SWIFT

binary_quasar

>fossil to a missile You have taco meat for a brain. Even if XRPL achieves what all of you dream of replacing SWIFT, Bitcoin would still be Bitcoin. It would still exist and be popular as an attractive investment even if that were the case. The public XRP token/blockchain will never have anything to do with SWIFT being replaced. Banks would create their own coin to not have to be beholden to Brad Garlictits before they ever used the XRPL. Oh, they already have because they would be literal idiots to use the XRPL https://www.jpmorgan.com/kinexys/index

defitradefi

Let’s end this XRP vs. Bitcoin debate right now. You can’t compare a fossil to a missile. Bitcoin is 15-year-old tech, outdated, slow, and hoarded by whales. XRP is a weaponized financial protocol, designed to move real money across the globe in seconds, not sit in a cold wallet waiting for someone to buy your bags. XRP just survived a 5-year regulatory assassination attempt by the SEC… and won. No other project in crypto history has been attacked harder and still come out stronger. While BTC maxis were screaming “store of value,” XRP was building partnerships with banks, payment networks, and global infrastructure. Bitcoin? It moves like a glacier, costs like a Western Union wire, and is controlled by a few dozen wallets. XRP? It settles in 3 seconds, costs less than a penny, and is used by banks and institutions in over 70 countries. Let’s talk facts: - XRP is now being tested in the Digital Euro pilot with the ECB - XRP has legal clarity. Bitcoin doesn’t even have that - XRP was built for utility. Bitcoin was built to HODL - XRP is integrating with real-world payment rails like SWIFT, VISA, and CBDCs - XRP’s on-chain utility is exploding now that it’s finally UNCHAINED Meanwhile, Bitcoin is propped up by hype cycles, whales, and nostalgia. It’s a luxury watch in a vault, not a payment network. And don’t even start with the “store of value” argument. XRP wasn’t meant to be digital gold. It was meant to replace SWIFT, not sit in cold storage hoping CNBC pumps your bags again. So let’s be real: XRP is David. Bitcoin is Goliath. Only difference? This time David has nukes.

JustStopppingBye

>SWIFT is just an archaic method for moving money in the modern era... but its ok - your going live in 2026 so its all good... keep us posted.. Swift doesn’t move money, it’s a messaging system 😂😂😂😂

JustStopppingBye

>SWIFT is just an archaic method for moving money in the modern era... but its ok - your going live in 2026 so its all good... keep us posted.. Swift doesn’t move money, it’s a messaging system 😂😂😂😂

mbate2305

you have the same pattern when you know you are wrong you start trying to deflect.... your mistaking me for someone else.. i have NEVER said XRP is needed for everything...go check my posts.. i rarely post about XRP... there is very little that SWIFT does instantaneously and cross border payments is one of the best examples its a dinosaur that is struggling to stay relevant you demonstrating how little you know about SWIFT again.. SWIFT is as quick as the banks it routes payment thru for cross border transactions - so the statement that SWIFT is instant is just pure wrong.. AML/fraud checks do not take days if the institution that is accepting and receiving the money have done their KYC checks - all banks / money transmitters HAVE to... it could takes days if its flagged (you are sending money to sanctioned listed companies or countries etc) but that has nothing todo with it .. SWIFT is just an archaic method for moving money in the modern era... but its ok - your going live in 2026 so its all good... keep us posted..

Petursinn

Let me just lay it out for you: 1. XRP was premined and shared between Ripple and its founders. 2. Holding XRP - You dont own a share in this company you defend, you own a token they made out of thin air 3. XRP is totally controlled by Ripple 4. Ripple runs a very dishonest marketing campaign and has done for years, making large claims of collaborations that dont exist 5. Ripple will never replace SWIFT, it cannot even handle the throughput or number of accounts needed for such a system. 6. You have been scammed by Ripple and you are a perfect example of the sunk cost fallacy

JustStopppingBye

>you actually need help the way you communicate ... you are actually damaging the reputation of link with your continuous aggressive and confrontational style... nobody actually takes you seriously anymore due to the way you communicate Hahahahahahaha says the community that thinks XRP is “Le special tech” that every bank needs but doesn’t actually want to use lol >try sending a cross border payment via SWIFT - see how instantaneous that is - and NO whatever you will bleat on about that was done with SWIFT (project Guradian) WILL NOT change that - the block chain confirmation of the asset sale/redemption might be instant but the FIAT leg of that use case you keep quoting goes over EXISTING SWIFT rails with the existing use of correspondent banking that is the inherent problem with SWIFT for this type of payment, its SLOW - its precisely the reason why XRP, XLM and others exist... Yes the Swift messaging system is instant, it’s literally just a message sent to a bank lol the underlying processes of sending and receiving money involve multiple steps, like anti-fraud and anti-money laundering checks which takes days. I love how you guys gaslight this board into thinking it can’t be done because XRP is needed but they publish reports saying it was successfully done without xrp hahaha

mbate2305

im posting this on the main thread as u/JustStopppingBye comments are already getting downvoted so people might not see this..... so posting here as the reply to his ranting.... lol you are so misinformed its almost not worth commenting any more as you dont listen even when you are wrong.... ..try sending a cross border payment via SWIFT - see how instantaneous that is - and NO whatever you will bleat on about that was done with SWIFT (project Guradian) WILL NOT change that - the block chain confirmation of the asset sale/redemption might be instant but the FIAT leg of that use case you keep quoting goes over EXISTING SWIFT rails with the existing use of correspondent banking that is the inherent problem with SWIFT for this type of payment, its SLOW - its precisely the reason why XRP, XLM and others exist... you actually need help the way you communicate ... you are actually damaging the reputation of link with your continuous aggressive and confrontational style... nobody actually takes you seriously anymore due to the way you communicate

mbate2305

lol you are so misinformed its almost not worth commenting any more as you dont listen even when you are wrong.... ..try sending a cross border payment via SWIFT - see how instantaneous that is - its precisely the reason why XRP, XLM and others exist... you actually need help the way you communicate ... you are actually damaging the reputation of link with your continuous aggressive and confrontational style... nobody actually takes you seriously anymore ..

Cat-a-mount

My goodness. The problem with Reddit is that so many people consider their opinions facts and then they consider other people that don't see their opinions as facts as idiots. Yes there can be things that compete with it. But it's in a completely different space than everything else because it specifically intended for cross border financial exchanges. And they'll add on as many bells and whistles as they can of course. The current system they're trying to replace: SWIFT, is archaic and slow and expensive. We'll get how many investment banks actually support the ripple network. No one has a crystal ball but this is not a stupid bat and certainly no fact that it will go under. And I'm not part of any ripple community that you fantasize about apparently. I own a handful of crypto and I own a bunch of other stocks and whatever you think you know about me just shows how you jump to conclusions. I truly wish that I could find any place on Reddit where people conversed about stocks and respectful way. Because every single sub that I'm in has at least a third if not half the people trying to tell other people how fucking stupid they are while at the same time they are saying things that show how limited their own knowledge is. Maybe we need Reddit for assholes and Reddit for respectable.

Braviosa

I'd disagree. Institutions and Banks understand crypto much better than your average punter. Already we are seeing BTC disconnect from tech stocks and used to hedge against downturns. In the past people have just panic sold. Its institutional holders which are adding a layer of stability. We know that BTC can be hedged against recession, inflation, and deflation, but it took Institutions to demonstrate it. And on your other point... Banks could create their own alternative to SWIFT is ridiculous as they haven't 'til this point. A big player like HSBC telling all the other banks to use their new patented blockchain for transfers isn't going to fly - they actively want a neutral 3rd party provider and XRP has the most developed infrastructure (not to mention quite a few early buy-ins like every bank in Japan.) And 'no' XRP is not centralised, where are you getting all this disinformation from? Twitter?

cl3ft

The wall street traders don't understand crypto, they just want in on crypto action that reflects their understanding of finance. If banks want a true alternative to SWIFT, they'll make their own. They don't need to "buy" centralized XRP.

Braviosa

Crypto bros hate XRP, but the Wall Street traders are all over it. When you see a stock stuck in a consolidation pattern for 7 years whilst facing price suppression from legal threats (in this case the SEC) they tend to skyrocket. It's up 500% already and will likely hit 15c -25c this cycle. The charts of XRP's recent progression are like a textbook price surges, it's a very rare occurrence. I guarantee any Wall Street trader you show that chart to, will invest in it. XRP also is being used for real world utility (cross border transactions from banks). If it takes even 5% of the SWIFT $24T/day market (SWIFT is notoriously slow, and expensive for international transactions), we can expect early bitcoin-like gains.

