, but L2 compression means less ETH used per transaction, the only time ETH is required is a bit for settlement at the base layer, so its tech is being used but its not reflected on the price. Also another crypto I used to be in chainlink, its the most adopted crypto infrastructure by legitimate organizations like the SWIFT banking system yet its down 50%, again just because institutions are using its tech, you dont need to buy the actual crypto. Now the big one, bitcoin, it got sold to us as "digital gold", doesnt seem to be that way, governments and institutions are flocking to gold and silver for monetary debasement instead of bitcoin, gold and silver are at record high and not showing signs of slowing down, bitcoin isnt special it requires liquidity just like any other asset. The projected CAGR on the big crypto assets has fallen, with estimates being from CAGR 8% to 15%, ironically this year its in the negatives. So in saying all of this, I'm at a dillema because I'm seeing the broader market vastly outperform crypto especially specific sectors like AI, space, energy. So I ask myself this question if the CAGR stays between that range then why should I stay invested in these assets when there are better opportunities for future gains outside of crypto? I'm open to all discussion. Tell me what you agree or don't agree with, I'm a very open minded guy. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

-crypto2025hold-

Optimism OP Stack is the backbone of Ethereum. It processes over 70% of all Layer 2 transactions on ETH. Linea token has been chosen by SWIFT for the world's cross boarder payments. Linea will do what everyone thought XRP would do. Linea in 2026.

carsonthecarsinogen

The network. If the majority stay on the non quantum safe network they risk what you say, but the majority will work on the quantum safe network because they don’t want to face the risk of quantum. Whereas banks and governments are controlled by a handful of useful idiots that take decades to make decisions. SWIFT was built in the 70s and took 5+ years to implement and get running. Bitcoin has accomplished far more changes and innovation in 15 years.

Hidden5G

Your very confused. You’re mixing up investment, ownership, and infrastructure. Utility tokens aren’t equity. They’re not trying to be. They’re financial rails. You don’t “own” SWIFT, TCP/IP, or the dollar clearing system either, yet trillions flow through them because they are necessary. Currencies don’t devalue because they’re useful. They devalue because they’re printed without constraint. A scarce, neutral settlement asset used for payments, liquidity, and tokenization doesn’t behave like a fiat currency. Its value comes from demand for throughput and liquidity, not dividends. Competition, AI, and quantum don’t erase value. They increase transaction volume, which increases demand for efficient settlement. That’s the opposite of erosion. You don’t invest in currencies to get cash flows. You hold infrastructure assets because the world can’t function without them. That’s the bet. Glad I could help.

IssaKiller21

The idea of traditional systems like SWIFT urging cooperation with blockchain networks like XRP or HBAR shows how much the payments landscape is evolving. If old and new systems find ways to work together it could push adoption and make cross border value movements more efficient for everyone. At the same time I also like to think about ways to connect blockchain innovation with real world economic value outside of pure token speculation. Platforms like Fractionvest io focus on tokenized fractional ownership in real world assets such as property or energy projects which gives a different type of exposure that is tied to tangible value rather than only market narratives.

Sioux-82

Then why do they use SWIFT?

Sad-Mango-5363

i’d zoom out and separate 2 things: 1) “will it ever pump again?” – yeah, in a bull market almost anything can have a face‑saving rally, especially something as liquid and narrative‑driven as XRP. 2) “does the fundamental thesis still make sense vs alternatives?” – that’s where it looks rough: banks are building their own rails, SWIFT / JPM / stablecoins eat the same use case, and XRP’s been underperforming majors for years. if you wouldn’t buy it today with fresh money, that’s usually my cue to slowly rotate out on strength into stuff you actually believe in (BTC/ETH/whatever), instead of emotionally marrying a bag and hoping for 2017 again.

-crypto2025hold-

SWIFT crypto pilot program with 30 banks. Linea

-crypto2025hold-

Again do research, their using the Ethereum L2 Linea to build the SWIFT crypto rails with Ethereum virtual machime support for security.

NewcastlePLchamps

I’m lost at the point you’re trying to make tbh. I brought up Blockbuster because I thought you were suggesting that since SWIFT has been around since 1973, they can’t fail. Which is obviously very smooth brain logic

-crypto2025hold-

SWIFT trust Consensys and Ethereum so they want an Ethereum layer 2 which is Linea for their crypto rails. Do some more research.

uncapchad

and none of these adoptions will do anything for a token's price. Ditto for projects with MasterCard, Visa, SWIFT, WesternUnion etc etc etc. Chainlink has been adopted by various organisations, tech consortiums and protocols for a variety of RWA activities. It's no surprise DTCC chose an architecture which integrates into the Chainlink stack. LINK's price is down 58% this year, despite all of these announcements.

-crypto2025hold-

Just google SWIFT partnership with Linea. The info is there. Consensys meta mask founded Linea. Everyone believe what you want. Im stacking Linea, you can Stack XRP, it's your choice.

jupiter_walks

I read that JPMD does over come some limitations of SWIFT.

NewcastlePLchamps

Idk. All I know is there are definitely market participants that know substantially more than me, with substantially more capital. For whatever reason they don’t seem to believe SWIFT, so why should I?

NewcastlePLchamps

And look how the Linea coin has performed price wise since they made that announcement (>60% down compared to XRP). That wouldn’t be the case if the market believed SWIFT would be successful.

NewcastlePLchamps

Linea is down >60% to XRP since SWIFT made that announcement. The market doesn’t believe SWIFT will be successful

incarnate_devil

Also, a new payment system was launched to counter SWIFT. It’s called BRICS. It launched not long ago. Ability to send payments to 185 countries, using YUAN. This has been worked on for years by the founding countries. Brazil, Russia, India, China, South Africa Later, other countries joined the alliance. This s the current members. Brazil Russia India China South Africa Iran United Arab Emirates Saudi Arabia Ethiopia Egypt https://brics-pay.com/ What is scary for the USD…The PetroYuan China and Saudi Arabia Settle First Oil Trade Using Digital Yuan China and Saudi Arabia have completed their first-ever oil trade settlement using the digital yuan, marking a historic milestone in both global energy markets and the ongoing evolution of central bank digital currencies. The deal, finalized in mid-September, involved a multi-billion-dollar crude oil shipment paid for in China’s central bank digital currency, representing the first time the two countries have bypassed the U.S. dollar in a transaction of this scale. https://www.economywatch.com/china-and-saudi-arabia-settle-first-oil-trade-using-digital-yuan So given we have a competitive payment system, not using USD, and oil is being paid for in Yuan, and not USD. Why would these countries want to use another US based payment system?

-crypto2025hold-

Ripple became its own bank because the traditional banking system SWIFT wanted to build its own crypto rails. They chose Linea. its game over. Linea wins

-crypto2025hold-

It's true. SWIFT likes Linea because the Meta mask founders company Consensys developed Linea network and its a Ethereum layer 2 which has the security of Ethereum. Not delusional, SWIFT will use Linea. Research it.

Romanizer

That's where SWIFT comes in. They are building their own chain, which makes sense as you can choose who can act as a validator.

