SWIFT

Ok-Maintenance2034

completely wrong dude! And they were never going to take over swift fully! Again do your full research on what they are doing, They were in a lawsuit 5 years ago, institutions weren't givin the clarity they have now about what XRP is! Swift is so late to the game its not even funny and it wouldn't surprise me if they end up utilizing XRP anyway at times when chainlinks uses R3 and XRP... What was this big event 5 years ago to replace SWIFT? You think thats how it works? The legalities and rails are being setup globally now for a new finance system... Selling XRP right now would the most idiotic move ever lol.. Have you even looked at the data in South Korea recently? Japan? Have you seen the coiled up chart? ETFS just started...what do you think gave bitcoin its new alltime highs....the ETF money catches up... Xrp is heavily undervalued and its only going to grow and expand now that Crypto is being taken seriously by all of the institutions. Clarity act will be massive for Utility coins. if any thing stock up on more utility coins , dont sell them!

AutoModerator

Post is by: maverick_quant and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1r5h6uk/what_is_going_on_between_linea_and_swift/ SWIFT is the main messaging network between banks and I read that it chooses Linea (which I never heard before) over XRP for blockchain messaging pilot. Now, this is either huge news for an ultra small and new coin or it is a lie. The problem is that I cannot find any announcement about it from SWIFT. The only source is the CEO of Consensys which among other things has invested in Linea. The site of the project has no mention of the collaboration or the project. On the collaborations, it mentions Mastercard but not SWIFT. Consensys seems to be well funded and well connected but as every single crypto company has a number of questionable endeavors in its past. So, the question is, is it true and this is the most undervalued crypto project out there, or is it a false claim/ miscommunication and there is no collaboration between SWIFT and this extremely young and extremely small cryptocurrency called Linea? *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.*

sevbenup

Oh boy somebody doesn’t understand bitcoin. Does SWIFT make a profit? Not really it’s just a system people use. Does the internet make a profit? Not really, it’s not a single idea or place or entity. It’s just helpful to society.

CryptoCircle_

A clear real-world example of XRP adoption is its use by Ripple in cross-border payments. Financial institutions can use XRP as a bridge currency to move money between countries in seconds, reducing costs and eliminating the need for pre-funded accounts. Partners such as SBI Holdings and banks involved with Santander have explored or implemented Ripple’s payment technology to make international transfers faster and more efficient. One exemple is SBI Remit uses XRP (via Ripple) to send money from Japan to countries like Thailand and the Philippines. Money is converted to XRP / Sent across borders in seconds / Converted into local currency / Delivered almost instantly to the recipient Fast, cheap international transfers without traditional banking delays (like SWIFT).

Jealous_Astronomer13

Well there are plenty of reasons to be optimistic about Bitcoin’s future: 1. Global loss of trust in centralized financial systems in the setting of debt accumulation, money printing, and inflation. 2. AI and technological revolution requiring more digital means of wealth storage and transfer. Money transfers can’t be delayed over the weekend as it’s happening on SWIFT platforms. 3. Geopolitical factors- Bitcoin is a sanction-resistant commodity. 4. Ongoing global adoption by Wall Street and governments including the US - regulation of crypto commodity like stable coins is a big step. 5. Here I would just mention that BTC has the best monetary features out there - absolutely scarce, weightless, portable, decentralized, verifiable/secure.

Live_Jazz

It’s more like, me your own bank and your own Federal Reserve and your own ACH and your own SWIFT

CryptoDeepDive

As opposed to SWIFT that has been used by the Epstein class billionaires to launder money "legally" for child and human trafficking.

drod3333

When russians started using it after the US prohibited the use of SWIFT for transactions.

biba8163

generational bagholding > **$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/

throwawayainteasy

I mean, the new mBridge interbank transfer system China is building to replace the SWIFT network is pretty neat and built on blockchain. The tech is cool and useful. Sadly for lots here, though, BTC isn't vital to that utility.