JustStopppingBye

>I really would love to see them take a bite out of SWIFT over the next 3-5 years. Keep dreaming. Swift is a cooperative, owned and run by the top central banks. Giving up Swift is giving up compliance. Not going to happen. It’s truly amazing how people believe this crap because they think their shitcoin is special. Swift adopted to blockchain through chainlink and they’ve been publicly talking about it since 2023. Theyve been aware of chainlink [since at least 2015](https://youtu.be/NG5kcgCJLpc?si=i4lz1Ok3GccLm5M6t=137s) [1](https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems) [2](https://www.swift.com/news-events/news/swift-explores-blockchain-interoperability-remove-friction-tokenised-asset-settlement) [3](https://pages.chain.link/hubfs/e/transforming-asset-servicing.pdf)

Cat-a-mount

Oh my god that's exciting news! After bitcoin, XRP is my next biggest stash. I really would love to see them take a bite out of SWIFT over the next 3-5 years. The fact that Garlinghouse is rubbing elbows with these people is very very good. Next week is crypto week isn't it? As branded by tangerine head? I bet he does things in Congress does things that will spike crypto over this week like signing a bunch of bills maybe adding some executive orders. Obviously TRMP has been accumulating a ton of crypto. So when everything has a great big pop next week I expect them to ride that wave till it's crest and then sell at the highest point and then buy back after it takes its first drop. So I am doing the same.

mbate2305

what is it with you and your sad obsession with XRP? *"Looks like xrp may have just been used to gain liquidity to get their operations up n running."* guess what you LINK holders (yeah im one of them) have been doing. yeah thats right funding Sergeys powerpoint team... node operators and founders pockets ... hilarious i would say take a look at "your" own posts to sense check ridiculous claims on SWIFT... you wrote the book buddy...

Lurcher_A

transacting phone to phone is essentially using digital representations of fiat. Dlt's will make this faster, safer. As for 3rd world, some huge international money corridors are people sending money home to family in 3rd world countries (Philippines etc). Crypto will make this faster and safer and trackable. Five or so year ago I tried sending $200 to a friend in Russia via my bank. When it hadn't arrived in a fortnight I contacted my bank, and they agreed to track it down for a $20 fee (I think it was). When they finally found it there was only $120 left, and they couldn't entirely work out where the other 40% had gone, nor retrieve it. Thankyou SWIFT. Twenty year ago I had similar problems buying amber from Ukraine, could never tell how much money would get through, though the Russian episode was the worst. Crypto/dlt will change all of that.

Scotty415

Um...because there's been a plethora of recent official partnerships with major banks and financial institutes, where they've been announcing they're using Chainlink's tech, with many of the news stories posted on this very subreddit. i.e. SWIFT, DTCC, Euroclear, Fidelity, Mastercard, JP Morgan, just to name a few. Again, all official announcements from the institutes themselves that each have Trillions worth of AUM. I don't see Ripple mentioned *anywhere* in those official press releases. Show me an official announcement where Ripple has even a \*single\* partnership with a major financial player on the same level as the examples I just gave.

OkCantaloupe4959

Fucking christ. Read the fucking link from SWIFT I posted above.

OkCantaloupe4959

Unsure how your comment is remotely relevant to this conversation? Perhaps you should read the link from SWIFT's website?

qqAzo

SWIFT is the payment message system used between banks and it has a set of requirements to what information it must hold in various instruments.

JustStopppingBye

Don’t care. Chainlink is far more important and it’s not even close. Your community constantly lies about fake SWIFT and DTCC partnerships because that’s the only way to bait other clueless idiots into your cult. If xrp/ripple was actually delivering on real utility, you wouldn’t have to invent imaginary connections and recycled rumors from 2017.

OkCantaloupe4959

You are talking absolute nonsense. Firstly, no crypto is "ISO complaint". Whatever the fuck that means. >"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." Source: iso20022.org/faq Secondly, none of those projects will be able to "plug into" swift. Whatever the fuck that means. SWIFT has been working with chainlink for 7 years so be able perform blockchain interaction direct from existing SWIFT terminals. Source: https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems

Aconyminomicon

XRP has a use case for central banking. ETH has a use case of Defi slop, just like Solana. That is why their ETF's have been rejected, and HBAR/ALGO/XRP ETF's have been pending since november of last year. And in November all ISO tokens went 3-6x on just the announcement of the ETF application's, just imagine if HBAR or any other gets approval? It would be the second crypto ETF ever next to BTC. ETH is not ISO compliant, thus irrelevant in terms of future adoption. These other networks can plug right into the same infrastructure as SWIFT. ETH can not do that and never will. And ETH has had an ETF application for years and it is definitely not getting approved any time soon, just like Solana. Even ADA might get an ETF. Any exposure ETH has to the actual market outside of crypto is Defi based companies like Defi Technologies. ETH is becoming the AOL of crypto and Bitcoin is Microsoft lol.

freightdog5

it doesn't need to be shady people forget that the internet and the GPS are US military programs that turn out to be useful , maybe the US needed some payment system to get around SWIFT limitations. we will know when it get declassified maybe? one day? also why I believe it's US made because America would never let something like that to dominate the US market without it's control think what happened to Huawei

brianmonarch

ChatGPT says… ❌ False or Misleading Points: • “XRP cannot handle a single payment processor”: Completely false. Ripple’s XRP-powered solution, RippleNet with On-Demand Liquidity (ODL), is used by actual financial institutions for cross-border remittances, which is different from retail payments like Visa. RippleNet has processed billions of dollars in remittances, particularly in corridors like Mexico, Philippines, and Brazil. • Global Remittance vs Retail Payments: Comparing Visa (retail payments) to XRP (cross-border remittance infrastructure) is apples to oranges. XRP isn’t trying to replace Visa at the point-of-sale — it’s aiming to replace the outdated SWIFT/nostro-vostro system that banks use for cross-border money transfers. ⸻ 💡 Summary: The commenter is cherry-picking numbers and misrepresenting XRP’s purpose. XRP does not need to beat Visa’s TPS to be useful. It’s already faster and cheaper than traditional cross-border settlement options, which is the niche it targets

BlackjointnerD

Heres what your not understanding. Ripple becoming a bank ON TOP OF XRPL enforces the idea of everyone being there own bank. ♦️SWIFT is a gatekeeper. You build within it, under its conditions. ♦️XRPL is a toolbox. You build on top of it, without permission. In a world where programmable money, machine-to-machine commerce, and open finance are becoming the norm, rigid frameworks like SWIFT are starting to show their age. SWIFT requires you to conform to its global rules, integrate through complex APIs, clear compliance checks, and pay usage fees. Every message sent is part of a larger interbank choreography. You don’t touch the rails—you request permission to use them. It’s rigid. It’s slow. But it’s standardized. XRPL doesn’t impose rules about how to use it. You interact directly with the ledger via WebSocket or JSON-RPC, and build from scratch. It’s the closest thing to financial assembly language—lean, powerful, and yours to shape. Ripple is building a vertically integrated, blockchain-native alternative to SWIFT. Where SWIFT sends messages, Ripple moves money. For enterprises that value speed, transparency, programmability, and digital asset interoperability, Ripple's stack—especially when combined with XRPL primitives—offers a forward-facing infrastructure SWIFT can’t match. SWIFT uses ISO 20022 messaging, not a settlement platform. Its new messaging format, but still relies on correspondent banks and external settlement systems like CHIPS, TARGET2, or Fedwire to actually move money. Unlike SWIFT+ISO 20022, the XRP Ledger and RippleNet combine: •Instructions (messaging) •Routing logic •Liquidity sourcing •Final settlement on-ledger This eliminates the fragmentation between message and money, because settlement is native on XRPL. XRP isn't unlike anyform of asset or digital asset before it.. when viewed through the correct lens, is not just a digital asset, not just liquidity, and not just collateral — it is all three simultaneously. That composability is what sets it apart from anything that came before in traditional finance or even in earlier digital asset models like Bitcoin. ♦️ 1. Native Liquidity: • Globally transferable • Traded 24/7 • Final in 3–5 seconds • Nearly feeless It’s not just representing liquidity like fiat or securities — it is liquidity, in pure digital form, across any border or use case. ♦️2. Built-In Collateral: • XRP can be locked in escrows with programmable logic. • XRP can be used as bond, stake, or backing without intermediaries. • XRP can collateralize stablecoins, loans, or liquidity positions directly on-ledger. This is self-custodied, real-time collateral — not dependent on external trust or third-party clearing houses. ♦️3. Instant Settlement Layer Unlike SWIFT, Fedwire, or ACH: • XRP transactions are settled directly on the base layer. • No need for layered messaging or clearing. • No intermediaries to introduce cost, delay, or risk. It’s true atomic value transfer, which means it handles messaging, verification, liquidity sourcing, and settlement — all in one atomic step. Why This Is Unprecedented?? Traditional finance splits functions across multiple parties and systems: 1. Liquidity - Banks, Market Makers 2. Collateral - Custodians, Escrow Agents 3. Settlement - Clearing Houses, Central Banks 4. Messaging - SWIFT, ISO 20022 Ripple/XRPL does all in one: 1. Liquidity - Native in XRP itself 2. Collateral - Smart-locks on XRPL via escrows, hooks 3. Settlement - Built-in to XRPL ledger logic 4. Messaging - JSON/WebSocket native transactions XRP is unlike any digital asset before, It isn’t just a cryptocurrency. It’s a programmable, settlement-grade, liquidity instrument with built-in collateral functions. XRP is what happens when you collapse an entire financial stack into one asset on one protocol.🌐 Anyone anywhere on planet earth can right now open a node and participate in the network no questions asked. XRP cant be controlled by anyone on the network. It's not a issued asset. It's a native decentralized transparent fast settlement token. Like a gumball machine you put in a coin and take out whatever you want.

