SWIFT

sam-sung-sv

Sending money across the globe in few seconds, without the hassle of finding out the SWIFT, ABA, and routing number is a heck of a ground breaking technology.

Snoo-10598

Thank you. Exactly, and i am one amongst many SWIFT was banned in Syria so millions of workers abroad send money to their family to Syria thru bitcoin They still do today after swift was enabled, the fees are just not worth it :))

MH_75

LINK. Each bank will have its own stablecoin and LINK will link them all. SWIFT is integrating LINK into its infrastructure in November. 

ThriceHawk

BTC, ETH, and LINK. I'd mainly dollar cost average in to be safe. BTC - Obvious, clear king of crypto, not much explanation needed here. ETH - Powering the largest ecosystem of dApps, Smart Contracts, DeFi, etc... The foundation for web3 applications. Largest and most active developer community in crypto. Ethereum accounts for 60%+ of DeFi's TVL. Huge player in tradfi tokenized assets moving forward. Primary blockchain for stablecoins. LINK - Leading oracle provider, secures 80%+ of DeFi, and the bridge with traditional finance/real world data. Already partnered with JP Morgan, SWIFT, Citi, Fidelity, the DTCC, Coinbase, AAVE, Mastercard, BNP Paribas, BNY Melon, Euroclear, etc. Even the US Department of Commerce. Provides cross chain interoperability allowing tokenized assets and data to move seamlessly across 50+ blockchains, including Ethereum, Polygon, Solana, etc. Key enabler of tokenized assets, provides proof of reserves for stablecoins/securities, and data feeds for equities, ETF's, etc.

Thanis34

If you believe in XRP, then take the bet on Chainlink … it is where XRP wants to be and already has actual use/utility … even at SWIFT ;-) Market Cap has a LOT of headroom to grow as well. NFA, but I am astonished nobody is talking about Chainlink while almost every Exchange is already using it.

Worried-Low4580

Im sorry, are you trying to imply that if SWIFT goes down there is not an immediate impact to cross border payment/settlements between financial institutions?

pickleBoy2021

Society for Worldwide Interbank Financial Telecommunication. Last word in SWIFT. It’s a messaging service to communicate that you are moving money. For example, the Vatican has a swift number but they don’t move money on swift. They use it to relay secure messages then use SEPA to move money from the banks to the destination. Same as ACH in the US. There are trillion dollar distressed debt markets that don’t use Swift but fax machines for confirmation. Then money is moved between the banks. No single point of failure. Just old pipes like the plumbing in your town. Old and patchy and fragmented but not a single point.

Worried-Low4580

A single point of failure likeeeee SWIFT is today? 🤦🏻‍♂️

OhWiseWizard

Chainlink must be the most important crypto project right now, who is doing more actual partner integrations and onboarding at this point? They're critical infrastructure for every major app on every chain, the US gov, DTCC, SWIFT, JP Morgan, etc. Probably the least speculatively valued crypto in the market right now. Imagine when people wake up.

CaptainRelevant

Why do you think payments is an all-or-nothing proposition? If a bank uses Ripple’s ODL (which uses XRP), that doesn’t mean it’s exclusive. They could use software that chooses the cheapest method, transaction by transaction. Realist XRP holders are banking on XRP being *part* of banks’ payment solution, not dethroning SWIFT. This is a straw man argument.

CloudbaseJim

I agree that things will change, the same can be said about anything. I guess we differ on what is an acceptable level of risk in an investment. Im happy to have a punt and bootstrap a new project if there is some serious potential reward to match the level of risk. Xrp is neither new, undervalued, below the radar or has any kind of demand. Sure if, maybe but but but.... I'll listen to Occam and go with the obvious, simplest reasoning, Tom Zschach isn't threatened, SWIFT is safe

biba8163

> Fun fact: A comet smells like rotten eggs, urine, burning matches, and almonds. Most scientists say the closest comparison to this phenomenon on earth is the idea that tokens called XRP would be sold off to retail investors with the illusion that a digital bank drive-up tube is worth more than the money it transfers back and forth because there are only so many tokens in existence and everyone will want one because the banking systems of the world have been quietly making deals for over a decade to make XRP the replacement for SWIFT and the president is sleeping with Brad Garlicmouse. https://x.com/litecoin/status/1961431141908713935

Worried-Low4580

No problem, just sharing information for people to look up and make the decision that works best for them. Always up for constructive discussion/dialogue Pls note my response to the Qs are solely my opinion and are not professional advice or assessments. Q#1: Why don’t banks create their own That is a good observation, and one that is debated. From my perspective there needs to be a 3rd party (just like SWIFT is today) otherwise why would these top global banks use each others tech/guardrails? They are competitors. However depending on how Ripples national charter works out, one could argue the same for Ripple. It is my belief that they will not adopt traditional financial institutional services for retail and thus stay in the niche market of payments cross border etc. Q#2: how big of a discount Don’t know and don’t want to spread misinformation or mislead anyone. I do believe the waiving of the Bad Actor assignment of the SEC allows them to do this under specific circumstances without SEC registration. Here is a quick summary August 8, 2025, waiver of Ripple’s “bad actor” disqualification is key here, as it removes a prior barrier and allows Ripple to utilize exemptions like Rule 506 of Regulation D for private placements to accredited institutional investors (e.g., hedge funds, banks).  Under Reg D, such sales can be conducted without full SEC registration, provided they meet requirements like limited resale periods and no general solicitation.  Private placements under this framework often involve offering assets at a discount to market price to account for illiquidity or other factors, which could apply to XRP if structured as an investment contract

CloudbaseJim

Have you not been following what Tom Zschach Lead Technology Developer for SWIFT has to say?

Worried-Low4580

It’s okay, trust I don’t take these people personally/seriously 🤷🏻‍♂️ I’m not trying be an XRP fan boy here trying to shill. It’s all speculation and nobody knows, the question is whether you want to take the bet. In a general summary, it really all comes down to if you believe the banking sector will adopt it or not. Yes it has a large supply, why? Because this would essentially rewrite the rules of “letters of credit” within the banking industry with instantaneous payment/settlement. That is a massive game changer. Institutions would need to hoard the asset for operational utility and compliance. Considering the amount transferred on a daily basis. Just taking a sliver of SWIFTs market would be absolutely massive. And the truth is that SWIFT is outdated technology that they are now trying to catch up.

