SWIFT

Shadowpinegrowth

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

desmond_koh

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

Rey_Mezcalero

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

Indi_Cat123

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

biba8163

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

Romanizer

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

AutoModerator

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

-crypto2025hold-

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

-crypto2025hold-

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

pop-1988

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

biba8163

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

ecnecn

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

BioRobotTch

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

R4ID

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

JustStopppingBye

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

Crisado

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

Major-Rabbit1252

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

highschoolhero24

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

highschoolhero24

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

thebuders

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

Agitated-Bird-4333

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

Shootforthestars24

People actually think it’ll replace SWIFT

biba8163

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

jazz_king_seb

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

DrySea8638

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

biba8163

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

ecnecn

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

SESHHHHHHHHHHHHHHHHH

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

Thats_Capricorn_isit

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

AskMeIfImAnOrange

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

AutoModerator

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

Hidden5G

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

CoinMongerer

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

Ikki_The_Phoenix

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

CoinMongerer

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

blablubb0

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

blablubb0

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

Vegetable-Payment762

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

CryptoMemesLOL

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

ThriceHawk

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

ThriceHawk

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

pokering_de

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

therealwanderingTree

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

biba8163

ETH is a 1/2 Trillion marketcap where $10 Billion in ETF inflows this year and another $15 Billion in DAT buys don't really move the needle. (See how $30 Billion in ETF inflows this year and ridiculous DAT buys = same BTC price as last December). > confirmations every week that payment processors doesn't mean shit if they're not buying shit > Swift Swift is a bank messaging platform run by a Cooperative of 3,000 employees that does just €1 Billion in revenue per year barely covering the operating cost. Swift is not relevant. Bagholders from multiple shitcoins are all acting like Swift is a multi-trillion dollar marketcap company when even if every single penny SWIFT earned was routed to the big projects it wouldn't move the needle at all. > XRP The SEC lawsuit helped lure more gullible crypto bros who were anti-SEC/Gensler into XRP creating a narrative that XRP was suppressed by the SEC lawsuit and unfairly targeted by a "corrupt" Gary Gensler who Trump was replacing. This create a hype narrative when Trump was elected and during November/December 2024. Crypto pumps are all about hype, narrative and momentum. At the time XRP was a $30 Billion marketcap coin and it's been helped by this hype, narrative and still has some momentum. At some point, people have to understand crypto is all speculation including BTC (hell, gold is completely speculative also). Buying for the tech, utility and use cases and saying the market is irrational because Doge is pumping is a good way lose money in crypto.

imjustbeingreal0

Many national banks are keen on XRP, institutional adoption is sky-rocketing. BRICS are interested. The technology can be used for overseas payments systems the same way as SWIFT which has trillions going through it. As you said if it's locked away for later it's likely going to go up further when they release it alongside national govs using it for fast payments

imjustbeingreal0

Because of institutional adoption and the use case for it to be the new SWIFT. It's also being adopted by BRICS and many institutions globally on a national scale. There's talk of it being used for trillions of $$ thro8gh overseas payments systems

Upset_Dealer5664

Why do you say that? Lightning makes the Bitcoin network work like decentralized M1 money, what SWIFT is to fiat, lightning is to Bitcoin. Sure it’s clunky now, but blah, blah email in the 90’s. In tradfi M0 is base money = physical cash and central bank reserves. It’s the final settlement layer, everything else ultimately settles back to M0. In Bitcoin: On chain BTC functions as the equivalent of digital M0, it’s slow, secure, and final. You don’t want every tiny coffee purchase to hit that base layer, just like you wouldn’t settle every credit card swipe directly with the Federal Reserve. In tradfi: M1 is checking deposits + cash in circulation, the liquid form people actually use to transact daily. Banks move M1 around freely on top of M0 reserves. In Bitcoin: Lightning channels act like M1 balances. Instantly spendable, circulating among peers. The underlying Bitcoin blockchain acts as the reserve layer (M0), backing it all. When you close channels, your Lightning “checking account” settles back to Bitcoin’s “central bank.”

CaptainRelevant

The unclear part was because Hinman and the SEC’s lawsuit did its job to destroy Ripple’s first mover advantage. The government was concerned that it could be used to circumvent sanctions (which are easy to enforce through SWIFT), but Congress never took action so the Executive branch did what they could. 4.5 years later the case is dismissed but the market share that any crypto could take from SWIFT for cross border payments is significantly less for a variety of reasons. This is a story about an Executive power grab because Congress only acts when there’s a trans kid in Tennessee that wanted to swim with his friends.