CryptoNerdSmacker

“Direct Access to U.S. Payment Systems A U.S. banking license would give Ripple: • Direct connectivity to the Fedwire, ACH, and SWIFT networks → Ripple can move RLUSD and fiat seamlessly. • Ability to hold deposits, issue loans, and clear payments in-house → not reliant on third-party correspondent banks.” This will translate to a boon of volume and liquidity on XRPL. XRP will probably get a nice price boost from this if it pans out.

CunningStunt_1

Speak for yourself. [SWIFT](https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems) [JP Morgan](https://decrypt.co/319744/jpmorgan-settles-first-tokenized-treasury-transaction-public-blockchain-chainlink-ondo-finance) [EUROCLEAR](https://www.finextra.com/pressarticle/102833/eurocler-and-swift-join-chainlink-ai-and-blockchain-initiative-for-corporate-actions)

Ok-Associate-8799

It's not popular for illicit activity. Never has been. Shit's traceable & public yo. Criminals don't like taking notes on criminal conspiracies lol. https://www.youtube.com/watch?v=pBdGOrcUEg8 Cash and banks are much better for moving money around illegally / secretly. Laws exist prohibiting countries from going after foreign banks. This is why **trillions** of USD in illicit activity (money laundering, human trafficking, drugs, blackmail, tax evasion, terrorist financing) flow through traditional banks. For comparison - 2024 estimate $3 trillion in illicit financial activity through traditional banking system. And estimated $40 billion through crypto. It's not comparable. That $40 billion also represents less than half a percent of all crypto transaction volume. Russia uses traditional financial flows for evading sanctions. Crypto represents an extremely small part of this evasion (although increasing). Or did you think China and India (or the US) are buying Russian oil with Doge coin? lol. Not all Russian banks are cut off from SWIFT. Russia also uses China's CIPS, as well as their own SPFS, as well as settling major resource trading in Rubles. North Korea is an outlier. It is (reportedly) using crypto in up to 50% of it's currency acquisitions. And uses crypto a lot to fund it's nuclear program. This is because North Korea has almost no integration into the global economy. So in this case, you are correct.

DarvasLivermore

Love the message here. We need more projects that stand for *something* — not just chasing liquidity with zero backbone. But let me offer you a parallel thought: There’s another project that just hit the crypto space with *real teeth* — and it’s not just culture-driven, it’s plugging directly into the world’s financial bloodstream. It’s called **WhiteRock** — built using **XRP Ledger tech**, integrated directly with **SWIFT (11,000+ banks)** and **VISA**. They're already tokenizing Tesla, Apple, Meta stock on-chain. 24/7 tradable. Not hypotheticals — it’s *live now*. Their native token is $WHITENET — think $ETH or $SOL, but laser-focused on powering the next generation of tokenized real-world assets. Not hype. Not vibes. Just pure execution. They’ve already raised over **$100M** in their Fair Token Launch. No VCs. No lockups. Just early public access and a damn clean shot at backing the tech layer of the next financial system. This week alone? $WHITENET is up **249%**, while the rest of the market bleeds. If you’re into projects that *don’t apologize*, don’t beg for approval, and are building a system parallel to the old guard — this one’s it. Here’s how to get in *before* listings: --- 🎯 **HOW TO JOIN THE $WHITENET FAIR LAUNCH:** 1. Go to the [**Official White Network Fair Token Launch**](https://network.whiterock.fi/contribute?ref=GAS) 2. The referral code `GAS` should auto-fill   → You **must** see “APPLIED” in green after hitting **Connect to-the-right** → If not, type it in manually — **no green = no bonus** 3. Use the **bottom Connect button** to complete your swap 4. Swap $ETH or $SOL for $WHITENET   (XRP support is coming soon) When you swap, you unlock: ✅ 5% instant bonus   💰 30% early contributor ref reward   🚀 Access before public listings --- This is how early adopters win. Not by waiting. Not by playing it safe. You want a movement with real-world power backing it? I think you’ll want to take a serious look at this one.

OderWieOderWatJunge

This is not the right place to ask. People here will tell you that your bank will be the first victim and so on. The truth is: Bitcoin's private keys use comparably weak encryption and the system is very slow to adapt. Until there's a proven quantum proof encryption to be implemented, your bank website and SWIFT will easily change to higher encryption standards. If we ever get a quantum computer with a real use case, Bitcoin will be the first victim. For now, though, that seems far off.

SuperTT2025

Thank you, that makes a lot of sense. I understand SWIFT between “first” and “second” countries can be slow — but in my case, the real concern isn’t the delay itself, it’s the lack of any traceability. Bitfinex changed the SWIFT code without notice, didn’t provide a UETR or MT103 despite multiple requests, and is completely non-transparent about where the funds actually are.

uncapchad

If Bitfinex has a licence to operate in your country, get hold of the regulator and/ombudsman. I come from what SWIFT(AML) deems to be a second country and I know that SWIFT transfers to and from 1st and second countries can take freaking forever though. So just on that, when people ask "why Bitcoin" this is why. - it takes a hundred and plenty years to get the simplest things done in tradfi, with 0 visibility

SuperTT2025

Yes, I completed every step they asked: my account was fully verified, and I clicked the confirmation link immediately after initiating the withdrawal. That’s not the issue. The real issue is that Bitfinex unilaterally changed the SWIFT code I provided (HSBCHKHHHKH – the official code listed by HSBC for receiving USD), and used BBDAHKHXTAR without my consent. Now, 19 days later, the funds are still missing, no UETR, no MT103, and no clear explanation. I’ve asked support multiple times for a tracking number. Each time, they deflect or avoid the question. This is not about me missing a step — this is about Bitfinex overriding user instructions and failing to provide transparency for a significant wire transfer. If you were in my position, you’d be asking the same questions.

SuperTT2025

You keep talking about theory. I’m talking about facts. Fact: Bitfinex claimed the wire was sent on June 12. Fact: HSBC HK has no record of it. Fact: There is no UETR, no MT103, and no trace. Fact: Bitfinex used a SWIFT code I never authorized. Fact: It’s been 19 days and still no refund and no resolution. So instead of trying to “educate” me on routing logic, maybe you can answer this: Where is the money? Because I don’t need a lecture — I need either my funds or proof of transfer.

acantril

\> The bank — not SWIFT — determines the correct code for receiving inbound wires. You clearly misunderstand how swift works. I'm done wasting my time trying to educate you.

SuperTT2025

The bank — not SWIFT — determines the correct code for receiving inbound wires. HSBC HK clearly lists HSBCHKHHHKH as the official SWIFT code for customer deposits. I followed that exactly. Bitfinex unilaterally changed it to BBDAHKHXTAR without consent, and now my funds are missing for 19 days — no UETR, no MT103, no trace. That’s the real issue. Not how many codes exist. Not routing theory. It’s about a platform overriding user instructions and losing funds with no accountability.

acantril

there is no "official code for HSBC HK" , any assigned by SWIFT are valid. HSBC are not the authority on swift codes for them or anyone else SWIFT assign them, the banks are the customers of swift in this scenario. I get that you're frustrated, but you misunderstand the system here.