JustStopppingBye

\*yawn\* >*As this space develops, we continue to see more and more networks and platforms come to market, and as such, financial institutions will need the ability to interact across a variety of different chains.* ***Providers such as Chainlink are also advancing standards enabling interoperability across public and private blockchain networks.*** >*Asset servicing: an FMI priority With all of this transformation, the hope is that these new technologies can also begin to deliver real benefits in corporate actions and proxy voting, given that 13% of respondents in North America consider asset servicing automation to be a significant market change. As our previous reports have highlighted, the significant efforts by buy-side firms to drive automation in corporate actions and the renewed focus by both US and Canadian CSDs in this area is cause for optimism. The DTCC’s ongoing Corporate Actions Transformation is accelerating in 2025- 2026 and the CDS’s corporate actions group is due to publish its position paper in Q4 2025. I****n addition, both CSDs have continued to support SWIFT and Chainlink’s Project CALM41 (“Corporate Actions Language Model”, using GenAI and blockchain) to explore new efficiencies in event validation.***

GiveMeYourSmile

Thank you! I would also be grateful if you could help with these questions: 1. If I accept payment on self-custody, can I easily top up my Strike balance with these funds? 2.Is it possible to make a SWIFT transfer to other people's bank accounts? For example, as payment for services?

user_name_checks_out

Well in that case I would advise you to use SWIFT

GiveMeYourSmile

\> And that account is with Wise, correct? The company that won't do business with cryptocurrency exchanges? A Kraken account is a Kraken account, it is not affiliated with Wise, it has its own rules. We are talking about Kraken restrictions. \> Onesafe can't possibly solve this problem because its a cryptocurrency exchange. They offer withdrawal via SWIFT payments. If I can make transfers on behalf of my business to my personal accounts in Europe, then that solves my problem. That's why I'm looking into this service.

GiveMeYourSmile

As I wrote earlier: Kraken only allow Wire or ACH Transfer to my bank accounts within the US. SWIFT is not available for my account and support said it won't be available.

110010010011

>Correct. I don't plan to use Wise for crypto payments. According to the Onesafe website, they support Swift transfers. If you're going to use SWIFT to transfer fiat out of a crypto exchange anyway, just use Kraken. Why bother with some no-name startup like Onesafe? Use your Kraken documentation to show US cryptocurrency income. At that point, it shouldn't matter where the money is going.

mikusad

I choose Avalanche because it was around the same price range haha. The reason I was thinking about Chainlink maintly was its pretty consistent overtime from what I've seen and its pretty established in crypto-space. Also Chainlink has major partnerships with Google, SWIFT, Oracle and many DeFi projects and it made me think how overall it would probs not disappear lol.

GiveMeYourSmile

\> Could you try a different protocol to a local bank, or is your only business account on Wise? Kraken supports SWIFT to non-US accounts. I only have Wise at the moment, so I'm looking for crypto-friendly banking. Just for more context: I accept payments via BTCPay (self-custody) and therefore I need to convert cryptocurrency to fiat somewhere to be able to correctly register income in documents in my country. My LLC is registered in the US, so I can't create a non-US account for it anyway :) \> And if Wise doesn't support ach and wires from cryptocurrency exchanges, but somehow still support such transfers from onesafe, they will shut it down as soon as they discover that onesafe is an exchange. Correct. I don't plan to use Wise for crypto payments. According to the Onesafe website, they support Swift transfers. If I understand their description correctly, this service is an analog of Redotpay or Trustee Plus, but for business – that's what I'm looking for. But there are catastrophically few reviews, so I want to try to find at least someone who has already used their service)

110010010011

> they only allow Wire or ACH Transfer to my bank accounts within the US Could you try a different protocol to a local bank, or is your only business account on Wise? Kraken supports SWIFT to non-US accounts. And if Wise doesn't support each and wires from cryptocurrency exchanges, but somehow still support such transfers from onesafe, they will shut it down as soon as they discover that onesafe is an exchange.

Misher7

Uh. China, and now BRICS are usually bullion as a trade settlement currency. Read about how they’re opening bullion banks in HK, Riyadh etc. Plenty of central banks are acquiring it. Basically there’s a de-dollarization effort since SWIFT was weaponized against Russia. There’s a lot more to it but your post makes me think you and a bunch of others in their crypto / cult bubble are completely oblivious to what’s going on globally and the reworking of trade finance.

Alex040309

It seems you hold XRP and that’s ok but let’s not ignore the facts. It has been acting like a meme coin based on a strong community and hype. Luckily and lately has gained strong partnerships with the banking community but let’s not forget the majority of the supply it’s owned and controlled by Ripple, it’s an inflationary asset, it’s unique goal is to replace SWIFT which they won’t and there are projects like HBAR that’s faster and cheaper on TPS … those are facts buddy

ThriceHawk

SWIFT is using Chainlink to integrate blockchain with their existing payment systems for 11,500+ financial institutions across the globe. Interoperability, compliance, etc. JP Morgan is using Chainlink's CCIP to facilitate tokenized treasury transactions and enhancing payment settlement efficiency. Mastercard partnered with Chainlink to allow its 3 billion cardholders to purchase crypto on-chain, also using CCIP. The US Department of Commerce is using Chainlink to bring macroeconomic data on-chain, like GDP and inflation. Those are just a few, but there's also Fidelity, Coinbase, SBI, UBS, Euroclear, etc.

ThriceHawk

Not true at all. SWIFT is about to go into production with Chainlink. Mastercard uses Chainlink. The US Department of Commerce is going to use it. JP Morgan, Fidelity, Citi, UBS, Euroclear, etc. aren't just using it for no reason. Real utility is out there.

brandonholm

Most of the bitcoin that has been lost so far have been people being careless with it because it was essentially worthless when they first got it. Also people leaving it on sketchy exchanges as well. People who take the time to properly learn self custody will be fine and as it matures I’m sure we’ll see more competent custodial services (aka bitcoin banks) as well for people unable or unwilling to self custody their coins. Also the main blockchain base layer will not be used by most people in day to day transactions. It will become the settlement layer, much like what SWIFT is today. Day to day transactions will happen on higher layers like the Lightning network or possibly other layers that haven’t even been developed yet.

AutoModerator

Post is by: Money-Background7430 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/XRP/comments/1n671he/news_swift_testing_xrp/ SWIFT began experimenting with blockchain technology in August ^ as part of efforts to modernize cross-border payments. The organization launched trials using Ripple's XRP Ledger and Hedera Hashgraph to test " whether they can operate alongside conventional banking systems. At the center of the project is ISO 20022, a new global messaging standard that will become mandatory across financial institutions from November 2025. *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.*

ThriceHawk

"XRP to acquire SWIFT." "SWIFT is integrating XRP." "Brad is on Trump's crypto council." "The US Department of Commerce isn't using XRP because XRP IS the government." "Tom Lee: XRP to create millionaires in the next 90 days." All of these are real tweets with thousands of likes. The last one, completely fake, posted just today with 1,200 likes. No, I don't believe in letting this stuff permeate in the crypto community. It should be called out and ridiculed.

