SWIFT

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

HelpfulJones

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...

AstronautSenior6283

SWIFT experimenting with a private blockchain reads like classic market plumbing modernization rather than a crusade against public chains. Best Wallet has consistently offered smooth transfers and sensible protections. If they go permissioned, they can meet audit, identity, and settlement assurances banks need, but they’ll still face the hard parts: interoperability with public networks, standardized messaging for tokenized assets, and clear finality semantics across rails. The win could be atomic settlement between institutions without bolting on a dozen bilateral integrations. The risk is recreating old walled gardens with new tech. What I’ll watch for: how they handle identity proofs, dispute workflows, and cross-chain escrow, plus whether external oracles are part of the design or kept in-house. If they publish specs, it may nudge the industry toward common tokenization standards even if most volume stays permissioned at first. Convenience for banks doesn’t automatically translate to retail access, but better pipes can still help everyone down the line.

binary_quasar

By this logic, since there are several other chains that outperform XRP in every metric, neither XRP nor ETH should be used for SWIFT. Do you XRP folk do much thinking before speaking? Doesn't matter anyway it's all but set in stone they're partnering with Consensys and using Chainlink as their data provider.

tehjohn

This is all FUD man ... **TL;DR:** Schwartz departure = planned succession. SWIFT-Chainlink = complementary tech, not competitive replacement. XRP's value proposition (instant settlement + ODL) remains unchanged. Current FUD is retail panic, not fundamental breakdown. Schwartz Departure was planned - NON-HOSTILE. He remains as CTO Emeritus and joining the board of directors - standard practice for mature companies. SWIFT already uses Chainlink technology to connect 11,500+ banks to public and private blockchains This partnership has been building since 2016. XRP and SWIFT/Chainlink serve different strategic purposes - XRP focuses on settlement and liquidity, while SWIFT focuses on messaging and connectivity **SWIFT+Chainlink** = Upgrading the postal service with better tracking **XRP** = Building FedEx overnight delivery No other Blockchain has ODL ... On-Demand Liquidity ... and this is capturing 80% of the remittance market besides Tokenisation, which may see some competition but this is not a bad thing. Market is bearish, Yes. Retail is Overleveraged and afraid. Yes. May it dip - sure. Buy the dip ... *Not financial advice. Do your own research. But use logic, not emotion.*

Cowboy_Auctioneer

I mean i don’t like xrp but I don’t think the SWIFT announcement was the reason and if it was I’m sure there were others too. But I could be wrong.

Available_Win5204

Uhh... wow dude great. Now show me a press release or any type of media from SWIFT using that word lol. This is about as pathetic as making a blog post that you're dating an actress and then linking me to it.

ThriceHawk

He's talking about SWIFT's announcement at Sibos yesterday... Announcing they will integrate their own blockchain based shared ledger into their network. They're doing it with the help of Chainlink and Consensys... alongside Bank of America, JP Morgan, BNP Paribas, etc. Every step the large financial institutions take is one step further to disprove the XRP narrative. It's just not needed at a scale that justifies its marketcap.

coinfeeds-bot

tldr; SWIFT has partnered with Ethereum-based Consensys to develop a blockchain-based settlement system for cross-border payments. Involving over 30 financial institutions, the initiative aims to create a real-time, 24/7 platform for tokenized asset exchanges, ensuring compliance with KYC and AML standards. Leveraging SWIFT's global network and Consensys' blockchain expertise, the project seeks to reduce transaction times and costs, with broader trials planned for 2026. This marks a significant step in integrating blockchain with traditional finance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The total cryptocurrency market capitalization has reclaimed $4 trillion, signaling a potential resumption of the bull market as October, historically a bullish month, approaches. Bitcoin led the recovery, reaching $114,800, with analysts suggesting the market bottom may have passed. Ethereum also rebounded, reclaiming $4,200, supported by positive news like Consensys collaborating with SWIFT on blockchain prototyping. Analysts are optimistic about further gains if key resistance levels are breached. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CaptainRelevant

Nah. It means nothing for this bull run. If I had to bet, I’d say it’s competitive for XRP in the long run (4+ years) but not a complete XRP killer. XRP can eat into SWIFT’s business but never ever replace it. Maybe this reduces it from, say, 8% to 6% of the international payments market (of which SWIFT has 99% now) or something like that.

CaptainRelevant

Not every. SWIFT’s charter forbids exclusivity. In addition to Link as a medium for settlement, [SWIFT is also experimenting with Linea (an ETH L2)](https://bravenewcoin.com/insights/swift-reportedly-is-teaming-up-with-ethereum-network-linea-for-major-blockchain-test).

CaptainRelevant

Most rational XRP holders think Ripple will cut into SWIFT’s business, not completely replace SWIFT. It’s not winner-take-all.

CaptainRelevant

Priced in. SWIFT has been making announcements regarding their own blockchain since 2017.