SuperTT2025

You’re missing the point. I didn’t ask Bitfinex to “find a better SWIFT code” on my behalf. I explicitly provided HSBCHKHHHKH — the official SWIFT code for HSBC HK (confirmed by HSBC support). If Bitfinex changed it without authorization, they take full responsibility for routing failures. Also: • It’s been 19 days, and no UETR or MT103 has been provided. • HSBC confirmed they received nothing. • So where did the funds go? This isn’t about SWIFT theory. It’s about accountability. Crypto platforms cannot just override recipient banking details — especially when funds are missing and the customer is left in the dark.

SuperTT2025

The issue is not whether BBDAHKHXTAR exists — it’s that I never provided it. I clearly gave HSBCHKHHHKH, which is the official SWIFT code for HSBC Hong Kong, confirmed by HSBC customer support. If Bitfinex used another SWIFT code without my consent, then they’re accountable for the outcome. This is about traceability and compliance, not theoretical registry entries.

acantril

BBDAHKHXTAR is also a valid SWIFT code for international transfers for HSBC Hong Kong.

ThePlumKing

Because they’ve been sanctioned since they invaded Ukraine and have restrictions with regards to international banking. Look up the SWIFT act

bluefootedpig

Maybe look at it not as a thing for the common folk, but for big banks or countries. Not many people use the SWIFT system banks use for liquidity and stuff, but because of it, we can easily transfer money and make loans. So maybe banks are mainly holding it, and then can issue money / loans as a fractional reserve and rather than a fiat debt based society, we move to a btc debt based society.

biba8163

Are ISO-20022 Bagholders going to create a support group for gullible who fell for the ISO-20022 Meme? Every one of these shitcoins is down -40% to -60% from pumping off the ISO meme narrative in November to December. > "Those compliant with some sort of ISO are going to be the first ones adopted by institutions" > "Chainlink CRE being built using XRP, HBAR etc. That's the secret ingredient in this insane price action." (LINK -55%) > "Could this be some of the “tech” aspects of these crypto gaining value" > "It's about a new payment standard being built. Basically the new SWIFT" > "ISO 20022 is important for large scale adoption of digital currencies for large financial institutions" > "ISO20022 will make it easier and more efficient for large financial institutions and big companies to settle large remittances faster and more cost effectively" - XRP -40% - ADA -50% - XLM -50% - HBAR -60% - ALGO -66% https://np.reddit.com/r/CryptoCurrency/comments/1gu4pwb/are_the_iso_20022_coins_pumping/

RadiantWarden

It’s true that compliance is a big part of the delays but it’s not the whole story. A lot of the current infrastructure was built around messaging, not settlement. SWIFT is great for sending payment instructions but the actual movement of funds still relies on slow fragmented systems that weren’t designed for real time or 24/7 use. What’s happening now is that platforms are trying to combine compliance checks with instant settlement in the same flow instead of doing them one after the other. That’s where the next big shift is. It’s not just about oracles or data feeds anymore, it’s about who can actually move value under those compliance rules, not just signal them.

Awkward-Flight-20

I realized , everything is pegged to dollar Thus dollar isnt going anywhere, There isnt a stable commodity that it can peg too , and it is has no value. THus I am not sure how it will be used. Cross border remittancess is the ONLY good use for Stable coins (I as Cryto byitself is free fall. But if Banks adpot somehting NEWer than SWIFT , and bring the cost of the remittances to zero . Stable Coins have no Value. Even credit cards are a challenge to stable coins as its already in place with 2 - 3% charge. and they are widely used in cross border payments I treid investing, then I realixed it has its OWN ecosystem and Whales and their posse's , run the show, there is no value of certain things other than speculation . In FIAT , all the cost of printing. security is manged by respective GOVT and Banking systems, whereas in CRYPTO , the cost itself is close 25- 75000 USD , that isnt the value , as NOW you need electrciuty , computers and people to mange it , that is a COST - which means developers, miners are getting paid , but that isnt the VALUE one will pay later. Its a PONZI. it worked well for the Trumps or such , as it was bacy way to amass funding, which was denied/ Hard for them after first term. BUT GOOD LUCK OTHERWISE , FIAT is manged by GOVT's ( Fidicuary is part of Govt duty and reponsibility , as versus wonton capitalism ) , "in god we trust "

XapoBank

There may be another way... 👀 Totally hear you, this is exactly the kind of friction that motivated us to build Xapo Bank in the first place. We’re Bitcoiners ourselves, and we know how exhausting it can be dealing with traditional banks, especially when you’re moving larger amounts or living outside the major banking corridors. Constant freezes, unexplained holds, invasive calls, it’s why so many people are turning to crypto. At Xapo Bank, we do have rigorous onboarding, not gonna lie. But that’s *exactly* why we’re able to offer more freedom and flexibility once you’re in. We take the time upfront to understand your profile, activity, and how you move funds, so we’re not second-guessing every transaction later on. You get: • A full-reserve USD and Bitcoin account • BTC custody with no rehypothecation • Global payments via SWIFT, SEPA, Faster Payments & Lightning • A debit card you can use globally with no FX fees • Daily interest on both USD and BTC And most importantly, **we’re structured for people who actually use their Bitcoin**. This isn’t a “buy and hold and forget it” place. It’s built for active users, digital nomads, high-volume movers, and long-term thinkers. If you’re tired of banks not getting it, you might find we do. Happy to answer any questions you’ve got.

XapoBank

Fair question, and thanks for following up. The increase from $150 to $1,000 reflects how Xapo Bank has evolved from a niche offering into a premium service that combines regulated banking with dedicated Bitcoin features and international financial access. Remember we were a wallet first, we have come a long way from 2013. Membership now includes: • Access to a licensed private bank (full reserve) and a separate, regulated Bitcoin custody platform • Daily interest on USD (3.9% APY) and BTC (0.5% APY, up to 5 BTC) • A globally accepted debit card with no FX fees and up to 1% cashback in BTC • Institutional-grade BTC custody with no rehypothecation • USD, GBP, EUR, BTC transfers, via SWIFT, SEPA, Faster Payments, and Lightning • Borrowing against your Bitcoin (up to $1M) without needing to sell • 24/7 expert support and enhanced service for higher-net-worth clients Also, we have more products coming soon We understand it’s not for everyone, but for those who want both traditional and digital asset services in one place, built for long-term use, we’ve designed something unique. Always happy to answer more questions or hear feedback, we’re here to have the conversation, not avoid it.

in4life

You can buy things with it now and transfer any amount of money internationally for pennies avoiding the old SWIFT delay and all of the other issues there. I don’t think it needs to be anything you impulse buy Snickers bars with at checkout to be an invaluable tool. Lightning Network is the solution to that, however.

weiga

Again, just because you think small and maybe don't see the application in your own life, doesn't mean things aren't happening around you. Crypto transactions are already popular and sometimes the norm in certain parts of the world. When governments are corrupt or if your national currency is worthless, storing your income in crypto is a hedge against losing it all. Transfering funds between countries via Western Union has also decreased by over over 50% in the last 15 years. Why? Because people don't want to pay $50/transaction if there is a cheaper, faster and better way to do it. Technology never loses. People invest in crypto and stablecoins because we don't want to wait 1 to 2 weeks for international wires. We don't want to wait to deposit and access our money if there's no need for the delay. Why wait till Monday till the banks open? Why wait 3 business days for funds to clear via SWIFT? Everything on the blockchain or BlockDAG is done in real time, verified and its accessibility is 1000x faster compared to traditional finance. We're also moving into a world where AI and technology is advancing at a speed that we can't even comprehend. It'll soon come to a point where it's not humans assigning tasks to AI agents, but AI agents assigning simple-tasks to other AI agents across multiple companies thousands of times a day. If the AI agents need to pay these other third party AI agents for these transactions, do you think they're going to wait 3 to 5 days for traditional finance to clear, or send crypto where the tasks and transactions can both be cleared in real time? There is utility here - the blockchain is not just an imaginary place. It's a global ledger that anyone or any entity can verify and trust with zero-knowledge of the participants. Technology is why crypto has value. It's not because everyone is trying to play hot potato and seeing who ends up with it last.