-crypto2025hold-

SWIFT has Linea network now. It's already doing what XRP was supposed to do.

-crypto2025hold-

I have none and am not buying any. SWIFT made its choice. A Ethereum layer 2 called Linea already partnered with SWIFT. 30 big banks have started to use Linea.

-crypto2025hold-

SWIFT uses it in a pilot program for cross boader payments.

-crypto2025hold-

SWIFT partnered with Linea to build their crypto rails and 30 banks like Chase, B of A, Citi, Melon are using it right now. SWIFT doesn't want Ripple XRP so Ripple is its own bank now. Linea will do what everyone thought XRP would do. This is the most bullish crypto there is right now in my opinion. Research it alittle.

Master_Chen

1. The "Barter" vs. "Monetary Good" Distinction You compare Bitcoin to bartering cars. This ignores the Lindy Effect and the properties of money. • Fungibility and Portability: You cannot easily transport, divide, or verify a Honda Civic across the globe in seconds. Bitcoin is a "digital commodity" with perfect portability and scarcity. • The Evolution of Money: Historically, no currency starts as a Medium of Exchange (MoE). It follows a path: Collectible → Store of Value → Medium of Exchange → Unit of Account. Bitcoin is currently in the "Store of Value" phase. Calling it "barter" ignores its $1T+ market cap and global institutional adoption. 2. The "Turing Complete" Misconception You argue that because Bitcoin isn't "programmable" like Ethereum, it can't be a settlement layer. • Security over Complexity: Bitcoin’s lack of Turing completeness is a feature, not a bug. Smart contracts (like those on Ethereum) are prone to hacks, exploits, and "infinite loops." Bitcoin’s simple Script language is designed to be a "fortress" for value. • The Layered Approach: Just as the internet is built on TCP/IP (a simple, "dumb" base layer) with complex apps built on top, Bitcoin serves as the "Hard Money" base. Complex logic is intentionally pushed to higher layers to keep the base layer secure and immutable. 3. Dismissing Layer 2s as "Custodial" The author claims L2s like Lightning are just "multi-sig wallets" and have failed. • Non-Custodial Scaling: Lightning is a system of bidirectional payment channels. While it uses multi-sig, users retain their private keys. If a peer disappears, you can force-close the channel and get your funds. This is a far cry from a "glorified custodian" like a bank. • Adoption Metrics: While you claim Lightning "failed," its capacity and node count have grown significantly over the years. It is being used in El Salvador and via apps like Strike to move value instantly for near-zero fees. 4. Deterministic vs. Probabilistic Finality You critique Bitcoin's "probabilistic" finality (waiting for confirmations). • The Gold Standard of Finality: In traditional finance, a wire transfer or credit card swipe can be "charged back" or reversed weeks later. Bitcoin’s finality, while probabilistic, becomes mathematically irreversible after 3–6 blocks. For high-value settlement (millions of dollars), waiting 60 minutes for "absolute" finality is actually faster than the 2–3 days required for international SWIFT settlements. • The "Minutes" Argument: During high congestion, fees rise. This is the Fee Market working. If you want priority, you pay for it. The fact that the network doesn't crash during these spikes proves its resilience.

fyworries

But that wouldn’t be an issue if those centralized legacy systems already upgrade to quantum resistant solutions. In fact, this report was released by BIS two days ago piloting PQC messaging software with SWIFT and multiple EU banks: https://www.bis.org/publ/othp107.pdf

biba8163

**Hocus Pocus!!!** Every time LINK is mentioned, **bagholding Chainlink Town Criers appear out of nowhere to defend this token dump shitcoin.** > *CCIP, CCID, VRF, CRE, SWIFT, Magic Oracles will serve you Truths from Golden Data Containers* Yet LINK price today is down -35% from 5 years ago in 2020. **Exactly half a decade of dead money investing in it.** https://coinmarketcap.com/historical/20200815/

23_skido-o

This seems reasonable.  Blockchain is a way to handle accounting and settlement that would have pros and cons for different scenarios.  If it helps banks more than SWIFT/reserve accounting/wires/ACH, etc. do in some fashion, they'd probably adopt it.

thebuders

It takes a lot of time to basically upend large financial systems. Crypto has only started to become adopted beyond crypto bros. ICE, not the one you just thought of, is bringing FOREX and commodities to the blockchain. This company also runs the NYSE and will likely bring that on chain once proof of concept is tried out. SWIFT is testing blockchain systems as well for money exchange. I know someone who is filthy rich because he noticed that immigrants were sending money back home via bitcoin and decided to invest in some. There are already are use cases and they are active.

FckCombatPencil686

This is what people said about the Internet in the early 90s. 20 years and hardly any adoption, minimal use cases. Yet look where we are now. Crypto hasn't replaced cash, and won't if you live somewhere where the government needs complete control of the currency. How would they effectively tax you? How would they print off more to send everyone a check to calm the masses? But that's late stage replacement. Crypto is in use all over, in all kinds of sectors. Although it's mostly private block chains, against the "spirit" of Bitcoin. Take SWIFT, the Society for Worldwide Interbank Financial Telecommunication, they are replacing their entire old telecom based system with a crypto backend. This is what all banks use for international transfers. Interestingly, their old system had almost a 30% failure rate, and needed manual validation for all of those failures. Crypto needs no manual validation, and would require owning over 50% of the network to falsify transactions. Look at all the places Bosch is using crypto. Look at the x402 payment protocol. There are so many places it's in use, and it's still very much in the early stages.  There are also millions of morons and scammers using it to steal and from them. Neither the scammers or the rubes care what crypto is, or the tech, they just want to get rich. So when you say, no one is using crypto, I'm going to assume your a bag holder for one of those scams, probably TRUMP coin.

binary_quasar

Wow bro. You got me so good. I accidentally called the token owned by the company, the company's name instead of the token's name....you really showed me how stupid I am. I've made a huge mistake and nobody was able to decipher what I meant...even though you clearly did, but felt necessary to callout anyway because you live a sad life of hoping to get the chance to suck-off Brad Garlictits while you fantasize about replacing SWIFT together.

Scionic94

What are business hours? What is uptime? Key points outside of transaction volume. Moreover, who has control over ACH and SWIFT ledgers? Who has control over BTC’s ledger?

Scionic94

So many privileged westerners in the comments that don’t understand allodial title, bearer assets & settlement, or the concept of outside money. We get it. Debit, ACH, SWIFT all work for you. This is NOT the case for vast swaths of the world’s population. Check your financial privilege before you shill for the fiat banking cartels.

Scionic94

Coffee in lightning, settle onchain at the end of the day. Similar thing happens with visa relative to ACH/SWIFT. The BIG difference that every privileged westerner misses is the allodial title and outside-money nature to self-custodial settlement.

Green_Struggle_1815

> Did you edit your original comment? no > Are people using ACH and SWIFT for their coffee payments? Lmao no mostly debit cards here. which have far lower transaction fees than btc.

Scionic94

Did you edit your original comment? Are people using ACH and SWIFT for their coffee payments? Lmao

Scionic94

Certainly more efficient than ACH and SWIFT in every single way.