biba8163

You really are the bizarro Warren Buffet who has a special talent for picking shitcoin scams > HBAR x LINK = THE NEW FINANCIAL WORLD IN 2030 > maybe XRP XLM ALGO XDC QUANT get a bite from that cake. https://np.reddit.com/r/Hedera/comments/1izhhgq/comment/mf8779j/ > Wrong. Just check the Chainlink YouTube channel for example if you want a glimpse of the future ;) Alts are coming for institutional use. I'm 100% sure about this. If you actually do your research you'll see hundreds of entities like banks, central banks, enterprises, regulators, governments etc. being involved in projects like LINK ALGO HBAR XDC Quant etc. =] https://np.reddit.com/r/CryptoCurrency/comments/1ldpfkk/comment/myf47ib/ > Trump bought Chainlink. Sergey Nazarov Co founder was at the crypto ball at white House. Chainlink is heavily working together with Banks and SWIFT to upgrade it. Also Headera founder Harmon and Garlinghouse from XRP there. I'd say watch out for these Cryptos: HBAR LINK XRP XLM ALGO. all US based and tied to institutional levels. :) > (Also watch out for ICP(Hedera partnership), Quant (UK), XDC(Singapore)). Just saying ;-) https://np.reddit.com/r/wallstreetbets/comments/1igzsyt/comment/maw5k1c/

AutoModerator

Post is by: Money-Background7430 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/XRPUnite/comments/1qp1r6e/the_new_silk_pattern_xrp_and_the_subtle/ The New Silk Road: XRP and the Subtle Demolition of the Dollar. By equiserrepe. While the paper dollar teeters by design, a new system of financial pipelines is emerging from San Francisco. Is XRP the lifeline or the Trojan horse of the new Trump era? For observers of the global financial system, January 27, 2026, will be marked as the day theory became infrastructure. With the launch of Ripple Treasury, a platform that amalgamates 40 years of technical expertise with the agility of blockchain, Ripple has not only launched a product; it has presented a functional alternative to the antiquated SWIFT system. The move is as timely as it is provocative. Currency as a Weapon In Washington, the air is thick with a deliberate paradox. The Trump administration has been unusually candid about its desire to devalue the greenback to revive American manufacturing. However, devaluing the world's reserve currency is a major undertaking. This is where the CLARITY Act comes in, whose vote this Thursday promises to grant digital assets the legal status that institutional capital demanded to enter the market en masse. The strategy appears to be: devalue the "paper dollar" to gain competitiveness, while building a "digital dollar" on private and efficient tracks. By officially recognizing XRP as a utility asset, the United States is not abandoning its hegemony; it is migrating it to a cryptographic cloud where velocity of circulation compensates for the loss of face value. Geopolitical Highlights: The Bridge to the East • The BRICS Alternative: Russia, leading the bloc that includes Brazil, India, China, and South Africa, has accelerated its search for an independent payment system. Reports from 2024 and 2025 confirm that the BRICS are exploring the use of XRP as a "bridge currency." The goal is to settle instant cross-border transactions without a single cent passing through the oversight of US correspondent banks. • The Asset Paradox: Although Ripple is a San Francisco-based company, the XRP asset is technologically decentralized. This autonomy allows Moscow to use the network without the company's approval, in the same way that the Bitcoin protocol is used, making XRP neutral territory in a financial war. • • Super Thursday Diplomacy: Rumors are circulating in the corridors of power about a "new diplomacy" from Trump. The CLARITY Act could be the tool to allow Russia access to regulated digital rails (like the XRPL) in exchange for concessions in peace or energy treaties. It's 21st-century Realpolitik: if you devalue the dollar, you need your adversaries to operate on a system that, although digital, you still oversee. • The Digital Ruble: Russia is planning the mass launch of its CBDC (Digital Ruble) by mid-2026. Experts point out that its architecture is "suspiciously compatible" with Ripple's technology, suggesting that the gold standard for central bank digital currencies has already been dictated from California. • The Digital Ruble: Russia is projecting the mass launch of its CBDC (Central Bank Digital Currency) by mid-2026. Experts note that its architecture is "suspiciously compatible" with Ripple's technology, suggesting that the gold standard for central bank digital currencies has already been dictated from California. The St. James Street Verdict "Super Thursday" isn't just about whether a token goes up or down a few cents. It's the verdict on who will control tomorrow's liquidity. If the CLARITY Act passes, Ripple will have achieved what seemed impossible: transforming an asset under legal siege into the gold standard of modern treasury. In the grand chess game between monetary devaluation and technological efficiency, the board seems to be tilting, finally, in favor of digital rails. *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.*