IcyPossible7542

I read that SWIFT is testing XRP and HBAR? Is that false?

brandonholm

One I see frequently from XRP shills are that SWIFT and banks are going to use it, when that’s definitely not the case.

AutoModerator

Post is by: Current_Attention_92 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/XRP/comments/1n671he/news_swift_testing_xrp/ SWIFT began experimenting with blockchain technology in August ^ as part of efforts to modernize cross-border payments. The organization launched trials using Ripple's XRP Ledger and Hedera Hashgraph to test " whether they can operate alongside conventional banking systems. At the center of the project is ISO 20022, a new global messaging standard that will become mandatory across financial institutions from November 2025. *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.*

williamintent

[SWIFT Explores XRP and HBAR for Enhanced Cross-Border Payments](https://coininsight.info/swift-explores-xrp/)

williamintent

[SWIFT’s Ripple Trial Could Turn XRP Into the Backbone of Global Payments](https://www.ccn.com/news/crypto/swifts-ripple-trial-turn-xrp-backbone-global-payments/)

CaptainRelevant

And if you re-read this thread, you’ll see that I didn’t say that either. That’s where your bias put words in my mouth. I simply said that everyone was vaguely referencing ISO20022 which integrates crypto with traditional finance systems. You read into that, somehow, that I said “everyone will use it and it will be to the moon.” Now, since you’ve opened the door, I do think some developers will use it. Certainly Ripple’s ODL will. It will never replace SWIFT but it will nibble at its edges. You seem convinced no one will use it. Ok. So don’t buy any ISO 20022 compliant crypto. But you don’t know the future. If I listened to all the XRP haters I’d have never 17x’d my gains.

brandonholm

I’m not saying that SWIFT isn’t adopting ISO 20022, that’s clearly been planned for a long time. What they’re not adopting is XRP, that’s not going to happen. Also it states that exchanges or payment processors can use ISO 20022 messaging to facilitate interoperability with crypto networks, but it’s not something that’s going to happen automatically and it certainly isn’t being adopted by SWIFT.

CaptainRelevant

Read it again. The ISO integrate crypto with traditional finance systems, however blockchains themselves are not “inherently ISO20022 compliant.” That means they have to hard fork. Some chains have done so. XRP, XDC, Hbar, and a bunch of others are now ISO20022 compliant. The other half of your incorrect statement I didn’t address but will now. You said SWIFT wasn’t adopting it. [Here’s SWIFT’s own web page explaining how they’ve adopted it and are helping others to adopt it](https://www.swift.com/standards/iso-20022?utm_source=chatgpt.com).

brandonholm

Integrating ISO 20022 messaging to SWIFT doesn’t integrate crypto with it. ISO 20022 is just a messaging standard being adopted by SWIFT and other banking institutions. Just because a crypto like XRP or HBAR added support for the protocol, doesn’t mean SWIFT and other banks are going to use or integrate them. The people who believe this are unbelievably dense.

Bitchinfussincussin

SWIFT is just testing it IIRC. LINK is the only one that SWIFT has confirmed. Feel free to show me sources that don’t align with these comments

ThriceHawk

I see someone already responded, but just to reiterate, XRP is NOT being integrated into the SWIFT banking system. That is Chainlink (LINK). But this is a huge example of the problem people have with XRP. By far the most upvoted/popular posts regarding crypto that I see on social media are outright lies being spread to pump XRP. "XRP to acquire SWIFT!" (Not even possible, SWIFT is a consortium). "Brad is on the Trump crypto council!" (Not true). Just the other day, the US Department of Commerce announced they are using Chainlink, and to a lesser extent, Pyth, integrated with 10 other chains (none of them the XRPL). But XRP bros were saying things like, "This is just because the US Government is going to use XRP!" Um, what? 😂

brandonholm

XRP is absolutely not being integrated into the SWIFT system in November. Man the XRP army is good at spreading misinformation.

WeakEconomics8178

I’m hearing that ONDO is the most likely to join XRP integration with SWIFT

Educational_End_8358

This... XRP has laid the track. Come November when 20022 becomes the standard, it's a question of who gets on board the train, what works, what doesn't. I don't see any others with real world solutions for cross border transfers than XRP ledger. And then the fees are paid in fractional XRP. I can't not see a bank buying a "little" to keep on their books to cover transaction fees, while at the same time releases the literal $billion being kept stagnant for rostro/nostro reserves to cover SWIFT transfers. It's a big deal. Then the market decides the real value of the coin, and now you have banks also buying, so there is a lot of money sitting on the sidelines, prepping for the big show to begin. That's how I see it. For me it's a no brainer that will eventually flip the bitcoin market cap. I ran a report request through Gemini and Grok and they came to the same conclusion. The collective reserve requirements for SWIFT transfers worldwide is about $1.4-1.5 Trillion. If they could instantly verify wire transfers (on say....XRP), then they wouldn't need to carry those reserves that just sit there, doing nothing. So if they bought the coin that holds the key to that network, why wouldn't they just have reserves of that instead? Say 10% of what you would have had in cash reserves prior to the XRP ledger going live? That would total $150Billion if all banks did that. And who wouldn't? It makes financial sense. And, now that crypto is considered an "asset" legally, it can sit on a bank's balance sheet legitimately. What's not to like? So now, envision 1000 banks having this realization all at the same time....what would XRP be worth when that happens? To have an equivalent market cap (a poor measure for crypto valuation, really), then XRP would have to be worth about $15 a coin. Assuming 10% of banks start buying $150Billion in coin, and it DOESN'T cause a buying panic, then XRP market cap would merely double to $6 a coin, which still isn't bad. Now, consider if it DOES spark a feeding frenzy? Like sharks going after fresh meat? What would the price do then? Would Hodlers sell into the spike? Or hold on with bare knuckles like their lives depended on it? And this is only one use of XRP. It's literally a reserve digital currency, that can be used to buy stuff. Eventually I see it as a way to pay for groceries, because it's as fast as using a credit card. That's a big problem for bitcoin and ETH, plus the fees are terrible, by comparison. XRP is almost free....certainly cheaper than visa/mastercard fees at 3%. Then you have the transactions on the XRPLedger. You can use stablecoins or XRP itself. It's just like the Hawala system, only trustless (math doesn't need your trust), and near instant confirmation. So you have these train rails, and you want to send payment to the other side of the planet, like sending money to mom or family....it happens almost instantaneously, and almost for free....and its accepted anywhere because it has a connection to mom's local bank as a member of SWIFT, making that bank a member of the XRP ledger. Can you do that with Western Union? Payoneer maybe...but not all banks participate....but they WILL with the 20022 requirements. And you can do it from an app on your phone, so it's convenient. People will get used to crypto payments. Most people don't even have a crypto wallet, so you're still early. A network has been built and tuned, and the train is getting ready to leave the station. Between now and November when it all goes "live." That's my take. Take it for what you will. If you have another coin that is this far along PLEASE tell me, because I'm not finding it. I'm looking at all of the current 20022 compliant coins, and XRP is by far the best connected of all of them. I think it could jump so quickly when it finally does, it will pull all of the other 20022 compliant coins up at the same time, just by halo effect....so I'm actually thinking of buying some Verge just for fun haha.