ClarkNova80

Those 5 to 6 percent fees you are talking about are outdated. For most people international transfer costs have not been anywhere near that level for years. Between SEPA in Europe, low fixed fee SWIFT transfers at many banks, and fintechs like Wise and Revolut, you are usually paying well under 1 percent all in, FX included. Unless both sides are staying in crypto and using it natively, you are just swapping one system for another with extra on and off ramps layered on top, and that is exactly the issue. Almost no one is actually transacting fully on chain in daily life.

LazyLooser

Seeing SWIFT test blockchain rails reminds me that big systems may evolve slowly instead of flipping overnight. Best Wallet gives me calm here because I can track moves and let noise pass by.

Alex0589

When you deposit money in a bank they then lend that money and collect interest: Decentralized lending allows you to be the one collecting that interest. Tockenized stocks are so interesting that the Nasdaq is petitioning the SEC to allow it, the benefits are that you don't have to buy a whole stock and can trade it any time. SWIFT powers pretty much all safe international transactions: if they are building on the eth blockchain it's because they think it has what it has what it takes to power their infrastructure. "How did we survive before..." is a braindead argument, you could argue that about anything. Obviously the blockchain is not a lifechaning technology, just like everyone has lived fire without AI. I'm not sure why you would think that we NEED the blockchain, we probably don't, I just think there are people building very interesting projects on top of it, some of which I use everyday, and I'm interested to see where it goes. Could fail tomorrow for all I know.

Alex0589

You are posting daily on buttcoin and can comment here freely, someone doing the opposite of what you are doing would be already banned from your sub reddit. By yhe eay what innovation, look at what aave is doing for decentralized lending, what xstocks is doing for tockenized stocks trading 24/7, look at what SWIFT is building with eth ( https://consent.yahoo.com/v2/collectConsent?sessionId=3_cc-session_0c6d7fb8-ba2b-4d74-8c41-8b54695e7ca0 ).

Shadowpinegrowth

Back in my day we used to say that XRP will replace SWIFT

desmond_koh

Most people don't buy Bitcoin because they don't understand what it is. And, based on your post, I'm not sure that you do either. Bitcoin is often presented as an investment with people highlighting how much it has gone up in value over the last 10 years. But **why** does it go up in value?? As an investment, it doesn't make any sense. What does it do? What does it produce? Who does it employ? The value in Bitcoin - and the reason it continues to go up in value - is its potential as an alternative to the US dollar, the SWIFT system, and state-issued fiat currency. It is a currency that cannot be manipulated by a central bank through quantitative easing/tightening. People who see it that way don't talk about how many dollars their Bitcoin is currently worth because one Bitcoin is still worth one Bitcoin and always will be. Those people see buying Bitcoin with dollars as trading today's money for tomorrow's money at an unbeatable exchange rate.

Rey_Mezcalero

😂😂😂 all crypto was a great buy if you got in earlier days. My point is XRP ribs periodic “fantasies” that get pushed to mislead people into buying. SWIFT, USD Coin, etc. It’s always influencers and articles from questionable places claiming inside info and it’s always exaggerations, lies or it’s Ripple that benefits. Great you bought early and in the green, but for new people to buy in reading fantasy articles it’s only going to end in disappointment.

Indi_Cat123

That's all good and dandy, until you hear that SWIFT is going to roll over and be stepped on and die like XRP Andy's so desperately want to believe like morons. Just recently SWIFT have chosen Linea L2 from Eth and not RippleNet... That in returns, concerns the biggest banks in a lot of countries like JPMorgan, BNP Paribas and 30+ major banks out there. Ripple are left behind in reality. Cool to have some pipe dream, but putting it into practice and showing action is a whole another story that we aren't seeing...

biba8163

**BTC** BTC itself is a speculative asset with the narrative of digital gold. It's a digital asset with no intrinsic value except the speculative value we give it. Satoshi: > *As a thought experiment, imagine there was a base metal as scarce as gold*... > ..and one special, magical property: > - can be transported over a communications channel > *If it somehow acquired any value* at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it. > Maybe it could get an initial value circularly as you've suggested, by people foreseeing its potential usefulness for exchange. (I would definitely want some) Maybe collectors, any random reason could spark it. Alts are double speculative and need BTC to go up and then hope that BTC carries it along. They have on average a 0.90+ correlation coefficient to BTC. They have no independent value in and of themselves despite the narratives sold to you. **XRP** > Nostro/Vostro, ODL, the Standard, Global Settlement Currency, MoneyGram, SWIFT, Japanese Banks Yet XRP price today is the same as it was 8 years ago in 2017. Almost a decade of dead money investing in it. https://coinmarketcap.com/historical/20171231/ Despite the bullshit narratives, XRP has no independent value in itself but can only appreciate when BTC goes on a bullrun and carries it higher. - -92% in BTC bear market from 2014-2016 - 1,000s% gain in 2017 BTC bullmarket - -92% in 2018-2020 BTC bear market - Modest rise in 2021 BTC bull market - Dump again in 2022-2023 BTC bear market - Touches 2018 ATH again in 2024 when BTC bull runs to $100K **LINK** > CCIP, CCID, VRF, CRE, SWIFT, Muh Town Crier will tell you the Truth, Hocus Pocus Oracles will serve you Truths from Golden Data Containers Yet LINK price today is the same as it was 5 years ago in 2020. Exactly half a decade of dead money investing in it. https://coinmarketcap.com/historical/20200815/ Despite the bullshit narratives, LINK has no independent value in itself but can only appreciate when BTC goes on a bullrun - -$2 to $20 ATH in 2020 when BTC went from $4K to $12K bouncing off the Covid lows and into tge halvening pump - ATH of ~$50 in 2021 BTC bullrun - -90% in 2022 BTC bear market - Left behind ever since **ETH** > DAOs (Decentralized Autonomous Organizations will be the corporations of the future), Triple Halving, Supply Crunch, DeFi (Decentralized Finance will replace Traditional Finance), RWA, muh Institutions, the Plumbing of WallStreet.... Yet ETH price today is the same as May 2021. 4 1/2 years. Almost half a decade of dead money investing in it. https://coinmarketcap.com/historical/20210514/ Despite the bullshit narratives, ETH has no independant value in itself but can only appreciate when BTC goes on a bullrun and carries it higher. - No real appreciation in BTC bear market from 2015-2016 - 1,000s% gain in 2017 BTC bullmarket - -92% in 2018-2020 BTC bear market - 900% gain in 2021 BTC bull market - -70% dump again in 2022-2023 BTC bear market - Touches 2021 ATH again in 2025 when BTC bull runs to $120K

Romanizer

SWIFT is implementing the blockchain for that exact reason, so technically the concept has won over traditional banking.