AdFast1121

Almost like you can't be based in America and call yourself 'SWIFT IMF killer"??? Turns out the feds don't really like that????

icnews10

ISO 20022 is just a messaging standard for financial institutions, not a blockchain or token endorsement, and SWIFT adopting it doesn’t imply that specific cryptocurrencies like XRP or HBAR will be used for settlement. Some projects align their narratives with payment infrastructure, but real adoption depends on regulation, bank incentives, and integration costs rather than technical compatibility alone.

Sailencesnew

I feel it's opposite while SWIFT mention many times they are building with consensys owned blockchain which is literally linea network

AutoModerator

Post is by: Tyrrhenus_ and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qo7mh8/swift_iso20222_xrp/ for starters, im not well versed jn crypto. my buddy has been telling me of SWIFT, ISO20022, HBAR, XRP are going to become the new middle ground for transfering currencies in the digital world or something. Could someone please give me a rundown on why they believe thats true or total bs? i'm looking to learn before actually investing. or could somebody point me in the right direction for the info? possible articles, videos, reasons why or why not its true/false and so on. thanks *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.*

Abject_Gift_4333

“Only way to send $100M (or $100) across the globe on a Sunday without asking permission.” Except it’s not. You can already do this with Wise, SWIFT gpi, SEPA Instant, RTP, crypto rails backed by actual banks, and yes even PayPal for normal humans. The “3–5 business days” thing is a 2009 meme. Real banks move real money globally every day, including weekends, if you’re not wiring from a dusty branch office in 1997. Also: permissionless just means “no one can stop you from fat-fingering a $100M transaction to the wrong address and vaporizing it forever.” Great feature. Really empowering. And the “no middleman” thing is hilarious when every actual Bitcoin user goes through: • Coinbase • Binance • Kraken • hardware wallets • custodians • stablecoins • bridges • Lightning hubs So you replaced banks with a stack of startups, plus irreversible transactions, plus higher fees, plus worse UX. Progress. “It’s the world’s only permissionless 24/7 settlement network.” Cool. It settles 7 transactions per second. Costs $5–$30 when the mempool sneezes. And your “final settlement” still waits 6 confirmations unless you like living dangerously. So yeah. It’s a scarce, censorship-resistant ledger that’s good for: • speculation • capital flight • ransomware • ideological flexing Which is fine. But pretending it’s a superior global payments system in 2026 is just performance art.

JustStopppingBye

Chatgpt pulling your source now? lol No body uses Algogrand lol. *As a result, Chainlink has quietly become embedded across both crypto-native and traditional financial institutions. The report pointed to adoption by organizations such as SWIFT, DTCC, JPMorgan, Visa, Mastercard, Fidelity, Franklin Templeton, Euroclear, and Deutsche Börse, among others.*

tornavec

Bank transfers are protected by manual approval steps and SWIFT messaging spread across independent systems. Just stealing a key won’t get you in.

spectral-cyber

For crypto-to-fiat transfers via ACH/SEPA from Jordan, look at platforms like Wise or Revolut, which already support crypto deposits on some flows and direct transfers to accounts without the hefty SWIFT fees. Payoneer is another option, strong for freelancers and multi-currency with decent ACH/SEPA withdrawals, though it does charge a conversion fee. If you frequently travel to Europe or the USA, Bitwala or Uphold are also good choices because they convert crypto to fiat quickly and use local bank rails, avoiding expensive intermediaries. However, check if Jordan is on their list of supported countries, as local regulations can complicate onboarding. Ultimately, Wise tends to have the lowest fees in the long run if you're moving medium volumes, but try them out with small amounts first to see the actual latency and fees on your specific route.

coinfeeds-bot

tldr; Binance has introduced direct USD withdrawals via the SWIFT network, facilitated by its Bahrain-based subsidiary, BPay Global. This service allows users to transfer funds to traditional bank accounts within zero to five business days. The initiative follows Binance's strategic efforts in the Middle East, including partnerships with local banks and regulatory compliance. The move aims to bridge cryptocurrency and traditional finance, enhance liquidity, and position Bahrain as a hub for regulated digital finance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

TwentyX4

Russia likes crypto because it allows them to get around the SWIFT system, which allows them to keep fighting in Ukraine.