251325132000

“The Japan deal man! It’s coming! Then everything changes! Going to replace SWIFT!”

ThriceHawk

Really? That's wild... I haven't seen that other than from the XRP bros. Here are my reasons... The US Department of Commerce selected them to provide macroeconomic data on-chain. As well as having them there for the GENIUS Act signing and the Federal Reserve conference I just mentioned. They are partnered with almost all of the largest financial institutions and cover 80%+ of defi. Partners/integrations include: SWIFT, JP Morgan, Fidelity, Citi, US Bank, Coinbase, Mastercard, the DTCC, BNP Paribas, UBS, ANZ, Euroclear, Franklin Templeton, SBI, BNY Melon, S&P Global, Canton Network, Lloyds, Microsoft, etc. etc. <<< Who else comes close to this?

Arijan101

This is a completely non-sensical analogy. But let's go with it, if you already brought it up. Obviously you can own someone's life because it's illegal after the abolition of slavery, but when it was legal people used to pay for other people because they could provide real value (work the fields, mines, tend to the house..), even though they knew that the people they are buying will eventually die. That's the same reason people and business pay their employees, because they create value. So to answer your childish question, no your life or life in general isn't a scam. When you buy stocks, you buy ownership of a company that sells real products/services other people actually need, even gold if you buy it, you can physically own it, and if it goes down in price, you can still make jewelry or electric cables out of it, unlike crypto currencies (like XRP) which are basically lines of code, and the price is based on how many suckers buy into the scam, and they buy into it solely based on hype and speculation, hoping that "line goes up". XRP isn't used by any bank, Ripple isn't replacing SWIFT no reputable institution will ever use it because they know it's a scam, and there is ZERO need for it's existence. Even if it doubles in price by EOY it doesn't mean it's legit, it just means that more 🍭 bought into it. And when enough 🍭 buy into it, and line goes up sufficiently, the "whales" start dumping.

CaptainRelevant

Slight correction: it looked to compete with SWIFT, not replace it. Anyone who thought outright replacement was a moon boy.

CaptainRelevant

5 ETFs pending approval plus the U.S. Congress structure bill. Looks good in the short term. Long term, I’m not so sure anymore. The SEC lawsuit eliminated its first mover advantage and allowed SWIFT to get its act together and move into blockchain. XRP always looked to replace 5-10% of SWIFT’s business (at best), now it looks substantially less. I’m holding what I’ve got left through the ETF approvals and structure bill, will make a call then.

jekpopulous2

XRP’s biggest selling point was that it would be used by banks for cross-border payments. SWIFT recently decided that they’re going to build their infrastructure on an Ethereum rollup (Linea). Now that we know that banks aren’t going to use XRP what’s the point? https://www.ccn.com/education/crypto/swift-shared-ledger-24-7-global-payments-xrp-hbar/

coinfeeds-bot

tldr; Binance has launched BPay Global, enabling USD deposits and withdrawals in over 70 countries through SWIFT, cards, Apple Pay, and Google Pay with low or zero fees. Licensed by the Central Bank of Bahrain, this feature simplifies the bridge between traditional finance and crypto. Users can store USD in a regulated e-wallet for trading on Binance. The initiative aims to enhance fiat on/off-ramps globally while maintaining compliance and security, supporting Binance's goal of integrating traditional and digital finance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

NewcastlePLchamps

No, I’m comparing actual volume on chain between the two chains. XRPL has 5x the 24hr volume that LINK does. I brought up a comment made at the conference answering the question of whether SWIFT would be able to modernize faster than competitors. The panelist didn’t think so, that is all. You can draw whatever conclusions you want from the invitees. I was not commenting on that

NewcastlePLchamps

What about the question on whether the panelists believed SWIFT would be able to integrate blockchain settlement solutions prior to a disruptor seizing the market?