AutoModerator

Post is by: Sad_Basis_9588 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1p6ktu0/linea_l2_chosen_by_swfit/ Everyone remembers when #link was at $.10 and now all-time high at $20 due to SWIFT partnership. A similar project with three times the potential WAS CHOSEN BY SWIFT to replace #xrp; #linea. I’m so surprised more people aren’t talking about #linea. SWIFT is trialing this project for its stable coin payment system globally; already confirmed by consensus and Joe Lubin. The fact that this project doesn’t have more buzz tells me that people still aren’t doing their research. I definitely ask that everyone visits their site to see how it’s being integrated into various different payment systems and Dapps *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

-crypto2025hold-

Linea built on Ethereum is being used by SWIFT. Ethereum already won.

-crypto2025hold-

SWIFT already is doing a pilot program using Linea token for cross boarder payments. Built on Ethereum and being tested by all of the traditional banking system. Not saying XRP Ripple wont also be used but it is happening right now. SWIFT partnered with Linea.

pop-1988

> Is there anything that am I missing? Originally, the point was to respond to the problem of cross-trading hundreds of different altcoins. When this flood of tradable alts first happened, Coinbase and others were slow and careful, didn't list trading pairs for most alts. To fill the gap, new exchanges appeared, with hundreds of trading pairs for obscure alts. But those exchanges didn't have fiat banking - not possible to send dollar deposits or receive dollar withdrawals. Where does the trader park his trading balance at the end of the say while he's sleeping? Obviously, he converts all alts to Bitcoin, has a good night's sleep, and starts again in the morning Sometimes Bitcoin is volatile. And it's too inconvenient to move Bitcoin out to Coinbase, sell for USD, hold USD overnight, and then rebuy BTC the next day Along comes Tether to fill this gap. Don't convert all alts to BTC overnight, convert them to USDT, and sleep even more soundly knowing the same USD amount is waiting to be traded next day, without having to transfer in and out of Coinbase This is still the main purpose of stablecoins, but there are more and more people using them for international funds transfer - avoid the 3-day SWIFT delay > Tether seems completely centralized True, and in their greed, they're eagerly sucking up to authorities, very quick to block and seize funds supposedly marked as money laundering or sanctions evasion But a stablecoin doesn't have to be centralized. It could have its own blockchain, and a DAO with the authority to purchase Treasury bonds. All the stables are tokens on smartchains, but they're not all centralized > People bring their USD and deposit in a tether account and in return Tether gives you a token that is backed by the money they are holding Not really. Tether only sells wholesale, with a very high minimum purchase amount. Effectively, they only sell to exchanges. Retail customers buy USDT on an exchange, not from Tether. The same applies to redemption > how is that decentralized and out of the reach of banks or government? Even in this subreddit, there's a loud group who don't care about crypto being decentralized. Stablecoin adopters are choosing to avoid the perceived volatility of BTC. Most don't care about decentralization. A few are pro-centralization because they think regulatory compliance (censorship and surveillance) brings legitimacy The wheel hasn't turned yet. Few people have the sense to read back to what happened to e-Gold when regulatory compliance was belatedly imposed, jackboot style. The timing of that case coincided with the development of decentralized Bitcoin. Stablecoins are about 2 years away from the kind of regulatory capture which confiscates the coins of innocent users. Centralization always leads to arbitrary confiscation, some years after the launch of any innovative money system

biba8163

Hocus Pocus LINK is used by Town Criers and Magic Oracles everywhere! The demand is through the roof. That's why the price keeps rising year after year. > CCIP, CCID, VRF, CRE, SWIFT, Muh Town Crier will tell you the Truth, Magic Oracles will serve you Truths from Golden Data Containers Yet LINK price today is down -30% 5 years ago in 2020. Exactly half a decade of dead money investing in it. https://coinmarketcap.com/historical/20200815/

ecnecn

[https://www.iso20022.org/faq](https://www.iso20022.org/faq) Scroll down to: **Are there any cryptocurrencies that are compliant with ISO 20022?** Cryptocurrencies are not inherently ISO 20022 compliant. There is a lot of confusion and misleading information on the web referring to ISO 20022 compliant cryptocurrencies but those statements are not correct **Can a blockchain company be ISO 20022 compliant?** (...) But at the protocol level, blockchains themselves are not inherently ISO 20022 compliant Official ISO Standards Organization FAQ..... NOT COMPLIANT WITH CRYPTO, NOT MADE FOR CRYPTO, JUST AN UPDATE FROM THE OLD PROTOCOL FOR MESSAGES (ISO 15022) This is the official Registration Authority for ISO 20022: ISO 20022 - Registration Authority **SWIFT SC** Avenue Adèle 1 B-1310 La Hulpe Belgium **YES SWIFT**, Swift literally helped to create ISO 15022 and ISO 20022... banks must literally show SWIFT that they implemented the ISO 15022 to ISO 20022 update the right way and get their green light from SWIFT What is with XRP and the whole ISO spam bots?! Crypto isnt even running on ISO 15022 messaging protocol.. For people with knowledge the whole ISO spam is borderline insane, what a win?! Some insane people even posted that ISO 20022 could lead to a win XRP vs. SWIFT.... when SWIFT is the Registration Authority and co-creator of that messaging protocol standard... really?! Whoever created that crypto/ISO myth is the biggest pump-troll ever.

BioRobotTch

ISO20022 is just a messaging standard. Any blockchain which has a free text field in it's transactions could be used to send ISO20022 messages, and most of them do. Sure you could build handling into the base blockchain but if the chain has smart contracts it is better to let thirdparties do that so that competition exists between providers and the market decides which is better. I've worked with SWIFT standards since 2000.

R4ID

> Good for you, nobody cares what you do, I'm talking about real banks and real institutions. SBI Remit isnt a "real" bank or "real institution... Why do you use no true Scotsman fallacy? >and before you even respond, you’re not smarter than the CIO of SWIFT. He knows what he’s talking about because its literally his job. He manages global payment infrastructure and reports to 11,000 banks worldwide. Your opinion doesn’t hold a candle to his experience. "man is vested interest speaks out against competition" lol anything else dumb youd like to say? >XRPL is a walled garden lol It needs 3rd party protocols to talk to other chains. no it doesnt, it uses ILP... also its open source and permissionless... You either dont know what a walled garden is or dont understand the XRPL... or actually whats most likely is both in this case. >You really are clueless, there is no issue. Theyre all using Chainlink CCIP, every large bank is integrating it. Heres JP Morgan doing a cross chain DvP transaction, which you claim theyre having issues with (but clearly not because it was successful). Not sure how many times I have to show you this but JP used their own chain and Ondo on Eth hence 'cross-chain atomic settlement'. "irrilivant example which isnt what im talking about" - you why cant you stay on topic? The counter to "walled gardens dont have good interrogability" isnt "look over ehre someone used something else for something" lol >No, issuing 90% of it on Ethereum is. "HOW DOES A BRIDGE ASSET WORK" - You >Im saying Ripple marketed XRP as a magic settlement token but its really just a gas token for a shitty obsolete chain from 2013 that no one uses and banks wont touch. 2012, and it currently does exactly what it says it can do on the box. Ive already disproven the "nobody uses it" you're welcome to continue to be wrong I dont mind looking smart by pointing it out. >Theyre all building their own chains that are more modern, faster, tailored to their needs and making their own tokens. Even Citi has their own chain. Yes, they are again welcome to build their own Walled gardens, its going to lead back to the same issue tho that they have always had. They are great for internal banking settlements, they are bad for doing business with anything outside of the garden. Im afraid to keep using the term tho since youve already shown you dont know what it means.