Personal-Dev-Kit

As others have already said. This is usually done with art and "custom" vehicles where the regulating body has no way to confirm the value that you said you bought and sold it for. The trump family has launched several "crypto" coins. Each of them being systematically rug pulled. People have looked into where some if the big buyers are likely to be from, good thing about crypto is it is all public. Most of the big purchased of the coin where from wallets associated to non Americans, I'll let you guess the countries. Now Trump and his family don't need to justify why they received several million from Europe and the middle east, it was just another failed crypto project. It doesn't have to go throigh the SWIFT banking system that enforces Know Your Customer (KYC) especially on large transfers. If you are interested this is a really good explainer video from the motorbike channel FortNine of all places - https://youtu.be/6DGidXdWWQA They are using custom motorbikes but the same principle works for crypto

reptheanon

And that system (SWIFT) you describe has been weaponized to subjugate and overthrow democracies so you can have this favor back

FOMOmeterCrypto

Countries like Iran have used crypto for years, not as a rescue story but as a tool. Sanctions bypass, non-SWIFT settlement, state-controlled mining.

MajorAnamika

Not a week goes by without Ripple announcing a partnership with Amazon or Walmart or \*gasp\* SWIFT.

Xescure

Blockchain/DLT is the only piece of technology that can replace SWIFT. That’s the dangerous part where the continent can fall behind, not a “Bitcoin reserve” or memecoins

wmrsion

JPMD, or J.P. Morgan USD Deposit Token, is available on the Base network as a fully functional, production-grade deposit token for institutional clients, having transitioned past its initial pilot phase. It is considered a legitimate, albeit permissioned, form of digital currency within the regulated banking framework. [1, 2, 3] Key Details • Status: JPMD is an official, live product of J.P. Morgan's blockchain division, Kinexys, built on Base, the Ethereum Layer 2 network developed by Coinbase. While initially launched as a pilot and proof-of-concept in June 2025, it has since been officially rolled out for institutional use. • Nature: It is a digital representation of USD deposits held at J.P. Morgan on a 1:1 basis, meaning it is a direct bank liability, not a stablecoin backed by off-balance-sheet reserves. This structure allows it to operate within existing banking regulations and potentially be interest-bearing. • Access: Access is restricted to J.P. Morgan's institutional clients who have completed the bank's onboarding and compliance (KYC/AML) requirements. It is not available for retail users or the general public to freely use in open decentralized finance (DeFi) protocols. • Purpose: Its primary use is to enable near-instantaneous (24/7) on-chain settlement and payments for institutional transactions, significantly faster than traditional systems like ACH or SWIFT. • Legitimacy: JPMD operates under the oversight of banking regulators and fits within established regulatory frameworks, giving it a clear legal status that many stablecoins lack. The token is used for real-world financial operations by major institutions like Mastercard and Coinbase themselves. [1, 2, 3, 4, 5, 6, 7, 8] In short, JPMD is a legitimate, fully regulated, and live institutional digital currency that operates on the public Base blockchain, but is limited to authorized participants rather than being an open-access "currency" for the general public. [9] AI responses may include mistakes. [1] https://atomicwallet.io/academy/articles/what-is-jpmd [2] https://www.theblock.co/post/378493/jpmorgan-deposit-token-jpm-coin [3] https://www.thebulldog.law/jpmorgan-launches-jpm-coin-on-base-network-legal-implications-for-institutional-digital-assets [4] https://www.jpmorgan.com/payments/newsroom/kinexys-usd-digital-deposit-tokens [5] https://www.jpmorgan.com/payments/newsroom/jpm-coin-usd-deposit-token-institutional-clients [6] https://finance.yahoo.com/news/jpmorgan-brings-dollar-deposit-token-113748863.html [7] https://atomicwallet.io/academy/articles/what-is-jpmd [8] https://quasa.io/media/jpmorgan-launches-jpm-coin-on-base-bridging-traditional-finance-and-blockchain-with-yield-bearing-deposits [9] https://blog.base.org/jpmorgan-is-moving-onchain-on-base