ThriceHawk

Agreed on the macro/micro distinction. Disagree on the rest. XRP isn't a scam... It does have actual utility. It's just that the banks didn't see value in that utility, so Ripple had to pivot to RLUSD. But 85%+ of that value (of which they aren't even a top 20 stablecoin) is going on Ethereum, not the XRPL or back to XRP holders. Yet only a small portion of holders are starting to come to this realization. XRP has developed a cult following in an already irrational market. So many were lead to believe in this mass institutional adoption or even complete takeover (see "XRP to replace SWIFT" talking point). Even yesterday with the US Department of Commerce news (using Chainlink to connect across 10 other chains but not XRP), the influencers are saying things like "The government didn't choose XRP, because XRP IS the government." 🙄

DarioBignamini

That’s true but it’s based on usage in international transactions. Potentially it can replace the SWIFT system. I’m not saying it will but there is some potential.

Rey_Mezcalero

SWIFT will use XRP!!!!😂😂😂

boringtired

I don’t even look. Seriously. I started with shit coins in 2017, that’s a roller coaster of emotions. This? What am I afraid of exactly? Maybe you could argue otherwise but I would remind you the premise of WHY BTC was created in the first place. Was not Satoshi Nakamoto infuriated with the financial system and all of its glorious imperfections? Look at the current state of the financial system. What does it look like to you? I have an orange man that Willy nilly has taxed the fuck out of a gajillion countries via tariffs. Blatantly has ignored the rule of law. Is now on top of that threatening to fire officials he has no authority to fire that have great responsibility over our current financial system (the Fed). The money printer was already fucked to begin with, ever since we depegged from gold and your fathers and mothers experienced 140% inflation over a decade. Where the fuck is it headed now? Like I’ve got more in my 401k then I do in BTC and I’m waaaaay more worried about the S & P 500 pegged to the printer then my BTC pegged to a deflationary supply. A deflationary supply that enables countries to enable transactions between one another regardless of whatever “financial embargo’s” via SWIFT. I have waaaay more confidence in BTC in a FIVE year outlook compared to whatever shit show this current administration is doing. I’m chilling bro, no sweat, diamond fucking hands. Even if it shits, this will be my 3rd “crypto winter” 🥶, I’ll stay warm tho stacking them sats when there’s actual blood in the streets 👏👏👏

thistimelineisweird

It's the same problem with accepting USD via SWIFT if you're a foreign bank- you're still stuck with USD on your books (or in this case a USD backed stablecoin) and need to figure out something to do with it. It's more or less a similar principle for any crypto used cross border, tbh. The biggest selling point is that they're not fiat tied to a particular country, yet still have liquidity backing like it was. So if the world coalesced around one at scale (the big question), then it's easy to move in and out without these conventional concerns no matter where you are or what local currency you operate in. At a certain point, this argument reads like "may not use crypto at all, regular banking is fine" which is kind of opposite of the point.

Agronopolopogis

!RemindMe 1 year XRP hit ATH just over a month ago. It's leveraged by several national banks at this point, being tested under SWIFT along with HBAR (also a solid buy), they've developed tons of international relationships, etc

evgeniy_pp

\- Bitcoin is a new form of money. \- Ethereum and its imitators (BNB, Solana, etc.) are virtual analogues of NYSE and NASDAQ, but for unregistered securities. \- All tokens on this platforms are plain unregistered securities. \- Ripple (XPR) is an analogue of SWIFT with bells and whistles. \- Stablecoins are virtual analogues of fiat.

opensandshuts

What major institutions are working with XRP? Chainlink is working with Mastercard, JP Morgan, ICE for FOREX markets (They also own the NYSE), and has run successful pilots with SWIFT (global org that coordinates cross border payments, and they also had a successful pilot with DTCC (The organization that handles the settlement and infrastructure for the US stock market). That's not even all of the institutions that they're already working with. Please for the love of God someone tell me what XRP is doing with institutions. I feel like I'm going crazy trying to understand why anyone is associating XRP x institutions, but I hear it all the time, just without a single iota of evidence.

ReversePsychologyDRR

Well most recently I read where SWIFT is considering using XRP or HBAR to integrate into their money transfer system who ever they use get at least 7,000 - 10,000 shares of HBAR while you can if not more, and have at least 6000 shares of XRP, the two of them are powerful but I would say XRP has deeper roots in the financial system and is broader globally network. Any thoughts on this perspective?

jdizzle512

Can you not read? This is from SWIFT.COM. Swift dot fucking com bro 2023 bro in the year of our lord two thousand and twenty three Swift: “Swift collaborated with several major financial institutions on the experiments, including Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX) and The Depository Trust & Clearing Corporation. Chainlink was used as an enterprise abstraction layer to securely connect the Swift network to the Ethereum Sepolia network, while Chainlink’s Cross-Chain Interoperability Protocol (CCIP) enabled complete interoperability between the source and destination blockchains.” https://www.swift.com/news-events/press-releases/swift-unlocks-potential-tokenisation-successful-blockchain-experiment

ThriceHawk

What major banks? The major banks aren't using Ripple, that's why people hate on it. It claims to be the bankers coin but isn't. Bank of America was the big one XRP fans always touted. Now BofA hasn't mentioned them in ~5 years, and are creating their own stablecoin. SWIFT is using Chainlink. JP Morgan, Citi, Fidelity, US Bank, BNY Melon, BNP Paribas, UBS, ANZ, on and on are using Chainlink. The NDA's have nothing to do with institutions using XRP. The 1,700 contracts were organized into 4 different categories in the report,none of which were institutions using XRP.

Slajso

I mean...old SWift will eventually be over, and "everyone" that will offer the same thing, only in a new way, will "take over", including SWIFT themselves that will offer the same "new thing". Instead of Swift only, we'll have X number of options, all waaaaaaaaaaaaaay better and more efficient than the "old system" that is still (mostly) used. So.....water is wet?

ThriceHawk

No other project outside of ETH has the adoption and partnerships of Chainlink. They are becoming the standard for the TradFi transition into blockchain... Partnered with SWIFT, JP Morgan, Fidelity, Mastercard, Citi, US Bank, Euroclear, the DTCC, Coimbase, BNY Melon, BNP Paribas, UBS, on and on... That's on top of already securing ~80% of DeFi and being critical for the already on-chain ecosystems. And they are working alongside the US government as they shape legislation. Chainlink's co-founder was present and shaking hands with the President as the GENIUS Act was signed. As these financial institutions build their L1 blockchains/stablecoins/tokenized assets, Chainlink is the critical infrastructure being adopted and we are seeing that with public, verified partnerships.