JustStopppingBye

> Good for you, nobody cares what you do, I'm talking about real banks and real institutions. > [The CIO of Swift.](https://imgur.com/gr8Yx4v) *"the bridge currency has no legal claim to the underlying fiat or no settlement finality in central bank money, its not solving the liquidity gap, its just creating a new one, this time in token form"* *"so even if the token moves fast, someone still has to hold the actual cash on the other side to finish the deal"* and before you even respond, you’re not smarter than the CIO of SWIFT. He knows what he’s talking about because its literally his job. He manages global payment infrastructure and reports to 11,000 banks worldwide. Your opinion doesn’t hold a candle to his experience. > XRPL is a walled garden lol It needs 3rd party protocols to talk to other chains. > You really are clueless, there is no issue. Theyre all using Chainlink CCIP, every large bank is integrating it. Heres JP Morgan doing a cross chain DvP transaction, which you claim theyre having issues with (but clearly not because it was successful). Not sure how many times I have to show you this but JP used their own chain and Ondo on Eth hence *'cross-chain atomic settlement'.* [https://www.jpmorgan.com/payments/newsroom/kinexys-chainlink-ondo-tokenized-asset-test](https://www.jpmorgan.com/payments/newsroom/kinexys-chainlink-ondo-tokenized-asset-test) > No, issuing 90% of it on Ethereum is. > Im saying Ripple marketed XRP as a magic settlement token but its really just a gas token for a shitty obsolete chain from 2013 that no one uses and banks wont touch. Theyre all building their own chains that are more modern, faster, tailored to their needs and making their own tokens. Even Citi has their own chain.

Crisado

It's not a SWIFT transfer, it's through a platform called Ivy, if I'm not mistaken. They don't support ALL banks but they have quite a few.

Major-Rabbit1252

I get where you’re coming from to an extent. A lot of the crypto world is a circus, and a ton of projects absolutely are scams or pointless tech demos. But saying the whole thing is a “failed experiment” feels like throwing out the baby with the bathwater Here’s a more nuanced way to look at it: **”Why should financial institutions care?”** Because whether we like it or not, blockchains do solve a few very annoying problems for big financial players: Settlement times: Banks settle cross-border payments through layers of intermediaries (SWIFT, correspondent banks, etc.). A permissioned chain settles in minutes with an immutable log. You don’t need full decentralization for that to matter. Audibility + shared truth: Instead of 12 institutions reconciling 12 separate databases every day, everyone reads from the same ledger. That removes file reconciliations, reduces operational risk, and cuts costs. Tokenization of assets: Not “monkey JPEGs,” but things like money market funds, treasuries, commercial paper, real estate shares. Instant settlement and fractional ownership is a real value-add. These aren’t hypothetical, as JP Morgan, Citi, BlackRock, HSBC, the DTCC, and the BIS are all actively using or piloting blockchain rails. Not public chains necessarily, but blockchain tech as a backend It’s not about financial freedom. It’s about efficiency and cost **”Crypto only has 4 real-world use cases.”** I’d agree those four are the most visible, but the list is incomplete: On-chain settlement for institutions (already happening with tokenized treasuries and bank-issued stablecoins). Global, permissionless payments for freelancers and small businesses in unstable regions — the legal version of the “illegal transactions” point. Programmable money — conditional payments, instant escrow, automated royalty splits. Traditional rails can do this, but not globally, instantly, or cheaply. 24/7 markets for any tokenized asset. Legacy finance can’t clear trades on weekends or holidays. Chains can. You can think crypto is dumb, but ignoring these is just inaccurate. **“Everything but BTC / stables / privacy coins is a scam.”** There’s a difference between “99% will die” and “0% have value.” The internet wiped out 99% of dot-com companies too. That doesn’t mean web tech was scammy, it means innovation is noisy. Ethereum, for example, is already securing trillions in value and powering real institutional pilots. You don’t need ETH to be perfect for it to be economically meaningful **“It’s a paradise for scammers.”** Totally true. But so was the early stock market, the early internet, and early online payments. Fraud tends to be highest when: • regulation is unclear • technology is new • retail speculation is insane That’s not an excuse — just historical context. **”It’s a failed experiment.”** If it were truly failed, you wouldn’t see: • governments issuing tokenized bonds • banks building on-chain settlement networks • stablecoins settling more volume than Visa • the world’s largest asset manager (BlackRock) launching a tokenization fund on-chain • tokenized treasuries becoming the fastest-growing asset category in crypto You can dislike crypto culture and still acknowledge the underlying tech is sticking around.

highschoolhero24

What an excellent argument. Just ignore the millions of migrant workers who use Bitcoin to send money home to their families rather than pay 10x more fees using the SWIFT transfer system. Bitcoin’s intrinsic value is found in the rewards that mining operations receive to facilitate transactions. The supply available to purchase is shrinking every day as people die without sharing their key phrase or they lose the ability to access their own accounts. I can’t imagine how dull it must be to have such a closed mind about such a complex issue.

highschoolhero24

What an excellent argument. Just ignore the millions of migrant workers who use Bitcoin to send money home to their families rather than pay 10x more fees using the SWIFT transfer system. And unlike poop, Bitcoin’s supply available is shrinking every day as people die without sharing their key phrase or they lose the ability to access their own accounts. I can’t imagine how dull it must be to have such a closed mind about such a complex issue.

thebuders

Wouldn't each bank having it it's own stable coin not fix the issue of exchange? The idea behind XRPL is that it can facilitate transfers quickly, easily and cheaply with a more or less guaranteed liquidity system. This means you don't have to do a lot of weird currency conversions, like YEN > RP > MXC or something. I'm not sure what banks will actually use, although SWIFT has been playing with Chainlink and some other one I forget, but it would be silly to not at least have XRP on your radar. It's up there with a few other projects that might actually see real world adoption.

Agitated-Bird-4333

While banks' preference for stablecoins does introduce competition that could cap XRP's explosive growth in certain enterprise channels, it doesn't spell doom for price appreciation.  The stablecoin shift is more of a mixed bag: it risks diluting XRP's direct utility in RippleNet flows, but it also amplifies XRP's role as the underlying "gas" and bridge asset on the XRPL.   RippleNet wouldn't "replace" SWIFT outright—it's more likely a complement, with hybrids (e.g., SWIFT messaging + Ripple settlement) dominating by 2026 via ISO 20022 alignment. Banks would flock to stablecoins for 70-80% of flows, prioritizing stability over XRP's raw speed. That’s true.  But XRP endures as the "neutral rail" for interoperability, especially as bank stablecoins proliferate—think of it as the internet's TCP/IP under proprietary apps. Ripple's pivot to RLUSD underscores this: stablecoins for the masses, XRP for the plumbing. Stablecoins temper XRP's "replace SWIFT overnight" narrative, making $100+ dreams unrealistic without massive global buy-in. But with ETFs live, RLUSD as a feeder, and post-SEC clarity, appreciation looks probable at 20–30% annually through 2030.   It's not "to the moon," but it's a far cry from stagnation; XRP's plumbing role in a stablecoin world could make it the quiet winner.