Ghost_In_The_Ape

The whole space is a solution looking for a problem. Finance generally works on T+2 with SWIFT and other solutions that are amendable. There is no issue. ALTs are useless. BTC remains strong and is still possibly growing as faith in ALTs fails and more people turn to BTC. However I keep it in the realm of possibility that with zero utility aside from "line goes up" for BTC after all these years the house of cards could actually collapse when no one cares about even BTC. It could just be the last to fall when the buyers dry up. At that point I would expect a slow heat death when mining operations capitulate when they run at a loss. Even mentioning crypto in public is cringe. That's all you really need to know about it as an investment or replacement for finance. I work at a top 5 investment bank. No one cares about crypto as a tool. The President and Fed don't care. At best, some sort of investment product gets created, but that's it. You can do that with Coinbase.

jeremiahcp

I’m not going to argue whether SWIFT is a third party or not, I don’t really care. The point is, saying "XRP bad, banks no use third party" when banks have a long history of using third parties, is not a valid criticism of XRP. Banks will use a third party if it is more effective for them to do so. I am up for hearing valid criticism of XRP, but "it 3rd party, banks no use" is not one of them.

jeremiahcp

Banks already use third parties every day: SWIFT, correspondent banks, Visa, Mastercard, ACH, all of them are external systems banks don’t control, yet depend on for critical financial operations. Saying banks won’t use XRP because it’s a third party is like saying they wouldn’t use any payment network at all. The arugment doesn't make sense.

jeremiahcp

I don't see it as a stretch. That’s something you imagined on your own, and it has nothing to do with me. The goal of XRP is similar in concept to what Visa and Mastercard do, not for retail purchases, but for cross-border payments and liquidity. And if you don’t like that analogy, we can just look at ACH and SWIFT, both of which are also third-party systems that XRP aims to compete with.

TherealOPii

right at the same time that [SWIFT has announced doing LIVE TRIALS with crypto using the new ISO 20022 messaging standard tokenizing bonds](https://www.youtube.com/watch?v=k57LZuLrcTg) (about 5 min. timestamp) why isn't the crypto community even talking about this?

FruitBeef

Understanding the network from a technical pov doesn't help the average investor. Understanding the ins-and-outs of SWIFT doesn't really make much difference to the average asset-buyer. It's code. It makes sense, it's very understandable at a technical level. But that doesn't explain why it will become a X trillion dollar asset, or why it would be a good addition to a portfolio. Why does it beat the credit based fiat system, and is it even fathomable to think it will replace it? These are economic questions, not something you'd get from a whitepaper. I know you have limited time to make a post, but seems like your expertise was thrown by the wayside and instead understanding what a UTXO seems to be more important in your mind.

mm34505

Let’s say Bank of America wants to send $5 million to a client at Mizuho Bank in Japan. Right now, that payment has to jump through hoops: 1. Different systems: BofA uses the U.S. banking rails (like Fedwire or SWIFT); Mizuho runs on Japan’s domestic system (Zengin-Net). These systems don’t natively “talk” to each other. 2. Intermediary banks: The payment routes through 2–3 correspondent banks, each taking a fee, adding time, and increasing counterparty risk. 3. Pre-funded accounts (nostro/vostro): BofA may need to pre-fund yen in Japan days ahead of time, locking up capital and creating FX exposure. 4. Settlement delays: The transaction can take 1–3 days, even if it's “initiated” instantly. --- Now compare that to using XRP as a bridge: No pre-funded accounts Near-instant settlement (3–5 seconds) Global liquidity from a neutral asset Dramatic cost savings This is exactly the inefficiency XRP was designed to solve — not just for one bank, but for the entire global settlement layer.

Arismic

The level of overconfidence they had without realizing the surface was moving under them is staggering. There were no regulation talks or we are waiting for regulation speeches. They sounded as if everything was figured out and they had the ultimate solution. "My dream scenario is SWIFT makes a deal with Ripple where all their banks get to use RippleNet for free, maybe even paying SWIFT. Fits our XRP strategy perfectly" - Ripple CTO 2017 "That's too late to do us any good. Our XRP strategy can't wait that long" - Ripple CTO 2018

ecnecn

I wonder... if the multiverse theory is true... I wonder if there is a single parallel universe where XRP really replaced SWIFT etc. or all the multiverses filled with gullible people that invest their last $ 100 to $ 500 dollars and believe in some incredible miracle while consuming fabricated news.

mbate2305

Just because I'm a nice guy... here's a copy for your reference... read it and educate yourself.... newbie this is the link you should be sending me https://www.swift.com/news-events/news/live-trials-digital-asset-transactions-swift-start-2025 note the words.. trials.. pilots... and read and understand the scope/use case of whats been done. i go into more detail below. copy below from my previous post on the the blown up claims being made..... the reference to the experiment below is what you are referring to in your youtube reference. i'm not fudding I'm giving you facts... if you worked in tier 1 banks integrating with SWIFT and other payment infrastructure like i have for the last 15 years you might have some idea what the scope of the work with SWIFT is and what speed the banking world implements systems... Hes insinuating that...As many chainlink people seem to think that the entire world's payment traffic is going to use chainlink for everything. Yes chainlink have done some interesting stuff with these organisations... but the scale of what is being suggested is bananas... mainstream domestic payments in the SEPA world are already instant, the US is following with FedNOW, yes they're are plenty of cases for crypto in certain scenarios (cross border, liquidity, and other disjointed movement of money in the corporate world) but there is no need for crypto in domestic payments which is where most of the payments volume is...read the words i said VOLUME not VALUE As I have stated a few times I have a position in chainlink, they are recognized #1 Oracle, CCIP is very interesting but let's keep it to facts, chainlink is not going to run the entire financial system EVER and nor will ANY crypto just to add for the people who will downvote me as thats all you lot do on here when you dont shout your quadrillions message this is not FUD this is facts taken from the SWIFT paper and based on my knowledge of payments at a technical level for the last 15 years... the pilot as people have called it (SWIFT called it an experiment!) - link below https://www.swift.com/news-events/news/successful-blockchain-experiments-unlock-potential-tokenisation The use case described in the paper above is for a very narrow use case .. to answer 1 problem todo with a very specific corporate scenario - fund subscriptions - they are using specific MT messages (MT 543 Deliver Against Payment). MT messages are legacy SWIFT formats and very limited message types which the entire industry is trying to move away from (adopting ISO messages, ISO20022) . They are using a field (a narrative field) that was not designed to store token/digital information in it and would require a standards update to be actually adopted more widely.. this is all in the paper above before anyone tries to shoot me down so i am quoting facts quote verbatim from the SWIFT paper.. "These message types are largely suitable for the task but would require some additional blockchain data in a narrative field with custom codes. In a future standards update*, these elements could be formally captured in dedicated fields."* - its a small but interesting pilot only for a limited corporate use case - it validates some principles and CCIP is without doubt a powerful piece of the jigsaw that i would see other chains adopting widely..some already have.... - its using a messaging standard (MT) that is being retired and being replaced with ISO standards globally. The sese.023 is the ISO20022 equivalent message - i dont know why they didnt use that other than their experimental SDK probably works mainly with MT messages - its using that old MT messaging standard in a non standard way by putting data into a narrative field which is completely non standard and the whole point of ISO is to improve interoperability and standardization by sticking to the field definitions. This experiment breaks that principle. - there is no requirement for crypto to be involved in same currency domestic payments like EUR to EUR in the SEPA zone and USD to USD payments in the USA that will use existing rails to move money in under 10 seconds.. this is what SEPA instant and FedNOW is designed for. There is no problem for crypto solve for these payment use cases. This is where the largest volume of payment traffic is... SWIFT are desperate to stay relevant as they can see that some crypto solutions remove them from the picture entirely so they HAVE to be seen to be partnering with crypto and if that partner will integrate with SWIFT still then they will likely favour them. This is both a strength and a weakness for chainlink. time will tell...

Longjumping-Bonus723

They will save the banks millions of dollars of fees at cross borders transactions. Officials working for these kind of institutions states this on stage in panel discussion. SWIFT is very bad a long range transactions. Takes you a few days and a lot of fees because it goes through a few banks. If you use oracles you can do it very fast and very cheap. That's the business model.  https://www.bis.org/review/r241104k.pdf Page 2: UBS and Swift, in partnership with Chainlink, are collaborating on an end-to-end payment orchestration capability to automate fund subscription and redemption processes.

Exotic_Cantaloupe_96

• Avoid traditional payment processors like Visa, Mastercard, or banks. • Reduce fees from card networks or cross-border transfers. • Settle transactions in real-time without intermediaries. • Enable fast, cheap cross-border payments, bypassing the slow SWIFT system. • Serve customers in underbanked regions who have internet access but limited banking infrastructure. • Reduce foreign exchange costs and complexity. • Issuing their own stablecoin means they control the infrastructure, not just ride on top of it. • Build a closed-loop economy, like Amazon coins for use within its platform. Disclaimer: Yes, I used Ai and then checked and cleaned up the information to a shorter, concise list. I included only what i myself understand and see as logical.