biba8163

Is someone going to educate J.Powell about how XRP can free up $27 Trillion? > There actually is a **moral argument for XRP** > It's to do with freeing up **$27 trillion locked up in nostro accounts.** > **$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/

biba8163

> 99% of Crypto is a scam anyways. Let's be real. Let's be real, 1 year ago everyone was circle jerking the ISO-20022 Meme and everyone lost money so now it's a scam ISO Meme Coins YTD: ADA -25%, LINK -16%, HBAR -38%, IOTA -50%, XLM -5%, QNT -21%, XDC -15%, XRP 13% > *"Those compliant with some sort of ISO are going to be the first ones adopted by institutions"* > *"Chainlink CRE being built using XRP, HBAR etc. That's the secret ingredient in this insane price action."* > *"Could this be some of the “tech” aspects of these crypto gaining value* > "It's about a new payment standard being built. Basically the new SWIFT"* > *"ISO 20022 is important for large scale adoption of digital currencies for large financial institutions"* > *"ISO20022 will make it easier and more efficient for large financial institutions and big companies to settle large remittances faster and more cost effectively"* https://np.reddit.com/r/CryptoCurrency/comments/1gu4pwb/are_the_iso_20022_coins_pumping/

xte2

a7a5 was not used to avoid using the USD but to repatriate capitals stranded outside due to the SWIFT blockade. It was successful yes, but was meant only for one direction: selling asset in other currencies, buying this stablecoin from "neutral" exchange, sell back to RUB inside Russia. They have tried a crypto for international payments, but China essentially say no, and pretend to use their system, in the end the BRICS choose to exchange in their own local currencies so that Russian companies in India sell in INR, Indian companies in Russia in RUB and the central banks exchange what they need back and forth, an old system, but something they accept on all side, complex, slow but that's is. Russia itself have used BTC much, China as well, they formally forbid it inside, while they encourage mining and they exchange BTC against Fentanyl in Mexico. The world is complex. Currencies are weapons and actually EU the most, but most banks in general choose to ignore cryptos, then fighting it, and now few try embracing them to the EEE strategy, because the reality is that banking is dead, we do not need to be robbed by them anymore and they do not like much such scenario.

admin_default

XRP is dead - hobbling along as a zombie coin. SWIFT just announced they’re building on Ethereum. That means basically all the worlds banks are gonna be on Ethereum.

jekpopulous2

Yeah but it depends on the specific rollup. With optimistic rollups it takes 7 days to prove the state of the chain which adds a layer of risk. ZK rollups reach finality nearly instantly so they’re insanely difficult to tamper with. AliPay is using ZK proofs. SWIFT is also using a chain (Linea) that generates ZK proofs. The largest rollups (Base and Arbitrum) both use optimistic proofs currently but they’re moving to hybrid models that also generate ZK proofs. So yeah there’s a trade off but as ZK proofs are adopted the risk keeps decreasing. No L2 will ever be as secure as L1 Ethereum but using an L2 that publishes ZK proofs is much safer than using an alt-chain with a more centralized set of validators.

coinfeeds-bot

tldr; Ripple's XRP may face volatility as spot ETFs based on the token gain approval in the US, following similar launches in Canada and Europe. The SEC's recent rule change simplifies the approval process, with several funds expected to launch soon. Historical trends from Bitcoin and Ether ETFs suggest initial price drops followed by recovery. XRP's appeal lies in its fast, low-cost transactions and use in cross-border payments, challenging traditional systems like SWIFT. The recent legal victory for Ripple may further boost adoption among banks and fintech firms. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CupLower4147

Bitcoin => money. Wallet => bank. Wallet address => bank account number. SWIFT network => blockchain.

Hoemero

Also understand why SWIFT decided to go with consensys and not XRP or HBAR or any of those type of blockchain.

Hungry-Class9806

Because they - in fact - have the tech. Chainlink is [now collaborating with SWIFT, UBS](https://www.swift.com/es/node/309939) and [JP Morgan](https://www.jpmorgan.com/payments/newsroom/kinexys-chainlink-ondo-tokenized-asset-test) to digitalize their assets and Cardano is - so far - one of the most secure blockchains around. So yeah, the tech is definitely there. Just because the literal farm animals at Buttcoin told you that "there's no tech" because they lack the brain capacity to do some research formulate critical thinking, it doesn't mean it's true.

Euro347

The volume of SWIFT transaction s that occur on a given day will blow your mind. Not jus tin the US but globally. 24/7/365

DBRiMatt

I sold my airdrop pretty quickly; but SWIFT announcement is pretty decent for Linea!

Euro347

I really though LINEA would go below 1 penny. This one has serious potential, continuous burn of tokens will make it more valuable. Once SWIFT starts using it, the transaction volume and fees will be in the billions.