Shootforthestars24

People actually think it’ll replace SWIFT

biba8163

> You're describing the whole crypto market lol. Reminder that the Use Cases, Utility and entire investment thesis of your favorite Alt is entirely fictional. A bear market always reveals all these Alt Narratives as pure bullshit. Alts only appreciate when BTC runs and brings money into the crypto market. BTC itself is a speculative asset with the narrative of digital gold. Alts are double speculative and need BTC to go up and then hope that BTC carries it along. They have no independent value in and of themselves. 12 years of data prove this fact. Denial will be a blood red river of tears of Alt Bagholders in a Bear Market. **ETH** > DAOs (Decentralized Autonomous Organizations will be the corporations of the future), Triple Halving, Supply Crunch, DeFi (Decentralized Finance will replace Traditional Finance), RWA, muh Institutions, the Plumbing of WallStreet.... Yet ETH price today is the same as May 2021. 4 1/2 years. Almost half a decade of dead money investing in it. https://coinmarketcap.com/historical/20210514/ Despite the bullshit narratives, ETH has no independant value in itself but can only appreciate when BTC goes on a bullrun and carries it higher. - No real appreciation in BTC bear market from 2015-2016 - 1,000s% gain in 2017 BTC bullmarket - -92% in 2018-2020 BTC bear market - 900% gain in 2021 BTC bull market - -70% dump again in 2022-2023 BTC bear market - Touches 2021 ATH again in 2025 when BTC bull runs to $120K **XRP** > Nostro/Vostro, ODL, the Standard, Global Settlement Currency, MoneyGram, SWIFT, Japanese Banks Yet XRP price today is the same as it was 8 years ago in 2017. Almost a decade of dead money investing in it. https://coinmarketcap.com/historical/20171231/ Despite the bullshit narratives, XRP has no independent value in itself but can only appreciate when BTC goes on a bullrun and carries it higher. - -92% in BTC bear market from 2014-2016 - 1,000s% gain in 2017 BTC bullmarket - -92% in 2018-2020 BTC bear market - Modest rise in 2021 BTC bull market - Dump again in 2022-2023 BTC bear market - Touches 2018 ATH again in 2024 when BTC bull runs to $100K **LINK** > CCIP, CCID, VRF, CRE, SWIFT, Muh Town Crier will tell you the Truth, Hocus Pocus Oracles will serve you Truths from Golden Data Containers Yet LINK price today is the same as it was 5 years ago in 2020. Exactly half a decade of dead money investing in it. https://coinmarketcap.com/historical/20200815/ Despite the bullshit narratives, LINK has no independent value in itself but can only appreciate when BTC goes on a bullrun - -$2 to $20 ATH in 2020 when BTC went from $4K to $12K bouncing off the Covid lows and into tge halvening pump - ATH of ~$50 in 2021 BTC bullrun - -90% in 2022 BTC bear market - Left behind ever since

jazz_king_seb

Fast settlement isn’t unique to Ripple. Legacy banking rails already use things like FedNow, RTGS, SWIFT gpi, and other instant-settlement networks. Cross-border settlement is still clunky, sure, but XRP isn’t the only or even the dominant solution being adopted. And that “300 banks” line mostly refers to old RippleNet pilots, not banks actually using XRP as a bridge asset. Governments also aren’t about to rebuild global finance around a private company’s token when stablecoins and upcoming CBDCs can settle instantly on multiple chains without exposing anyone to a volatile asset. Hype Ripple all you want, but that doesn’t make it the inevitable future of global finance. If you’ve got actual data showing meaningful adoption of XRP liquidity, not just partnerships, then post it. Calling people “low IQ” just makes the argument weaker.

DrySea8638

They wouldn’t. They may have tested it as a proof of concept but I would guarantee SWIFT will be developing their own tech instead of using XRP.

biba8163

Reminder that the Use Cases, Utility and entire investment thesis of your favorite Alt is entirely fictional. A bear market always reveals all these Alt Narratives as pure bullshit. Alts only appreciate when BTC runs and brings money into the crypto market. BTC itself is a speculative asset with the narrative of digital gold. Alts are double speculative and need BTC to go up and then hope that BTC carries it along. They have no independent value in and of themselves. 12 years of data prove this fact. Denial will be a blood red river of tears of Alt Bagholders in a Bear Market. **ETH** > DAOs (Decentralized Autonomous Organizations will be the corporations of the future), Triple Halving, Supply Crunch, DeFi (Decentralized Finance will replace Traditional Finance), RWA, muh Institutions, the Plumbing of WallStreet.... Yet ETH price today is the same as May 2021. 4 1/2 years. Almost half a decade of dead money investing in it. https://coinmarketcap.com/historical/20210514/ Despite the bullshit narratives, ETH has no independant value in itself but can only appreciate when BTC goes on a bullrun and carries it higher. - No real appreciation in BTC bear market from 2015-2016 - 1,000s% gain in 2017 BTC bullmarket - -92% in 2018-2020 BTC bear market - 900% gain in 2021 BTC bull market - -70% dump again in 2022-2023 BTC bear market - Touches 2021 ATH again in 2025 when BTC bull runs to $120K **XRP** > Nostro/Vostro, ODL, the Standard, Global Settlement Currency, MoneyGram, SWIFT, Japanese Banks Yet XRP price today is the same as it was 8 years ago in 2017. Almost a decade of dead money investing in it. https://coinmarketcap.com/historical/20171231/ Despite the bullshit narratives, XRP has no independent value in itself but can only appreciate when BTC goes on a bullrun and carries it higher. - -92% in BTC bear market from 2014-2016 - 1,000s% gain in 2017 BTC bullmarket - -92% in 2018-2020 BTC bear market - Modest rise in 2021 BTC bull market - Dump again in 2022-2023 BTC bear market - Touches 2018 ATH again in 2024 when BTC bull runs to $100K **LINK** > CCIP, CCID, VRF, CRED, SWIFT, Muh Town Crier will tell you the Truth, Hocus Pocus Oracles will serve you from Golden Data Containers Yet LINK price today is the same as it was 5 years ago in 2020. Exactly half a decade of dead money investing in it. https://coinmarketcap.com/historical/20200815/ Despite the bullshit narratives, LINK has no independent value in itself but can only appreciate when BTC goes on a bullrun - -$2 to $20 ATH in 2020 when BTC went from $4K to $12K bouncing off the Covid lows and into tge halvening pump - ATH of ~$50 in 2021 BTC bullrun - -90% in 2022 BTC bear market - Left behind ever since

ecnecn

Most people that could explain why it is nonsense are already banned from r/XRP. But I start with one thing SWIFT replacement SWIFT is literally the Registration Authority for ISO 20022 Standard and ISO Standards Org. declared in their official FAQ that ISO 20022 for crypto is nonsense: Yet, XRP (bots?) followers will repeat weakly that ISO 20022 implementation will win the fictive XRP vs. SWIFT war - while as I said SWIFT itself is the official appointed RA for all banks and institutions that implemented ISO 20022. (A messaging protocol update). Another thing: Instant payments... EU introduced SEPA Instant Payment - all banking accounts in Germany are offering instant payments by the end of the year, most are already doing it. Sending, receiving, clearance, callback is a thing of few seconds now. I send money from bank A to bank B from a friend he has it in seconds and I have the confirmation in seconds. Other EU countries are introducing inter bank instant payments - other countries for their banks - then intra and inter country instant payment. This is in progress right now - there is no need for XRP.