raphaiki

What if I told you the greatest revolution of our time isn’t being fought with weapons, but with code? And that the very thing many dismiss as a “pyramid scheme” is, in fact, the most peaceful, censorship-resistant tool for human freedom ever created. Let’s talk about money. Real money. Not the debt-based kind we’re born into. For all of human history, moving value across distance required permission—from kings, banks, or governments. Genghis Khan, Alexander the Great, and Julius Caesar would have sacrificed empires for what we now have: Bitcoin. A monetary network where anyone, anywhere, can send value in minutes, without any authority able to block it. It is the first money in history that acts as a public utility—owned by no one, used by everyone, where every participant has an equal stake. This isn’t just about currency. Bitcoin is doing to finance what the Internet did to information. It decentralizes control. And just as the Internet dismantled media gatekeepers, Bitcoin and the blockchain protocols it inspired will dismantle financial and data gatekeepers. Think about what that means. Today, tech giants like Facebook and Google harvest your data to build trillion-dollar empires. AI companies vacuum up intellectual property and creative work without consent. We are the product, our lives the raw material. But imagine a future where data storage, video streaming, and AI models run on decentralized networks—like Bitcoin, but for data. Where you own your identity, your content, and get paid when it’s used. Where companies that profit from centralization become obsolete. This isn’t a utopian fantasy. It’s the logical endgame of a technology that removes intermediaries. Now, why does this feel so urgent? Because our current system is breaking—and it’s built on a foundation of perpetual debt and conflict. The US dollar isn’t really “public” money. It’s controlled by the Federal Reserve, a private banking system. Its global dominance stems from the petrodollar—the rule that oil must be sold in dollars. This creates a vicious cycle: governments need dollars, so they borrow from these private banks, pledging the productivity of their citizens as collateral. That’s why you have a National Insurance number or a Social Security number—you are the insurance against the national debt. This system demands growth in debt, and the most reliable engine for that is war. War destroys infrastructure (funded by loans), then requires rebuilding (funded by more loans). It burns oil, traded in dollars. From Saddam Hussein switching to euros, to Gaddafi proposing a gold-backed African currency, challenges to this dollar-debt-war machine have been met with devastating force. We live as debt slaves, chained not by iron, but by ledger entries, mostly oblivious to the prison. This is where Bitcoin changes everything. It is the escape hatch. It’s digital scarcity that cannot be inflated away. A network that operates via satellite, beyond internet shutdowns, making it resistant even to the chaos of a world war. At a time when the Doomsday Clock ticks closer to midnight, Bitcoin offers a system that doesn’t just survive conflict, but disincentivizes it, because it cannot be weaponized like the SWIFT network or seized like gold. The established powers know this. They see a future where their control over money—and thus over war, debt, and data—evaporates. The frantic push toward global conflict, the sudden funding of far-right populists, the simultaneous fires in Europe, the Middle East, and beyond—these are not accidents. They are the thrashing of a system that feels its monopoly slipping. But for the first time, we have the tool to opt out. Bitcoin is the blueprint for a world where value, data, and ultimately power are distributed, not centralized. Where money is a true public good, and your digital self is your own property. They call it a pyramid scheme because they fear what it truly is: a peaceful, unstoppable revolution. And it’s just getting started. The question isn’t whether you believe in Bitcoin. It’s whether you understand the system it’s replacing—and which prison you choose.

NewcastlePLchamps

What part of it looks rough? Since SWIFT announced they were going to utilize Consensys and LINEA, its price has underperformed XRP’s by >65%. P.s. stablecoins do not solve the same use case as XRP. If they did, Ripple wouldn’t undermine the value of their most valuable asset by creating one of their own

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.