Bitchinfussincussin

Confirmed deal with SWIFT Biggest oracle on the planet

anestling

Bitcoin: Instant? Try infinity if you set your transaction fee too low. In the best-case scenario, it still takes at least 10 minutes. Visa: Days? For most point-of-sale terminals, it's under 10 seconds. Did you mean bank transfers? Within your bank, it's usually instant. Between different banks, it can still be instant, depending on the country. Between different countries using SWIFT? Yes, that's where it may take days.

Glass-Inspector206

The lesson here is simple: markets move based on expectations, not guarantees. Just because companies invest heavily doesn’t mean a project will succeed or serve the public tt means they expect a return. Bitcoin’s rise wasn’t magic; it succeeded because people voluntarily accepted it as a medium of exchange and store of value over time. A bank-led ledger or SWIFT project is designed to serve banks, not individuals. Speed or accessibility for institutions does not create a new form of money it just optimizes the old system. Mega-rich investors influencing sentiment is real, but that’s true in any market; speculation and hype are always part of human behavior. The question for any cryptocurrency is: does it increase freedom and choice for users? If not, it’s just another asset, not true money.

coinfeeds-bot

tldr; Ten major global banks, including Bank of America, Deutsche Bank, and UBS, have collaborated to launch a G7-backed stablecoin. This digital currency will be 1:1 reserve-backed by G7 fiat currencies like USD, EUR, and JPY, enabling secure and regulated transactions on public blockchains. The initiative aims to bridge centralized banking with decentralized finance, ensuring compliance with financial laws and AML standards. Experts believe this could modernize global payments and reduce reliance on intermediaries like SWIFT. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Misher7

Correlation is not causation. Bitcoin is not being purchased for the same reason that central banks are stacking gold and BRICS moving to use gold as a trade settlement currency to operate outside SWIFT, since Biden weaponized the USD and Trump declared his trade war. If this was the case, China, central banks etc would be buying Bitcoin. They aren’t. Gold moving above this range could be because normies are hedging now hence the MSM latching onto this narrative that was never true up until now.

DangKilla

If you have money, invest. The poor won't be able to. The gap will grow. We're entering into a meltup. You can look at WWII debt-to-gdp charts. Look at how long it took a country to pay off WWII debt. Now look at your countries Debt-to-GDP chart. Imagine how many decades before you have to pay the debt off. Now look at the move towards digital ID's, SWIFT adopting CDBC's (publicly), and robots and automation. We're heading towards a world with less jobs. Those on some sort of UBI (Universal Basic Income) will likely only own a TV and few assets, have minimal savings, and won't be able to retire. I imagine that's the generation after GenZ

Basic_Sector8501

Oh, XRP? Where do I even start with this overhyped digital IOU masquerading as a cryptocurrency? Let's just call it what it is: the crypto equivalent of that one kid in school who thinks they're cool because their rich parents own the playground, but really, everyone's just tolerating them until something better comes along.First off, centralization? Honey, XRP isn't decentralized—it's basically Ripple Labs' personal piggy bank on a blockchain leash. While Bitcoin and Ethereum are out there living their best wild-west lives with miners and nodes spread across the globe, XRP's got Ripple holding the majority of the supply like a jealous dragon hoarding gold. They control the validators, they dump tokens whenever they feel like it, and the whole thing screams "trust us, we're not a bank... but kinda are." It's so centralized, it makes fiat currencies look like anarchist communes. And don't get me started on that SEC lawsuit—Ripple got slapped so hard, it echoed through the crypto markets for years. The SEC basically called XRP an unregistered security, accusing Ripple of running an illegal token sale like some shady pyramid scheme in a suit. They settled eventually, but only after bleeding billions in value and lawyer fees. If XRP were a person, it'd be that sketchy uncle who promises big returns but ends up in court for fraud. Volatility? XRP's price chart looks like a heart monitor during a horror movie—up, down, crash, repeat. One day it's pumping on hype about "revolutionizing payments," the next it's tanking because some regulator sneezed in its direction. Investors pour in hoping for moonshots, but end up with motion sickness from the rollercoaster. And with competition from actual useful cryptos like stablecoins or faster networks, XRP's just sitting there like yesterday's leftovers, wondering why no one's eating it. Ripple keeps preaching about cross-border payments, but let's be real: banks aren't lining up to hold this volatile trash. They'd rather stick with SWIFT or actual stablecoins that don't fluctuate like a caffeine-addicted squirrel. XRP's "utility" is about as real as a politician's promise—lots of talk, zero delivery for the average holder. In the end, XRP is the crypto that peaked in 2018 and has been coasting on fumes ever since. It's not a store of value, not a smart contract platform, just a centralized token with a cult following that's more delusional than flat-earthers. If you're still HODLing XRP in 2025, congrats—you're the punchline in the biggest joke in crypto history. Burn it? Nah, it's already ashes; we're just sifting through the rubble for laughs. -not me