SESHHHHHHHHHHHHHHHHH

The white paper and block size limit are the result of a team that included Satoshi. Whether it's different from the white paper or not, it still stands that the block size limit kneecaps bitcoins ability to function at scale. It cannot replace the dollar, or SWIFT in terms of transaction volume it's technically and physically impossible. The block size limit is likely never going to be changed and even if it did, it would cause a fork and Bitcoin would still be Bitcoin and dead in terms of a currency. If crypto ever replaces the dollar as the world's reserve currency it will likely be a CBDC.

Thats_Capricorn_isit

OP, You check into this “ SWIFT” system that everyone seems to be talking about

AskMeIfImAnOrange

I didn't say Chainlink didn't/wouldn't have Tradfi customers. However SWIFT is just a messaging platform, it doesn't move any money itself, that's a whole other kettle of fish. But actual trading of tokenised assets in terms of Tradfi exchanges, is where the big money is. I say 6 months because that is the timeframe for this all to become public. Well actually Q4, but I'm a pessimist. Imagine I don't get my info from carefully worded twitter posts.

AutoModerator

Post is by: BadgerHefty and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1os2nqw/xrp_holders_are_becoming_insufferable/ I swear some XRP holders are becoming unbearable at this point. Every day it’s the same thing… “XRP is going to ten thousand.” Based on what? A market cap that would break the laws of math and basic economics? It’s wild how many people think they’re going to get rich from a coin that would need to outgrow the entire global economy to hit their fantasy price targets. And the whole “It’s going to replace SWIFT” argument needs to rest. Banks using Ripple technology is not the same thing as banks buying and holding XRP. They use the network because it’s fast. They do not need to touch the coin to do that. It is like saying everyone who uses the internet must be buying shares of the cable company. Some people really need to hear this. If you want to make life changing money, get a job or build a business, stack real income, then put that into crypto. Stop waiting for XRP to teleport you into millionaire status. Hope is not a financial plan. I get being bullish. I get liking the project. But this cult level expectation that it will moon to a price that makes no sense is just embarrassing at this point. You will make more by learning new skills and raising your income than by praying for a coin to perform miracles. PS Ripple holds most of the coins. If the creator of Bitcoin held forty percent of the supply you all would be losing your minds. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Hidden5G

Tokens/blockchains that comply with ISO 20022. Let’s not forget..SWIFT’s self imposed hard deadline for ISO is nov22nd.

CoinMongerer

Good one... What is swift going to do when quantum comes along? Your insinuating that I'm crazy to think that Blockchain has the potential to take what swift does and then make it instant, and more convenient with 24/7 continuity. Can you elaborate please? Because ive gone through the Keeta Network whitepaper, and I've got a fairly firm understanding around the limitations associated with SWIFNet, SWIFT FIN, InterAct, and FileAct, particularly when it comes to quantum. SWIFT is a secure messaging network, not a payment protocol or cryptographic ledger. It doesn’t lean on public-key cryptography to secure consensus or authenticate transactions the way blockchains do — it relies on centralized, private network authentication, message formats (MT/MX), and secure communication channels between trusted institutions. SWIFT messages are transmitted over private, access-controlled networks. Each participating bank has its own cryptographic modules and internal security. Many banks still rely on legacy hardware and message gateways. SWIFT needs to be compatibile with all of this nonsense. Upgrading everyone’s cryptographic stack simultaneously is slow and expensive. Impractical you might say, especially when solutions already exist (like Ripple, or Keeta) that can patch that gap. I don't think what I'm saying is crazy, in fact I think it's grounded in reason. Like I made clear in my previous reply, nothing is certain, everything is potential, Keeta has lots of it.

Ikki_The_Phoenix

"People ACTUALLY NEED gold and real estate" Bruh, nobody needs gold. You can't eat it, live in it, or burn it for heat. It's a shiny metal that sits in vaults doing nothing. Its primary value is as a store of value and jewelry both driven by collective belief, not utility. Real estate has utility shelter, sure. But the investment value of real estate is speculation on future prices the same "next person paying more" dynamic you criticise BTC for 🥴 People buy investment properties they don't live in purely to sell later for profit. That's speculation, not "need" "They don't need useless code to make a transaction" Your bank account is code. Your credit card is code. Stock certificates are code. The entire modern financial system runs on "useless code." The difference is BTC code is transparent, auditable, and can't be changed by a CEO or politician and yeah, people do need censorship resistant transactions. Canadians who had bank accounts frozen for donating to truckers Russians who can't access SWIFT Argentinians watching their currency collapse anyone trying to send money internationally without paying 10% fees and waiting days you don't need it because you live in a stable country with a functioning banking system. Billions of people don't have that luxury. "Just because they aren't making more of it doesn't make it worth more" Scarcity + demand = value. This is basic economics. They're not making more Manhattan real estate either that's why it's expensive. Gold is valuable partially because we mine very little new supply relative to existing stock. Scarcity matters when there's demand. "Then why wouldn't the other ten million cryptos be worth the same?" Because they don't have BTC network effect first mover, most adoption security most hashpower, hardest to attack liquidity deepest markets globally Proven track record 15 years, survived everything there are ten million altcoins because any scammer can copy code. But they can't copy network effects, trust, or infrastructure. That's why BTC is 60%+ of crypto market cap while 99% of alts die. This is like asking "why isn't every search engine worth the same as Google?" Because network effects and adoption matter. "Most obvious bubble of all time inflated by president trump" BTC existed 15 years before Trump gave a shit about it. It survived the following scenarios: 2013 crash (down 80%) 2017 crash (down 84%) 2022 crash (down 77%) China banning it multiple times Mt. Gox collapse FTX collapse Endless "btc is dead" articles Trump launched meme coins in 2024 to 2025. BTC hit $69k in 2021 before he cared. You're confusing recent grift with a 15 year old asset. "Congrats on making his son rich lol" I don't own Trump coins. I own BTC. Trump's family grifting with shitcoins has nothing to do with BTC fundamentals just like Enron committing fraud didn't make all stocks worthless. Trump is a grifter using crypto for personal gain. That doesn't invalidate the concept of decentralised money any more than corrupt politicians using dollars makes fiat worthless. "Honestly not even worth arguing" Translation, "I have no actual rebuttals so I'll declare victory and leave." You haven't addressed the following. "Why inflation stealing purchasing power is good for savers" "Why trusting institutions with unlimited money printing is smart" "Why people in unstable countries shouldn't have financial alternatives" "Why a 15 year old network surviving multiple 80% crashes is a "bubble about to pop" You just keep repeating "it's useless code" while defending a system that's robbed you of 95% of your purchasing power over a century!! 🥴