Double-Risky

I mean anyone that's used SWIFT knows defi does it better, it just needs to be universally adopted. This is the issue though, where block chain technology itself does not necessarily equate to a particular crypto price going up.

251325132000

Please educate us about how the looming Japan deal, and how XRP will be in the crypto reserve, and how the escrow and burn rate work, and please don’t forget to mention it replacing SWIFT. Play all the XRPtard greatest hits!

Ornery-Tax9469

Yes & I’m saying once again that smaller banks and remittance services will use Ripple’s software to omit paying fees to intermediary banks. Why would they use SWIFT, when the other option is much much cheaper. It costs a lot of money in fees to transfer money along the banking network. If a small bank let’s say in Sweden wants to send to another small bank in Paraguay. The initial bank will have to first transfer the money to a big Swedish bank which is connected globally via SWIFT. Then that bank sends it to perhaps an even bigger European bank, which then sends it to a big bank in Paraguay, which then sends it to the small bank in Paraguay. Every step of the way costs money in fees, which the initial small bank has to pay. Which the costumer ends up paying. With Ripple’s software you can send directly between the 2 small banks. Skipping all the middle-men & the fee to send money will be astronomically lower for the costumer. Do you understand now why Ripple is a decent competitor to SWIFT? Big banks will of course try to cling into SWIFT, because the high fees earn them a lot of money. But smaller banks and services will choose the cheaper option & big banks will sooner or later have to find competitive alternatives or subscribe to Ripple’s software.

Ornery-Tax9469

Why would small banks & remittance services continue to pay fat intermediary fees to big banks(who use SWIFT) if they can send it directly and save money?

Ornery-Tax9469

Smaller banks use Swift through bigger banks. They need the bigger banks to facilitate the transfers. With Ripple’s software they can omit these middle-men who take fat fees to let them use them as intermediaries. Therefore they’ll still take up a bite of SWIFT’s marketshare. This will in turn lower transfer fees across all banks if bigger banks wish to stay competitive. And this is a good thing because sending money abroad is expensive as of right now.

CaptainRelevant

You completely missed the point, accused me of being in a cult, while consistently being uncivil while I’m just having a conversation. Pot, meet Kettle. My point, again, is that this market is not a winner-take-all. If Visa’s pilot program with SWIFT gets finalized and adopted, great. It doesn’t freeze out competitors like Ripple that are years ahead of it with a different digital asset solution in active use (albeit small) in ASEAN countries. SWIFT is ubiquitous, yes, but so was Yahoo.

CaptainRelevant

Why would a small bank like a Credit Union ever have a pre-funded nostro/vostro account of any sort? They don’t now; they contract with larger banks that do, which results in higher fees. For example, the University of South Florida Credit Union isn’t going to pre-fund banks with fiat or stable coins all over the world. They’ll just outsource their international transfers to Chase Manhattan Bank that does. That adds fees. Ripplenet literally does interbank messaging. That was the basis this sub constantly cited for discounting any partnerships Ripple had signed with banks for the past few years. This sub constantly parroted “It’s just Ripplenet, it’s not using XRP!” Ripplenet did the messaging, XRP was for settlement. You seem to think I’m saying Ripplenet will completely take over SWIFT (which I’m not), and then countering that SWIFT (and Link) will so completely dominate the market that no one will use Ripplenet? Again, Coke didn’t go out of business when Pepsi came out. These are two slightly different solutions for two slightly different problems.

ArrivalOk3799

Does it have utility. They say it does. Do banks currently need xrp with xCurrenr to send payments across borders? Nope. So the incentive to use xRapid to be just a little quicker and a mini fraction cheaper isn't big enough for me to warrant sticking in this investment. Now I've done MY Due Diligence in this matter and came to my own conclusions. I've even spoken to a bank manager about it and they didn't think xrp made any sense either. If systems like Windows can be upgraded as many times as it was to be faster and efficient, then why could SWIFT be upgraded? Makes no sense. But they're trying to sell people on that SWIFT can only be upgraded via a cryptocurrency token called xrp. I don't buy that banks would complicate their banking process even more incorporating crypto into things. Doesn't add up. 

IcyDragonFire

> There, a medium of exchange would be better than SWIFT.    This problem has been solved for centuries; one simply exchanges both coins to their closes affiliated major first, then exchanges the majors. So RWF to USD and SEK to EUR.   Dexes are going to provide unprecedentedly-low fees for all pairs.   Ripple adds nothing, and its marketing is basically a scam.    > I’ve been hearing that since 2017.    Stables were extremely esoteric back then. Now they're taking over both tradfi and defi - they'll crush xrp to the ground.

coinfeeds-bot

tldr; Ripple CEO Brad Garlinghouse, speaking at the XRP APEX 2025 event, projected that XRP could capture 14% of SWIFT's cross-border payment volume within five years by focusing on liquidity rather than messaging infrastructure. Ripple aims to challenge traditional financial systems by leveraging crypto-based liquidity solutions. The event also highlighted the potential for rapid growth in tokenized assets, positioning XRP as a key player in transforming global finance. Rumors of Ripple-SWIFT collaboration have also surfaced. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Longjumping-Bonus723

Absolutely undervalued. From a partnership, utility and uniqueness standpoint it should be TOP5... I hold a few LINK and won't sell. SWIFT+HBAR+DTCC hello? :-D

OkCantaloupe4959

Another retarded take from an AI slop website. Hbar and XRP will never connect directly to SWIFT. Chainlink connects to SWIFT and connects to everything else. https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems Post some evidence to support your view that isn't another window licking retard on twitter.

Acrobatic-Curve5303

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Blarghnog

No. It’s literally built to be a swift replacement and central control is baked into its core. In fact most of the early excitement about it was based on it supplanting SWIFT. It’s about as far from BTC as you can get in crypto.  I’m open to being wrong, but that’s how I see it.

Longjumping-Bonus723

DTCC and SWIFT officially working with Chainlink is all you need to know. It's happening. About 20 projects like Quant and Hedera are heavily working with banks already. Easy getting rich here in the next few years =D 

SlingshotGator77

You can tell XRP's narrative of being the token banks will use to transfer money is B.S. just by paying attention to what banks are actually announcing. Someone is building a blockchain version of SWIFT (w/ all the major banks) and going live this November (2025). This same group (not XRP) is also working with the DTCC to build a tokenized stock exchange this year. XRP is saying they are going to do this stuff, but the groups they say they are working with aren't saying the same thing. If you want to make money, don't just listen to Garlinghouse's words - look at the actions. They are dumping and buying back tokens to prop up the price because they own the majority of tokens, and focusing on stablecoins - NOT the XRP token. The work required to build a safe and performant international banking system is immense and they aren't putting in the work as you can see from a simple Google search on GitHub commits, and the fact that there isn't one credible article from anyone other than XRP stating they are using XRP - because it's simply not happening. If you want to invest in the project that is going to be the lifeblood of the new banking system, it's Chainlink - not XRP. You'd be better off selling your XRP now and switching over. JP Morgan [https://finance.yahoo.com/news/jp-morgan-unit-joins-forces-190157708.html](https://finance.yahoo.com/news/jp-morgan-unit-joins-forces-190157708.html) SWIFT [https://blog.chain.link/chainlink-banking-capital-markets-announcements/](https://blog.chain.link/chainlink-banking-capital-markets-announcements/) DTCC [https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink](https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink) Crypto Summit [https://www.forbes.com/sites/vipinbharathan/2025/03/09/real-world-assets-chainlink-at-the-crypto-summit-2025/](https://www.forbes.com/sites/vipinbharathan/2025/03/09/real-world-assets-chainlink-at-the-crypto-summit-2025/) (In comparison, XRP's big hope at the crypto summit was that they would be included in a "U.S. Strategic Reserve" which obviously didn't happen - and is unlikely to ever happen to a crypto currency that is not considered "digital gold". Nobody wants a reserve of a speculative coin. Bitcoin is likely to be the only coin fit for this purpose.) Now, there will be XRP fanboys that won't like to hear any of that but when it comes to making money it's much more profitable to invest in projects that are actually doing the work with the actual entities involved. Get mad or make money - your choice.

Key-Barnacle-4185

>Your mum won't need to know that she is interacting with Ethereum... Exactly. It's the same as, when people transfer money overseas with a bank transfer, people don't know they interact with SWIFT. frontend won't be crypto, backend can.