Pitiful-Cat1050

I made that first purchase at the beginning of 2020 and haven’t stopped accumulating since. I’ve bought in at pretty much every level and plan to continue doing so, and it’s about 75% of my portfolio at this point. The rest are all top 20 level 1 blockchains. We’re about 5 years out from blockchain displacing traditional money movement. SWIFT entering the blockchain world will fundamentally transform how cross border transactions are executed and settled. Crypto is the internet of money. It is inevitable and transformative on that same scale.

yldf

Well, no. Efficiency of banks requires many many transactions per second. Bitcoin is not more efficient than SWIFT.

Saibot281

I can't wait to come back to this thread in a few years. Imagine having no clue about something and trying to tear it apart. Why would a company put hundreds of millions of dollars into something, if they didn't think it was going to succeed? It's not about a quick buy and flip like the rest of them, I mean BTC wasn't like that either was it? I remember seeing it when it was $0.008 a piece. Then it hit a $1 and people started talking about it. Then $100, and 'that was it' then $1000, then $50,000.. everytime it just kept going up. And it has no real use apart from being a store of value. 'SWIFT making their own ledger' oh yeah cause 2 months in the making is really going to take over something Ripple has been working on for 10 years. Plus they have already stated what it will be good for, and that's pretty much just a bit more speed and accessibility for banks to choose what they want to use, haven't said anything about saving money or liquidity itself. I'm pretty sure that's going to be a big deciding factor for major institutions. Also, do you really think they tell you truth about what's happening? There's no chance the mega rich are manipulating the market by saying all this is happening to make everyone sell something, so they can be the only ones to make money off it, could they? 🤔 where have I heard that before..

trillionSdollarstech

> Ethereum's L2 Linea has no need or desire to bamboozle you with temporary fluff marketing, just so early investors or KOLs can use you as exit liquidity like we see on almost all other chains. > Joe Lubin just confirmed the type of news with SWIFT that previously was enough hopium to pump XRP to exorbitant levels. And yet its mostly falling on deaf ears, I think because of the multiple times people have heard similar news or rumors only to be disappointed. https://x.com/enzocxrter/status/1974484753190391856

juanddd_wingman

LoL, well of course Joe Lubinm wants everyone to believe Ethereum is the second coming of Jesus because he co-founded it. Until SWIFT itself confirms it, then it's pure marketing

epic_trader

Yeah, the CEO of the company that's helping SWIFT build their product is probably lying about where it will be built.

thetan_free

>SWIFT announced its collaboration with Consensys and over 30 financial institutions Can confirm they have fasted PR team - top 3% anyway.

coinfeeds-bot

tldr; Consensys CEO Joe Lubin confirmed that SWIFT will use Ethereum layer 2 Linea to build its blockchain payment settlement platform. SWIFT announced its collaboration with Consensys and over 30 financial institutions for a 24/7 real-time crypto payments system but initially withheld the specific blockchain. Linea, developed by Consensys, uses zk-EVM rollup technology for efficient transactions. SWIFT’s move into blockchain payments could challenge Ripple’s XRP Ledger and streamline global payments, leveraging blockchain’s speed and cost benefits. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CriticalCobraz

**Article summary:** Joe Lubin, CEO of Consensys, confirmed that SWIFT will use the Ethereum layer-2 blockchain Linea to build its new crypto payments system. This system aims to enable 24/7 real-time payments with reduced costs and errors, leveraging zk-EVM rollup technology. The project involves over 30 traditional financial institutions, including major banks like Bank of America and JPMorgan Chase. Linea, which has $2.27 billion in total value locked, is expected to be a major player in the blockchain payments space, potentially competing with Ripple’s XRP Ledger. Lubin also highlighted Linea’s broader potential beyond payments, envisioning a "user-generated civilization" through decentralized infrastructure and content creation.

82_AK

OP, fully undertand you. Was waiting for my deposit via SWIFT to popup on my account and missed the DIP. Then had a chance to buy between 116K-118K but because I use limit orders instead of market ones the price didn’t hit my orders and climbed towards 120K where I had to buy some. Right now it is reaching 123K so the naswwer for tour question from me yes I’m buying.