CoinMongerer

No one is arguing that the messages get sent quickly - SWIFT is primarily a messaging network. But it's NOT A SETTLEMENT SYSTEM. When you send money internationally, SWIFT only sends the message; the actual transfer occurs through correspondent banks, often taking 2–5 business days. Crypto enable p2p settlement without intermediaries, no matter the time or what day of the week it is. SWIFT won't be rendered obsolete because of latency limitations on SWIFTNet, or SWIFT FIN, or InterAct, or FileAct. It will be rendered obsolete in the same way high street travel agents were, and video rental stores, and print news papers and magazines. It will be rendered obsolete because Blockchain presents a superior proposition from the perspective of convenience. It will also be forced to go in the not so distant future as there's no extensibility built into it's systems and protocols, and therefore it will be rendered completely useless once quantum computers running Shor’s algorithm break it's RSA-2048 or it's ECC; this will occur in minutes once the computers reach sufficient qubit stability and scale. Keeta Network is extensible to support additional cryptographic algorithms and can be migrated to fully support post-quantum cryptography (PQC), including deprecating all algorithms which are not post-quantum cryptography. Ultimately, none of us know what will happen in the future. Everything at this point is just potential. But if you ACTUALLY READ THE WHITEPAPERS, you'll see that Keeta has that in heaps.

blablubb0

We’ve been using USDC for freelance payouts across LATAM and Asia - it’s been way smoother than SWIFT. But accounting is a nightmare. How are you handling reconciliation and tax reporting?

blablubb0

We’ve been using USDC for freelance payouts across LATAM and Asia - it’s been way smoother than SWIFT. But accounting is a nightmare. How are you handling reconciliation and tax reporting?

Vegetable-Payment762

ngl, a “SWIFT chain” sounds wild until you remember it’s just banks upgrading their pipes Best Wallet makes routine sends and storage feel safer without extra hassle. if it’s private, cool, they get compliance and control. the real question is bridges, will they support moving tokenized stuff in and out safely, or is it locked inside. i want clean standards, human-readable intents, and audit trails that don’t leak everyone’s data. also, if they touch public networks, rate limits and fail-safes matter when things get spicy. i’ll keep my savings cold either way, but better rails could make fiat ramps and settlements less janky for normal folks. show me docs, not hype, and i’m listening

CryptoMemesLOL

You should research or ask questions before you throw attacks at things you don't understand. A simple Chatgpt question got me this in 5 seconds !! >That post captures a very common mistake: using the retail, consumer-facing crypto rails (Coinbase, Binance, etc.) instead of professional payment or off-ramp infrastructure built for freelancers, startups, or companies handling crypto payments. >They’re doing everything right except the part that actually matters: how they convert. >When you use exchanges like Coinbase/Kraken as an individual: >You pay retail spreads (1–2% hidden in the conversion). >Withdrawal and network fees add another 1–2%. >Bank transfers are slow because of legacy rails (ACH, SWIFT). >You lose optionality, you can’t hold stablecoins and spend them directly. >So yeah, 3–4% friction for moving “digital dollars” is nuts, but avoidable. >Here’s how pros, freelancers, and crypto-native companies actually do it: >1. Use a crypto-native payment processor >Platforms like: >BitPay, Request Finance, BitWage, Onramper, Transak Business, Uphold, Kraken Institutional, or USDC’s Circle Account Let you: >Receive USDC directly (no middleman wallet) >Auto-convert to fiat (USD, EUR, CAD) at interbank rates >Withdraw via Fedwire or SEPA (1 business day, minimal fees) >Typical cost: 0.1–0.3% total, not 4%. >2. Use a regulated fintech with crypto-friendly banking >If you’re in Canada, EU, or the US, look into: >Wert, Monerium, Kraken Bank (coming), Revolut Business, or Mercury + Circle integration These let you hold and send stablecoins like USDC as if they were cash — no conversion until you choose to off-ramp. >3. Peer-to-peer but automated (non-sketchy) >There are now P2P aggregators that automate the matching without meeting strangers: >Paxful (for stablecoins), Ramp Network, PayTrie (Canada), or Binance P2P Fees are <1%, instant settlement, and you stay in control of the wallet. > >4. For recurring freelance work >Use BitWage or Request Finance: >Create invoices in USDC or BTC >They handle FX conversion and deposits to your local bank >Transparent fee structure (\~0.5–1%) >Many Web3 companies use Request Finance for exactly this reason. >The Ideal Setup (for freelancers or small businesses) >Wallet: self-custody (e.g., Ledger or Metamask with a safe multi-chain wallet) Payment: Request Finance or BitWage (receive in USDC) Off-ramp: Circle Account or Kraken Pro (convert only when needed, at interbank rates) Bank: fintech that supports crypto cashouts (Mercury, Revolut, PayTrie, etc.) >That combo makes conversion: >Instant (same day) >Cheap (0.2–0.5%) >Non-custodial (you control funds until the last step)

ThriceHawk

I guess I've been seeing the opposite market sentiment (outside of the obvious macro downturn we've had). A lot of people are waking up to the BS from Ripple and seeing how TradFi is really building things out. They also released their Chainlink Reserve a couple months ago and have been buying ~$1 million in LINK weekly since then. The tokenomics are directly tied to Chainlink's usage. They have all of these partnerships/integrations, but those companies haven't scaled yet. Legislation is still pending and those companies are building out their plumbing. What happens when SWIFT, JP Morgan, Citi, Fidelity, etc. have moved to digital asset/stablecoin usage and it's all connected to Chainlink like we're currently seeing built? I'm betting more about what I'm seeing from an infrastructure/traditional finance perspective than short-term retail sentiment.

ThriceHawk

LINK. Partnered with SWIFT, the DTCC, JP Morgan, Citi, US Bank, Bank of America, Fidelity, Euroclear, BNP Paribas, SBI, UBS, Mastercard, Coinbase, the US Department of Commerce... Outside of BTC and ETH, it's the safest bet. No other project can list partnerships/integrations like the above.

pokering_de

ngl, a “SWIFT chain” sounds wild until you remember it’s just banks upgrading their pipes Best Wallet makes routine sends and storage feel safer without extra hassle. if it’s private, cool, they get compliance and control. the real question is bridges, will they support moving tokenized stuff in and out safely, or is it locked inside. i want clean standards, human-readable intents, and audit trails that don’t leak everyone’s data. also, if they touch public networks, rate limits and fail-safes matter when things get spicy. i’ll keep my savings cold either way, but better rails could make fiat ramps and settlements less janky for normal folks. show me docs, not hype, and i’m listening

therealwanderingTree

Linea is garbage and serves a different purpose, they are also YEARS away from anything workable, and the market knows it just look at its chart. Also people don't understand that SWIFT is HATED and now there is an alternative for the first time