Dazzling_Cash_6790

There could be actually a reason to use XRP - for cross-border payments between different currencies. RLUSD is tied to USD, so for cross-border payments it would be required to have liquidity pools in the destination currency. This is no different than the current SWIFT overall system (Bank A in USA holds a nostro account in Bank B in Europe, and has it pre-funded with X amount of EUR in order to be able to settle transactions between USD and EUR). Ripple wouldn't have an advantage going down this road, probably only the faster transaction times (can this justify the costly replacement of the existing, established system globally?). Other than that - everything remains the same if RLUSD is to be used. Fees would still be high, pools of money would need to be "parked" in nostro accounts of external banks (which means they cannot be used for profit making or investment).

Acrobatic-Curve5303

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Substantial_Owl9556

There are lot of ways that you can benefit from using crypto. For this case, the benefits you can take advantage of making a crypto transfer (Peer-to-Peer or P2P) is that its almost instant and could be free (depends on how you choose to make this P2P, you need to ask the vendor. If its between the same platform it is usally free everywhere, but if you do a crypto transfer to another wallet/brand it'll cost a bit depending on each vendor). So responding your first answer, it'll have lower transfer fees or could be free, and as for the bank service fees it definitely would be hugely better (lower fees and faster transactions since you are not using SWIFT). I would say that my objective is to make some money since I'm trying to increase my investment portfolio (it's not so big in money amounts, but diversification matters). Since you are saying that she only needs to transfer the funds, if you want to use crypto, just use USDT (again, this is a type of cryptocurrency tagged as "stablecoin" since it's the equivalent of USD in "the real world"). Try sending the email with all your requirements, don't forget to ask for fees and transaction times. If it is possible, share with me their reply to have fresh information!

MajesticExperience46

BTC, ETH, SOL, maybe HBAR and CHAINLINK. Bitcoin has shown to be a store of wealth and climbs steadily year over year. HBAR and CHAIN because they’re working on cross border payments/SWIFT system. ETH because of the influx of RWA tokenization (billions entering right more). And Solana for the gamble only. It’s super volatile but you can def make money from its moves. My own two cents though.

Cowboy_Auctioneer

Chainlink is a defi protocol and without it, the entire crypto industry is set back several years if not a decade with how many projects rely on it. On top of that, SWIFT is inserting it into its own infrastructure along with the DTCC. The market hasn’t moved on, it’s just distracted. Also I think a lot of people underestimate how big a hit FTX was to retail investors. Hence why Bitcoin has been doing great as apposed to alts

Zestyclose-Shock2498

When considering the best cryptocurrency to invest in for 2025, **XRP** deserves renewed attention—especially after a recent $300 million vote of confidence from Nasdaq-listed AI firm **Webus International**. Webus, based in China and specializing in artificial intelligence, is allocating up to **$300 million in XRP reserves** to modernize cross-border payments. Their plan involves using XRP to power on-chain loyalty tokens, digital wallets, and real-time international B2B transactions—particularly for Chinese companies facing barriers in the global financial system. This move highlights XRP’s core strength: it offers **speed, low cost, and global accessibility**, especially in corridors where traditional banking solutions fall short. By leveraging **RippleNet’s liquidity services**, Webus will support payment corridors that have been traditionally underserved by SWIFT-based systems. But there’s more to the story. XRP is not designed for smart contracts or modular infrastructure. That’s why many forward-looking enterprises are pairing transactional cryptocurrencies with **scalable Layer-2 solutions**—and one standout in this category is **StratoVM**. StratoVM is a Bitcoin-native, EVM-compatible Layer-2 protocol focused on high-performance blockchain infrastructure. With lightning-fast finality, smart contract support, and seamless integration with AI applications, StratoVM provides the flexible architecture needed for companies building real-world crypto services. So, while **XRP** might be your best bet for investing in global remittance and payments infrastructure, **StratoVM** is an equally compelling choice if you believe the future lies in **AI-integrated, scalable blockchain solutions**. Both tokens represent different layers of Web3 evolution—XRP handles the money movement, and StratoVM powers the logic and scalability behind next-gen blockchain applications. If you're looking for exposure to the infrastructure of tomorrow’s decentralized economy, XRP and StratoVM could be two of the most strategic assets heading into 2025. Read the full analysis here: [https://www.binance.com/en/square/post/24932784383369](https://www.binance.com/en/square/post/24932784383369) \- Worth the read

SnooCapers9876

The follow conditions 1. Tariffs all gone 2. XRP vs SEC case totally cleared - most likely in June XRP APEX in Singapore 3. ISO20022 14 July 2025 4. Full banks implementation of ISO20022 probably in Nov 2025 5. XRPL based Stable Coins adoptions goes up, e.g. RLUSD, XSGD, USDB 6. Market improved after USA recovers from supply chain issues By end next year….other than China & its Digital Renmibi (e-RMB) there will be many other XRPL based stable coins (3-5 sec) for each country freeing up banks more foreign funds previously reserved for cross border payment under old SWIFT messaging system (3-5days) Small amount of XRP tokens (finite supply) will be burnt permanently for each XRPL transaction Over time XRP can increase in prices once adoption goes higher to improve liquidity per transaction XRP uses a fraction of the energy required per transaction (compared to Bitcoin) & there will be no more minting of XRP token The energy required to mint BTC token exponentially goes up over time causing wastage of energy to produce BTC instead of using on the population. BTC slow transaction makes it harder to do point of sales payment compared to other crypto XRP are well suited for point of sale transactions using crypto wallet apps when banks take over custody of crypto like exchanges after OCC allowed banks to behave like exchanges https://www.cointribune.com/en/occ-clears-us-banks-to-buy-sell-and-custody-crypto-with-third-party-support/ That means one final nail in the coffin- internet of value for XRP = online payment using XRPL based stable coins or XRP directly is possible in a few years time

dompatsos

I work in finance and i know that SWIFT and DTCC handle trillions of dollars a day. That doesn’t translate to trillions in market cap though - SWIFT is hard to value due to its structure and how it operates but DTCC for example has a market cap of around 5 billion…my point is volume does not translate to ‘value’. Claiming that Chainlink can reach a 10T!!! market cap is just spreading misinformation.

JustStopppingBye

>Do... do you think I am making it up? The articles claiming theyre working with DTCC and swift are making it up because ITS NOT AN OFFICIAL SOURCE FROM SWIFT OR DTCC. THIS IS AN OFFICIAL DTCC ANNOUNCEMENT [https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink](https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink) THIS IS AN OFFICIAL SWIFT ANNOUNCEMENT [https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems](https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems)

Status-Nose-7173

So HBAR is integrated with Chainlink, who is working with SWIFT? Seems everyone here agrees, not sure where your confusion is coming from buddy.

dak4f2

Tech Eats The Fed The plan is obvious. Trump and his Big Tech backers are here to take over the global financial system from commercial banks to central banks to SWIFT. The plan is to slowly but surely make the existing system irrelevant, usurping government control for their own. In 2025, the projected net interest income of the banking sector was US$632.11 billion. That will soon belong to the big tech industry. A parallel monetary system under private dynastic control is being set up, with Donald Trump at the helm, with the assistance of the American Congress. Congress is paving the way for Big Tech to print money and create their own global currencies by approving the GENIUS Act. This is all done under the tenuous and debated suggestion that stablecoins pegged to USD will reinforce the dollar. However, when these private monetary networks are established and entrenched, they will not only threaten the banking sector and the dollar but also threaten the political stability of states as a whole. After pushing back against the bill, 16 Democratic Senators flipped to help the bill pass cloture. The votes came from: Kirsten Gillibrand (D-NY), who co-sponsored the bill, Adam Schiff (D-CA), Angela Alsobrooks (D-MD), Mark Warner (D-VA), Ruben Gallego (D-AZ), John Fetterman (D-PA), Cory Booker (D-NJ), Catherine Cortez Masto (D-NV), Ben Ray Luján (D-NM), Elissa Slotkin (D-MI), Maggie Hassan (D-NH), Martin Heinrich (D-NM), Jon Ossoff (D-GA), Alex Padilla (D-CA), Jacky Rosen (D-NV), and Lisa Blunt Rochester (D-DE). While these Senators should be primaried for their complicity, there is some speculation as to why they flipped their votes. It has been reported that the chief of staff of Senator Gillibrand, the bills co-sponsor, invoked her role as chair of the campaign arm of the Democratic party going into 2026. This was done to suggest that campaign support could be tacitly linked to how senators voted on the bill. Gillibrand has long been an ally to the crypto industry, receiving over $217,000 in campaign support from Coinbase, Ripple, Uniswap Labs, Andreessen Horowitz, and dYdX Trading.2 Under our noses, big tech has purchased political access and used that political access to ascertain financial dominance. Slowly but surely, regulation has been undone, oversight has been dismantled, and regulation has been rolled back. All of the Ethics oversight bodies, from the SEC to the Office of Government Ethics, have been gutted, meaning there is no one to stop this. The independence of the Federal Reserve via Wilcox v Trump, citing Humphreys Executor v the United States) is being challenged3, and Trump has noted that conflict of interest laws do not apply to him and that he has broad immunity for official actions he takes as President.