HelpfulJones

You again with the intellectual dishonesty. You don't even know that SWIFT facilitates those transfers in multiple currencies. But the common, generally accepted metric is to quantify the value of the daily traffic in USD. But, I had to educate you on that. Now you know. Maybe there is a liberal arts degree in your future, little lady! It certainly won't be STEM.

HelpfulJones

Do you think the banks are moving $5T/day through SWIFT just for giggles? Do you enjoy appearing as a simpleton? Does your family quickly change the subject whenever someone asks about you, young lady?

HelpfulJones

"Have another option." No one's looking to replace or kill SWIFT -- that would be ridiculous. That it needs to be clarified at all leads me to believe you would have difficulty with the following... There are two types of people: 1. Those who can extrapolate from incomplete data. You're in over your head, young lady. Perhaps the internet is not for you.

JustStopppingBye

>If only there was an option for banks to cut out or significantly undercut the SWIFT middle-man and retain all of the settlement fees for themselves So what are you saying here? What does cut out mean? Stop using?

ThriceHawk

LINK. Partnered with SWIFT, the DTCC, JP Morgan, Citi, US Bank, Bank of America, Fidelity, Euroclear, BNP Paribas, SBI, UBS, Mastercard, Coinbase, the US Department of Commerce... Ethereum is obviously up there. But you won't find a project with more integrations/partnerships than I just listed. Chainlink is way undervalued.

CaptainRelevant

Stablecoins work much better in highly liquid corridors. XRP works better in high friction corridors (i.e. international money transfer between two customers in two different countries that have no direct FOREX between them, like for example, Rwanda and Chili). Long explanation why, but the realistic use case of XRP is maybe 6% of SWIFT’s market. Now, that’s a lot and you can make money off XRP, but a realistic price per coin this cycle is $6-8, not $1000 mega hopium. Of course, that’s still speculation since utility won’t drive price for another few years. Link has greater potential but it’s much much farther out in time. So, I’d hold XRP and sell at the blow-off top this bull run, then accumulate Link in the 4-year bear market in anticipation of the next bull run.

ThriceHawk

People are finally realizing that Chainkink (LINK) is the actual primary protocol needed for all these use cases. There is a reason the US Government and all of the largest financial institutions (SWIFT, the DTCC, JP Morgan, SBI, Citi, Euroclear, UBS, Bank of America, Fidelity, etc. etc.) are working with Chainlink.

ThriceHawk

Nope. This is everything that Chainlink (LINK) does for them... Which is why the government and all the major financial institutions (SWIFT, the DTCC, JP Morgan, Fidelity, BNP Paribas, Citi, US Bank, etc.) are working with them.

AmphibianDelicious16

From a policy lens, a permissioned network lets SWIFT enforce KYC, sanctions screening, and audit trails while preserving existing liability frameworks. That’s attractive to banks, but governance becomes the product: who can write, who can read, and how disputes are resolved. Interoperability with public chains raises thorny questions about travel rule data, data minimization, and how to avoid leaking sensitive metadata when assets cross domains. If they publish open technical standards and clear legal terms, we may see regulated tokenization scale without sacrificing consumer protections. If not, we risk siloed ledgers with expensive connectors.

BunRabbit

Yes - all those finacial analysts and regulatory compliancy experts at 100s of banks, Blackrock and SWIFT are sure dumb. Not like the rando XRP FUDers on Reddit.

coinfeeds-bot

tldr; SWIFT is collaborating with Ethereum software firm Consensys and 30 financial institutions, including major banks like JP Morgan and Wells Fargo, to develop a blockchain prototype for real-time, 24/7 cross-border payments. The prototype aims to use a secure ledger to record, validate transactions, and enforce rules via smart contracts. While details on whether Ethereum mainnet or Layer-2 network Linea will be used remain unclear, this initiative signals a convergence of traditional and decentralized finance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

RefrigeratorLow1259

Link is only an intermediary for oracle purposes, ie fx rates and stuff like CIP...It connects chains essentially. Linea is only a sandbox test for SWIFT, EVM is well known but is too fragile imo for these use cases, certainly for large value tx's that don't need instant settlement...Hell, even Vitalik says it's flawed, hence why the move to RISC-V.... If ya don't believe me ask an LLM or 3 lol.

Melodic-Wealth-7142

What's more important is SWIFT chose an ETH layer 2 over XRP. Lmfao!!!

TheRicFlairDrip

for whoever is reading this thread and shy to jump in, the WEF works with SWIFT on many levels