ThriceHawk

Quite aware... My response was to the poster hoping SWIFT would integrate with XRP for cross border payments. What is your point?

fajarsis02

I'm an implementer of Payment System (Non SWIFT) and my sistem uses ISO20022 as base messaging format. ISO is NOT a language, ISO is standard governing body which publishes many standards. ISO 27001 is standard for security, ISO 11801 for cabling and many more..

fajarsis02

This is false, SWIFT uses ISO20022 for it's base messaging format. ISO20022 can be used for other purposes as well outside SWIFT

ThriceHawk

That is not happening. SWIFT is positioning themselves to be able to integrate with any blockchain by their partnership with Chainlink. The banks don't want to choose just any one chain. They want to create their own, have interoperability with others, etc. The CIO of SWIFT has openly bashed XRP on LinkedIn. Your best exposure to all of this is through LINK.

janromac

This is false, there’s a governing body that controls this standard. SWIFT is the registration authority for ISO 20022

ThriceHawk

There's nothing irrational about it. XRP has been pumped from the absolutely insane cult/fake social media marketing around it. Every single day, you see posts that are flat out lies from their biggest influencers getting thousands of likes/views. Things like "XRP to acquire SWIFT!" Which isn't even possible. Or things like it secretly working with the US government or it being the banking coin but for some reason (🙄) needing all of these NDA's... Meanwhile, something like Chainlink is actually shaking hands with the president while they sign the GENIUS Act and the Ripple team is left outside. Chainlink is actually at Sibos. SWIFT is actually a key sponsor of Chainlink's Smartcon. Chainlink has actual publicly verified partnerships with JP Morgan, Citi, Fidelity, Mastercard, US Bank, Franklin Templeton, BNP Paribas, Euroclear, the DTCC. No NDA's needed somehow... And Bank of America has ditched Ripple and is creating their own stablecoin. It's not FUD. People who just actually pay attention get annoyed and call it out.

KFC_Fleshlight

https://www.eandmoney.com/en/services/add-money.html If you want to add money from your UAE bank but couldn't find it in the bank list, you can use our FAB bank account number and IBAN to transfer money to your e& money balance. Don't forget to mention your registered e& money phone number in the transfer details, so we can top-up your account on your behalf! Here are the e& money bank account details: Bank Name: First Abu Dhabi Bank (FAB) Account Holder Name: eandMoney IBAN: AE040352391365500071003 Account Number: 2391365500071003 SWIFT Code: NBADAEAA Bank Branch: Main Branch Branch Address: Abu Dhabi Account Holder Address: Sheikh Zayed Road, Dubai Comments: Receiver mobile number in long format 971XXXXXXXXX Note: Entering the mobile number is mandatory or the transaction will fail.

Timely_Trouble8258

Chainlink, and here's why 1. **Because without it, half of crypto is just LARPing.** Smart contracts without real-world data? Cute. It’s like building a robot that can “do anything”… as long as you never take it out of the lab. Chainlink is the one actually giving blockchains eyes and ears. 2. **It’s basically the plumbing nobody talks about.** Everyone loves the flashy Layer 1s and meme coins, but guess what? They’re calling Chainlink in the background to actually function. It’s the boring grown-up in the room making sure DeFi doesn’t collapse every five minutes. 3. **Partnerships everywhere.** Banks, SWIFT, Google, random DeFi projects you’ve never heard of — yeah, they’re all plugged into Chainlink. But sure, keep betting on your “next 100x” meme token instead. 4. **CCIP is the sleeper weapon.** Cross-chain interoperability sounds nerdy, but it’s basically the “oh crap” button that makes everything talk to everything else. When chains stop being their own lonely islands, guess who’s running the bridges? Spoiler: not XRP. 5. **It survived multiple bear markets.** While other projects flatlined or turned into Discord ghost towns, Chainlink kept building. That’s called having actual utility, not just vibes. 6. **And the community?** Not culty, not screechy — just quietly stacking and letting Sergey Nazarov (the Gandalf of crypto) do wizard things. 👉 So yeah, Chainlink isn’t sexy. It’s not screaming “Lambo tomorrow.” But it’s the crypto equivalent of electricity: boring until you realize nothing works without it.

Timely_Trouble8258

1. **Regulatory Uncertainty** Oh yeah, nothing screams “solid investment” like a coin that’s been in a years-long fistfight with the SEC. Who doesn’t want to gamble on court cases instead of market cycles? 2. **Centralization Concerns** Totally decentralized… if you ignore the fact that Ripple Labs printed it, owns a mountain of it, and can basically flood the market whenever they want. But sure, “the people’s coin.” 3. **Adoption** Banks love Ripple’s *software*. XRP itself? Not so much. But hey, you can tell your friends your favorite bank *might* use it one day. 4. **Competition** Forget about stablecoins, CBDCs, or Visa’s blockchain experiments — obviously, XRP will single-handedly replace SWIFT and save the financial world. Just ignore the fact that everyone else is building faster and more scalable solutions. 5. **Market Performance** The next bull run will definitely make you rich… right? Always the next one. 6. **Community Divide** It’s either “the future of finance” or “a useless banker coin.” No middle ground. Perfect if you like living in Twitter echo chambers. 👉 **So yeah, XRP is obviously the safest, most decentralized, future-proof coin out there. Just make sure you also invest in lottery tickets while you’re at it they have about the same odds.**

Successful-Ad-5443

I’ve explained why the token price must rise so we’ll skip that. Enterprise chains failed because they were siloed. CCIP isn’t a “private chain” — it’s the neutral interoperability standard between public chains, private ledgers, custodians, and banks that allows money and messaging to be sent within the same workflow. That’s not something you can replace with just running your own server. There’s a reason why major banks like Jp Morgan and anz are completing proof of concepts. Yes, price feeds are many. Pyth, flare, band protocol we could go down the list. But the moat isn’t built around the cheapest option, when it comes to the level of institutions link are onboarding, the moat is based on reliability, reputation, and integration at scale. DTCC, SWIFT etc aren’t going to pull some free API feed off Yahoo Finance, they value resilience, uptime guarantees, decentralized validation, and legal/insurance frameworks. Competitors offer price feeds, link offers everything they need in one platform. That’s the moat. Again, I don’t care for current revenue. Eth was at 100b market cap earning peanuts for fees. I agree fees don’t justify LINK’s market cap today. But by your logic, Eths 100b valuation in 2018 was also unjustifiable. Your logic would have most likely faded the run to 500b. Both are SoV bets, ETH on computation, LINK on interoperability. Difference is ones narrative has already run and become mainstream, the others is just getting started. The fact you think it’s so easy to simply switch a legacy system that the entire financial world has been running on for the last 50 years is laughable. This is a technological shift that has been in the making for almost a decade now, swift and link have been working together since 2016. In finance, cheapest ≠ winner. Reliability and standards win. SWIFT isn’t cheap but banks still pay because it’s the universal standard. Once you’re the default, switching costs lock everyone in. LINK is positioning to be the SWIFT of interoperability, and I believe that’s why swift themselves are already testing and integrating it. That’s what I’m betting on. Only time will tell.