CunningStunt_1

Chainlink. Already working with; - [SWIFT](https://www.swift.com/news-events/press-releases/swift-unlocks-potential-tokenisation-successful-blockchain-experiments). - [UBS](https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems) - [JP Morgan](https://fortune.com/crypto/2025/05/14/jpmorgan-chase-kinexys-digital-payments-ondo-chainlink/) - [DTCC](https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink) - [Euroclear](https://www.finextra.com/pressarticle/102833/eurocler-and-swift-join-chainlink-ai-and-blockchain-initiative-for-corporate-actions). Every bank will run it's own chain. This has been obvious for several years now.

JustStopppingBye

>There are 10 competitors now who all provide price feeds. And only price feeds lol Would you rather use the [wormhole](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03//Pyth) and [pyth](https://crypto.news/cetus-protocol-hack-sui-exploit-full-breakdown/set) up? lolT heyre also slowly losing market share. Pyth just lost a huge chunk now that chainlink CCIP went live on Solana. Chainlink controls 68% of DEFI and everyday they absorb more. [https://defillama.com/oracles](https://defillama.com/oracles) >Chainlink is basically pivoting out of being an oracle and is now focused on CCIP Wow thats a new argument ive never seen before. But yes becoming a middleware interoperability layer for the entire Web3 and enterprise blockchain ecosystem is a pivot LMAO!!! >CRE (which is interesting, but not really related to their core design. JP Morgan and DTCC finds it pretty neat. >I'm just objectively saying that they don't have revenue I think you mean profits. >I hope they do finalize their POC with SWIFT and actually build something cool. I think I provided enough evidence to prove this will happen. A [Swift.com](http://Swift.com) announcement followed up by a live interview of a Swift rep saying its going live.

theKtrain

Chainlink exists because it was the first good option and solved a problem. There are 10 competitors now who all provide price feeds. Chainlink is basically pivoting out of being an oracle and is now focused on CCIP (which I think has made $1.5m total?) and CRE (which is interesting, but not really related to their core design. You don't need to use an oracle to have an opinion, but it helps to get a wider understanding of the tech. I'm not worried about anyone, I'm just objectively saying that they don't have revenue, which I think you accept now. It's not really a statement about CL's value proposition in general. I hope they do finalize their POC with SWIFT and actually build something cool. I'm not the hater you may think!

JustStopppingBye

[https://youtu.be/Vce745hO4jg?si=UKwthmWDOy\_ucGl7&t=626](https://youtu.be/Vce745hO4jg?si=UKwthmWDOy_ucGl7&t=626) >As far as us hearing things multiple times, do you know how many times I’ve heard about their SWIFT partnership? Literally constantly since 2017, Only successful POCs with the largest bank messaging system while continuing to make [developments ](https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems)and the [announcement of from swift saying its going live end of 2025 lol ](https://youtu.be/Vce745hO4jg?si=UKwthmWDOy_ucGl7&t=626) >yet it’s produced nothing. Maybe it will, but the point im making is that it 100% hasn’t yet Coming from the guy who thinks Swift infrastructure changes can be rolled out in a few years of testing and development. To say nothing has happened is honestly laughable. If that’s the standard you’re applying to public blockchain development, then everything outside of Chainlink must be complete garbage. There’s a reason they were involved with the Genius Bill, their connections and influence in this space are real, whether people like you want to admit it or not.

theKtrain

You have no idea how many times I’ve heard a fanboy spout out unbacked positive claims about a project simply because they invested in it. Have you ever even used an oracle? I sincerely doubt it. As far as us hearing things multiple times, do you know how many times I’ve heard about their SWIFT partnership? Literally constantly since 2017, yet it’s produced nothing. Maybe it will, but the point im making is that it 100% hasn’t yet and Chainlink literally does not make money. If you disagree, feel free to analyze their revenue sources and pull some numbers to refute it. I’d love to see what numbers you’re looking at that give you the confidence to become so opinionated. Looking forward to this.

theKtrain

Buddy, they’ve been talking SWIFT since ICO in 2017. Regardless of if any of those integrations actually go through, they are not making any money. They have lost money for the last 8 years and have dumped tokens on their community to sustain. They don’t ’control’ defi. They offer an easily replicated service and have pivoted to CCIP (which also doesn’t make money).

_etherium

Where do chainlink oracles get their RWA data from? Oh wait, Bloomberg, NYSE, NASDAQ, etc. Everyone knows blockchains are all about disintermediation so as the real trading and settlement systems get closer to production ready, the participants will just cut out useless middlemen and pointless weak money tokens like LINK. These experiments with SWIFT, JPM, and DTCC are just knowledge transfer. Why recreate the old system when blockchains render them obsolete? I used to work with all 3 during their initial blockchain experiments and it's clear that they recognize this.

CaptainRelevant

>So no, I’m not saying XRP must become a CBDC Literally your first sentence in your post: “XRP ain’t getting adopted globally unless it becomes a CBDC” with a long post then explaining why it won’t become a CBDC. Some other odd points: >needs to give full access to the government Does Western Union, SWIFT, Zelle, Venmo, PayPal need to give full access to the government? Why would Ripplenet need to? >doesn’t have an ecosystem What is Ripplenet? >if you think price is going to go up just because people are buying it, your lying to yourself. Every single coin’s price in crypto right now is based simply on people buying it as a speculative bet. There is not one coin with demand from utility that is driving price. Everybody is at the roulette table hoping to bet on a coin that will one day have real utility that drives its price up. >calling out the actual use case Ripple built for it But you’ve ignored the actual institutions that are using it? Here’s some links to real banks and other institutions announcing they are using XRP (not just Ripple). This will in no way affect price because it’s a drop in the bucket. But it’s a start, and that’s what XRP buyers are betting on: [SBI Holdings and Ripple, are pleased to announce the launch of an international money transfer service using the crypto asset XRP for Bank Account Remittance Service to the Philippines, Vietnam and Indonesia from this month](https://www.remit.co.jp/en/kaigaisoukin/information/release20230906/?utm_source=chatgpt.com) [Wellgistics Health Secures $50M Credit Facility and Launches XRP-Powered Payment Initiative](https://www.globenewswire.com/news-release/2025/05/08/3077096/0/en/Wellgistics-Health-Secures-50M-Credit-Facility-and-Launches-XRP-Powered-Payment-Initiative.html) [By leveraging XRP as a bridge currency, SBI Remit is able to diminish the cost of pre-funding destination accounts. In addition, this has excellent scalability as money can be easily transferred to Ripple’s partners around the world. We believe that this will lead to strengthening our competitiveness in the international money transfer business.](https://cryptorank.io/news/feed/bf121-japans-sbi-confirms-xrp-use-for-international-remittance) No one that’s rational is expecting triple digits. $7-8 is realistic. I bought at $0.17 and am pretty happy so far.

biba8163

> backed by ex Google CEO Eric Schmidt who was an early investor in the company Eric Schmidt can't save shitcoins > *"Former Google CEO Eric Schmidt Joins Chainlink Labs as a Strategic Advisor"* (2021, LINK $20) > LINK doing the crab walk for most of the year despite having more utility than just about everything else in crypto is a head scratcher for me. It'll be nice when I'm only paying long-term cap gains on it down the road though. > Buy fundamentals, not price. Everyone is sleeping on LINK. Somehow no one even knows about Cross-Chain Interoperability Protocol (CCIP) > I wonder when the price suppression is realized by the wider market. In august we got SWIFT, Google, Amazon, Swisscom and so many other partnerships throughout this year that I honestly can't even remember all of them. 1000 project integrations, CCIP dropping this month and staking soon. > Buy fundamentals, not price. Everyone is sleeping on LINK > LINK is the definition of a sleeping giant https://np.reddit.com/r/CryptoCurrency/comments/rb2p2q/former_google_ceo_eric_schmidt_joins_chainlink/