Successful-Ad-5443

I’ve explained why the token price must rise so we’ll skip that. Enterprise chains failed because they were siloed. CCIP isn’t a “private chain” — it’s the neutral interoperability standard between public chains, private ledgers, custodians, and banks that allows money and messaging to be sent within the same workflow. That’s not something you can replace with just running your own server. There’s a reason why major banks like Jp Morgan and anz are completing proof of concepts. Yes, price feeds are many. Pyth, flare, band protocol we could go down the list. But the moat isn’t built around the cheapest option, when it comes to the level of institutions link are onboarding, the moat is based on reliability, reputation, and integration at scale. DTCC, SWIFT etc aren’t going to pull some free API feed off Yahoo Finance, they value resilience, uptime guarantees, decentralized validation, and legal/insurance frameworks. Competitors offer price feeds, link offers everything they need in one platform. That’s the moat. Again, I don’t care for current revenue. Eth was at 100b market cap earning peanuts for fees. I agree fees don’t justify LINK’s market cap today. But by your logic, Eths 100b valuation in 2018 was also unjustifiable. Your logic would have most likely faded the run to 500b. Both are SoV bets, ETH on computation, LINK on interoperability. Difference is ones narrative has already run and become mainstream, the others is just getting started. The fact you think it’s so easy to simply switch a legacy system that the entire financial world has been running on for the last 50 years is laughable. This is a technological shift that has been in the making for almost a decade now, swift and link have been working together since 2016. In finance, cheapest ≠ winner. Reliability and standards win. SWIFT isn’t cheap but banks still pay because it’s the universal standard. Once you’re the default, switching costs lock everyone in. LINK is positioning to be the SWIFT of interoperability, and I believe that’s why swift themselves are already testing and integrating it. That’s what I’m betting on. Only time will tell.

DigitaICriminal

XRP is a technology company without technology. Xrp is not Blockchain, it's an permissioned centralized database. Xrp got infinite supply, and high % is held by ripple. Total scam for gullible. And yeh it will not replace SWIFT, some banks use ripple rails to transfers but this thing don't use xrp at all.

Scotty415

The short version I'll give is go look at the official partnerships Chainlink is working with to bring their financial systems on-chain. SWIFT, Mastercard, JP Morgan, Intercontinental Exchange, Fidelity International, just to name a few.

Successful-Ad-5443

Your mistake is worrying about selling pressure. To secure CCIP and oracles, node operators must stake LINK as collateral. The bigger the financial flows (SWIFT, DTCC, banks, RWAs), the more LINK must be staked to provide security guarantees. As institutional demand scales, more link will be locked up and the supply crunch will force price upwards. Eventually the demand to acquire link for staking will far outweigh the selling pressure and the token will be forced to reprice.

fajarsis02

I saw that already in Bali since 2 years ago, specifically with Russian tourist / long stayer. Due to the blockade of Russian banks from SWIFT they bought crypto using RUB in Russian exchange transfer it to Indonesian exchange and then sold it to IDR to then transfer it to Indonesian e-wallet app to pay for their life necessity.

PsychicTrader2022

Of course. Here is a fundamental analysis of XRP's potential to compete with SWIFT, formatted as a Reddit post. Title: Will XRP Replace SWIFT? A Realistic Look at its Future 🚀 Hey r/CryptoCurrency, I see the "Does XRP have a future?" question pop up all the time. Instead of just talking price, let's break down its core purpose: competing with SWIFT for cross-border payments. Here’s a fundamental analysis. TL;DR: XRP won't replace SWIFT overnight, but its technology is a serious competitor aiming to fix major problems in international finance. Its success hinges on overcoming massive regulatory hurdles and convincing a slow-moving industry to adopt new tech. ## What's the Problem with SWIFT? First, understand what XRP is up against. SWIFT is the system banks use to send messages to each other about money transfers. Think of it like a secure email system for banks. The problem? It's old, slow, and expensive. * Slow: International transfers can take 3-5 business days because money has to hop between several "correspondent banks." * Expensive: Each bank in the chain takes a cut, leading to high fees. * Inefficient: Banks have to park huge amounts of cash in accounts all over the world (called nostro/vostro accounts) just to be able to make these payments. That's trillions of dollars sitting idle. ## How XRP Aims to "Fix" This This is where Ripple and XRP come in. They offer a fundamentally different approach. * Technology: The XRP Ledger (XRPL) is a decentralized blockchain that can settle transactions in 3-5 seconds. * The Asset: XRP is the native digital asset on the ledger. It's designed to be a "bridge currency." Instead of a chain of banks, a payment company using Ripple's On-Demand Liquidity (ODL) service can: * Convert US Dollars to XRP in the U.S. * Send the XRP across the ledger instantly to, say, Mexico. * Instantly convert that XRP into Mexican Pesos. The result? A near-instant payment with a tiny transaction fee (fractions of a cent). This process eliminates the need for those pre-funded nostro/vostro accounts, freeing up billions in capital. It's like replacing snail mail with email—cheaper, faster, and more direct. 💸 ## The Hurdles & Headwinds (The Bear Case 🐻) So why hasn't XRP already taken over? The challenges are massive. * The SEC Lawsuit: The biggest shadow over XRP is the lawsuit from the U.S. Securities and Exchange Commission. While Ripple scored a major victory in 2023 when a judge ruled that programmatic sales of XRP were not securities, the legal battle isn't completely over. This uncertainty has slowed adoption, especially in the US. ⚖️ * The SWIFT Monopoly: SWIFT has an incredible network effect. Over 11,000 institutions are already plugged into its system. Convincing this massive, conservative industry to rip out its existing infrastructure for a new technology is an epic challenge. Banks are slow to change. * Centralization Concerns: A common criticism is that Ripple (the company) owns a large amount of the total XRP supply. While the XRP Ledger itself is decentralized, this large holding gives Ripple significant influence, which worries some purists in the crypto space. ## Conclusion: Competitor, Not a Replacement (For Now) Thinking of XRP as a total SWIFT replacement is probably the wrong way to look at it. SWIFT is deeply entrenched. A more realistic future sees XRP and Ripple's payment technology as a powerful competitor that carves out a significant niche. It can offer a superior alternative for specific payment corridors, especially in regions with less-developed banking infrastructure. Ultimately, XRP's future depends on two things: * Regulatory Clarity: Getting a clear green light from regulators worldwide is essential for mainstream bank adoption. * Network Adoption: Ripple needs to continue signing partnerships and convincing financial institutions that the cost of switching is worth the long-term benefits. The tech is solid for its intended purpose, but success in the real world is about more than just good tech. Hope this helps. As always, DYOR (Do Your Own Research)!

coinfeeds-bot

tldr; Central banks have purchased 166 tonnes of gold, with reserves now exceeding 36,000 tonnes, driven by countries like China, Turkey, India, and Russia. This trend aligns with BRICS' plans to launch a new currency in 2026, aiming to reduce reliance on the dollar. At the 17th BRICS Summit, members agreed to develop digital payment systems and expand trade using local currencies. The bloc, now BRICS-10, represents 46% of the global population and 37% of GDP, strengthening its push for an alternative financial system outside SWIFT. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Personal-Reality9045

Increasing block size is a stupid idea, that makes it more difficult for blocks to propagate the network. Smaller and more frequent blocks are better. This has been quantified and measured. Understanding the traditional monetary system and how it solves scaling is crucial. In this space, there appears to be limited understanding of market infrastructure and traditional finance system operations, particularly regarding the role of clearinghouses. Clearinghouses and cryptocurrencies face similar capacity issues, requiring layered system solutions. For instance, Fedwire and ACH can only handle limited transactions simultaneously. These systems are append-only, similar to blockchain technology - when you send a wire transfer, it cannot be reversed, just like cryptocurrency transactions. The base layer wire system solves custody risk, which is an improvement, but still faces clearinghouse capacity limitations. The global financial system addresses this through layers of clearinghouses, including sovereign clearinghouses and various clearing networks. America uses ACH domestically for retail and fed wire for large sums between banks, while SWIFT handles global transfers - both being slow and expensive systems that cryptocurrency aims to expedite. Cryptocurrency also eliminates the need for the Eurodollar system, which countries use for large international trade settlements. Without custody risk, there's no need for this intermediary system that prevents transaction reversals in major international trades while eliminating the sanction ability of the central authority, currently, America. What is also important to note, to solve liquidity issues,in this space, you need the repo market for short term treasury loans. International trade via Eurodollar runs on 2 separate clearing systems. The scaling problem for clearing has been solved but remains poorly implemented. Solutions like netting and multiple clearing systems exist but aren't widely adopted. The concept of scaling a single clearing system to handle global transaction capacity is impractical. Instead, different layers of responsibility are needed, similar to how a rocket uses different stages to address various challenges in space travel. Claiming the correct spec deviated from Satoshi's plan is dogmatic. Mis guided zealotry that pollutes this space, people claiming to properly interpret the white paper as if they were golden idol high priests for religious scripture. Grow up. Put your head down and do some real engineering and bring solutions instead of bitching. Protocols need to evolve as they collide with real world use case. Satoshi is gone. The tech is open source.

ThriceHawk

How does a company like Chainlink, that literally secures 80%+ of DeFi... and is partnered with JP Morgan, Fidelity, SWIFT, Mastercard, Citi, Coinbase, Euroclear, the DTCC, etc. etc... not have good tech?!

ThriceHawk

You can put a decent chunk in now, but I'd mainly dollar cost average in to be safe. 33% BTC, 33% ETH, 33% LINK. BTC - Obvious, clear king of crypto, not much explanation needed here. ETH - Powering the largest ecosystem of dApps, Smart Contracts, DeFi, etc... The foundation for web3 applications. Largest and most active developer community in crypto. Ethereum accounts for 60%+ of DeFi's TVL. Huge player in tradfi tokenized assets moving forward. Primary blockchain for stablecoins. LINK - Leading oracle provider, secures 80%+ of DeFi, and the bridge with traditional finance/real world data. Already partnered with JP Morgan, SWIFT, Citi, Fidelity, the DTCC, Coinbase, AAVE, Mastercard, BNP Paribas, BNY Melon, Euroclear, etc. Provides cross chain interoperability allowing tokenized assets and data to move seamlessly across 50+ blockchains, including Ethereum, Polygon, Solana, etc. Key enabler of tokenized assets, provides proof of reserves for stablecoins/securities, and data feeds for equities, ETF's, etc.

NextLevelDetailing

Banks are already using it around the world. In the US its supposed to replace SWIFT system (old,slow and costly tech) I hold XRP, and XLM because I got it 5 years ago. XRP @ .32 cents and XLM @ .09 cents

ThriceHawk

Ripple is not remotely close to being in a strong position to replace SWIFT.

Redhaired103

These are also not happening with Ripple. XRP holders just keep repeating the same scenario… that is unlikely to happen. Experts say a realistic *at best* option Ripple co-existing with SWIFT. Not replacing it. (And even that replacement would not mean XRP itself would go 🚀) AVAX serves well for a purpose and getting stronger. This is better than investing in fantasies. Research both *realistically*. (and Avalanche / AVAX here is really just one example.) Ripple is great at publicity but please follow the coins’ price and profit level. They should speak for themselves.

Ebeon933

But the company behind it, are they filing a bank charter? Are in a strong position replace SWIFT? Out of Ripple you got Stellar, Tron, and SHX(Stronghold).

ThriceHawk

More a high likelihood at this point. Chainlink and SWIFT mentioned plans were to scale toward production (from their previous pre-production trials) in the 2nd half of 2025. Chainlink will be at the SWIFT Sibos event in late September/early October, and the SWIFT team at Chainlink's Smartcon in November. Lots of speculation that production will be announced at one of those events... As it lines up with their timelines and these events have been when previous updates have been provided.

Next-Step-Jobs

Oh my, I’m still learning and pretty new to crypto but I had no clue about this SWIFT move in November, that’s actually wild, I feel like that can be huge

RubberyDolphin

Not by themselves. But take stablecoins and add CBDCs, BRICS_Pay, XRP, etc., and SWIFT becomes an inefficient option. SWIFT can adapt though, I think—doesn’t it have a bunch of projects testing out different crypto-rail based options?

ThriceHawk

It absolutely is positioned to moon, especially now with the Chainlink Reserve going live. Chainlink is sooooo incredibly undervalued. SWIFT about to go live in November... I think there is just a genuine lack of knowledge in crypto and Chainlink hasn't wasted time pouring a bunch of money into social media influencer hype. They are partnered with JP Morgan, Fidelity, SWIFT, the DTCC, Mastercard, Coinbase, 80%+ of DeFi, Citi, BNP Paribas, UBS, BNY Melon... but are 12th in markercap?! That's a huge opportunity for people right in front of them.

Gradoguy

Exactly the “SWIFT killer” dream died a while ago, now it’s just centralized bag-holding. If you want something actually positioned to grow with real-world adoption, IOTA’s the one to watch.

williaminla

Fuck SWIFT. All my homies hate SWIFT

ThriceHawk

They can move their own stablecoin between different networks or institutions using their existing integrations with SWIFT along with Chainlink.

DevilKnight03

I’d lean toward HBAR right now, it’s already running trials with SWIFT, which is something XRP talked about for years but hasn’t delivered at the same scale. I’ve been picking up small amounts through levex since their fees are decent and the interface is straightforward, then moving it to my own wallet. Makes the whole process a lot smoother.

Lemon_Club

SEPA is only for Euro denominated payments no? You wouldn't need SWIFT or stablecoins anyways. Why couldn't stablecoins help with bank transfers? Is this where XRP could be used? Especially for low liquidity corridors?

Coreantes

Yes, you're right about this one fact. However, personally, I don't see any "crypto bro solution" take over things that are so embedded as TradFi. For example, everyone and their mother has an IBAN account in Europe, plus the EU has the SEPA in which it is mandatory for banks to process a transfer within 24h. IBAN/SEPA already don't require SWIFT anymore, so with regards to this title, it could've also just generally be: Is Swift DEAD?! (or something similar)... Stablecoins, however, are not simple going to replace bank-2-bank transfers across continents or be anywhere as useful (read: easy to execute) for the average Joe that needs to transfer large sums of money. And if it's a small sum.... well, there's plenty of alternatives already.

Natural_NoChemical

Stablecoins can move value across borders in seconds while SWIFT can still take days. If adoption keeps growing, SWIFT will either adapt or fade into the background.

coinfeeds-bot

tldr; The article explores how stablecoins, digital tokens backed by traditional currencies, are revolutionizing cross-border payments, potentially challenging the SWIFT network. Stablecoins offer faster, cheaper, and more transparent transactions by bypassing traditional banking intermediaries. The 'Stablecoin Sandwich' model simplifies international payments through local currency conversion, blockchain transfers, and reconversion to the recipient's currency. This innovation enhances efficiency, scalability, and inclusion, while reinforcing the dominance of the US dollar in global finance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

cryptolipto

It absolutely will not Chainlink will consolidate the global financial system, connecting tradfi to defi, and they have been doing exactly that over the last 2-3 years of testing 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 DTCC https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink ICE (the NYSE) https://www.prnewswire.com/news-releases/chainlink-and-ice-collaborate-to-bring-high-quality-forex-and-precious-metals-data-onchain-302526234.html VISA https://thepaypers.com/crypto-web3-and-cbdc/news/visa-and-chainlink-test-cbdc-stablecoin-swap-across-blockchains Mastercard https://www.mastercard.com/us/en/news-and-trends/press/2025/june/mastercard-chainlink-crypto.html Fidelity https://www.sygnum.com/news/sygnum-and-fidelity-international-partner-with-chainlink-to-provide-fund-nav-data-onchain/ JP Morgan https://www.jpmorgan.com/payments/newsroom/kinexys-chainlink-ondo-tokenized-asset-test The Central Bank of Hong Kong https://chainlinktoday.com/chainlink-ccip-enables-exchange-of-hong-kong-cbdc-and-australian-dollar-stablecoin/ Euroclear https://chainlinktoday.com/chainlink-euroclear-swift-six-major-market-participants-launch-initiative-to-standardize-corporate-actions-data-onchain-at-sibos/ The central bank of Brazil https://www.prnewswire.com/news-releases/chainlink-plexos-institute-and-edinheiro-partner-to-democratize-financial-access-in-brazil-302516568.html And on and on and on and on…

uthinkicarenah

Pure manipulated at the finest. The lawsuit ends still $3. People say it will become a bank. Sure, you see the random bank on the street? That's Ripple Bank. It will not be BOA first day. Replacing SWIFT? There's 0 chance. 0. The lawsuit was the biggest bullish news you can ever imagine with XRP. Look at where it is now. $3 is the absolute maximum it can go.

JustStopppingBye

>sure yes they worked with SWIFT, on a treasury use case, [Still wrong lol](https://www.swift.com/news-events/news/live-trials-digital-asset-transactions-swift-start-2025) >that don't mean all swift payments will start using chainlink, seriously there in no single crypto that is going run everything... Yes correct, a single blockchain will never be able to do this, that why Swift helped develop CCIP with chainlink labs. Chainlinks just needs to be the common middleware standard connecting all the major networks and institutions, which is clearly happening.

mbate2305

Lol when will you stop inflating everything ... sure yes they worked with SWIFT, on a treasury use case, that don't mean all swift payments will start using chainlink, seriously there in no single crypto that is going run everything...

FlappySocks

Ethereum had multi client from the start. Solana has that now, and is the only chain that can support institutional volumes of traffic. Besides, legacy banks and institutions have already made their choice. The largest of which SWIFT comes on stream in weeks.

Personal-Reality9045

Man, it is so good to finally meet someone that knows what they are talking about. SO I wrote something and put it through claude to clean it up and make it more coherent. Hope you dont mind, I put in about 20 minutes of effort into responding to you. If you want my original messy text, I'd be happy to provide it. The global financial system operates through US-controlled settlement mechanisms: * Eurodollars: Clear through CHIPS and SWIFT, using correspondent banking networks * US Treasuries: Settle via Fedwire and DTCC's Fixed Income Clearing Corporation The US enforces participation through sanctions and, historically, military intervention. This isn't voluntary—it's mandatory for global trade. I agree with your view on this. # Bitcoin: The Settlement Layer Bitcoin is misunderstood as just digital currency. It's actually: * A decentralized settlement network * Infrastructure for building financial instruments (currencies, bonds, equities, derivatives) * A solution to custody risk and peer-to-peer digital asset exchange (**Atomic Swaps**) Current limitations include high volatility and insufficient market cap, but the ecosystem is evolving with experiments like stablecoins. # The Reformation Parallel Just as Martin Luther broke the Catholic Church's monopoly through literacy, Bitcoin breaks the monopoly on financial ledgers: * Then: Elite controlled literacy → Church enforced religious monopoly * Now: Elite control ledgers → US enforces monetary hegemony The difference: individuals now have permissionless access to a global settlement system. # The Future: No Reserve Currency Needed Bitcoin won't become the next reserve currency—it enables a world without one: * Direct atomic swaps between currencies and assets, no need for exchanges. * Individual choice replacing state enforcement * Competitive marketplace of currencies based on merit # Conclusion We're not replacing one hegemon with another. Bitcoin provides the foundation for a competitive financial marketplace where choice replaces coercion—a fundamental reimagining that most cannot envision because it breaks from 600 years of precedent. And one last thing, do you think AI Agents are signing up for bank and brokerage accounts. Lol.