CaptainRelevant

SWIFT has been saying they would use their own blockchain for a while now. As early as January, 2017 they announced success with their distributed ledger technology (DLT) as part of their Global Payments Innovation (GPI) initiative.

CaptainRelevant

SWIFT has been saying this since 2017 with their GPI initiative.

CaptainRelevant

SWIFT has been saying they would use their own blockchain for a while now. As early as January, 20-7 they announced success with their distributed ledger technology (DLT) as part of their Global Payments Innovation (GPI) initiative.

IWTLEverything

Ripple has always been a competitor of SWIFT, I don’t know why anyone ever thought SWIFT’s solution would include XRP.

binary_quasar

I can't wait to see XRP holders try to spin this as good for the XRPL. They were always wrong about integrating with SWIFT and it had been blatantly obvious for years now. They kind of deserve it.

binary_quasar

Hey dumbass, [check out this article straight from SWIFT outlining literally what I predicted.](https://www.reddit.com/r/CryptoCurrency/s/PUiySrCkFH) XRP holders better figure out how they're going to spin this one lmao. The XRPL was always dogshit and never going to integrate with SWIFT.

ozdoz71

Read again what the pilot was for, it was not for a worldwide SWIFT blockchain

OhWiseWizard

If you can't read between the lines of SWIFT saying "We're working with Chainlink on interoperability" and SWIFT saying "we're launching a blockchain that will use our interoperability framework" then idk how to help you, really.

ozdoz71

You keep claiming that they announced they will use Chainlink for the SWIFT ledger, while it's not true. The pilot was for certain business integrations, not a blockchain

BlackjointnerD

No obviously the commenter is and probably you. Again r cryptocurrency says shit that has already been addressed. Ripplenet is one of the most successful financial product suites on planet earth and XRP is one of the most liquid assets in existence currently. Heres some more updated information for you clown. Go read the finextras sibos 2025 report ---> https://www.finextra.com/researcharticle/356/the-future-of-cross-border-payments-2026-strategies-for-success "We expect a shift from correspondent banking to multi- rail orchestration, blending SWIFT, crypto rails Ripple, Stellar, and domestic RTGS. Business models will increasingly emphasise platform-based connectivity, data monetisation, and compliance-as-a-service,” - State Street Vice presiden, Mostapha Tahiri They work with over 50 trillion. You must of forgot blackrock and van eck are tokenizing on XRPL soon now too? https://x.com/Securitize/status/1972695956647813180 Kick rocks

OhWiseWizard

SWIFT will need/want to connect to all of the bank chains, public chains, etc. There will literally be hundreds if not thousands of chains as part of this system.

Diabolo_Advocato

There will always be more than 1 option, there will always be other networks. While there are ones leading the pack, do you think any system will gain a monopoly? We are talking multiple trillions of dollars being transacted, sometimes in quantities of multiple billions at a single time. A network outage, downtime, or target attack that takes down the network would mean a single point failure. At that level if value, it would have be a world ending event for it to succeed. Prior to cryptocurrency, there were a dozen competitors to SWIFT as an outage to SWIFT would cause massive (expensive) delays, but those delays were far better than outright not being completed. Likewise here, there will (and should) be more than one network, not just for interoperability, but for industry robustness. Say HBAR or XRP collapse, then there is still LINK, or LINK goes down, there is XRP, and any other combination thereof. Bottom line: there wont be just one and there never will be. Networks are too fragile to hold the designation the single point of failure.

Mulvita43

They were the two being piloted supposedly and SWIFT said nope, we doing our own

juan-querendon

This is exactly why we need bitcoin. There is a book which author I don't remember. Underground empire, it states how the US has massive infrastructure to isolate and sanction countries besides diplomatic/wars means. One of those is the blocking of international payments. Iran was sanctioned and no US company can facilitate payment, even SWIFT that is European , had to oblige to the US sanctions to Iran. Another one is the Internet traffic. More than 30% , goes through US servers, they can literally block or spy in any data exchange done within their servers. No law protects privacy in the US for non US citizens.

OhWiseWizard

SWIFT is going to use Chainlink CCIP to connect all of these things, also announced today: [https://www.prnewswire.com/news-releases/chainlink-and-24-leading-financial-market-participants-advance-industry-initiative-to-solve-58-billion-corporate-actions-problem-302569071.html](https://www.prnewswire.com/news-releases/chainlink-and-24-leading-financial-market-participants-advance-industry-initiative-to-solve-58-billion-corporate-actions-problem-302569071.html)

ThriceHawk

😂 That's why JP Morgan just partnered with them, that's why Mastercard just partnered with them. That's why SWIFT is about to go into production with them. Good Lord...

JustStopppingBye

https://imgur.com/a/VioZLZ5 >The Overstated SWIFT Narrative >People love to say “SWIFT will use XRP.” But think logically: why would any financial network willingly hand over its entire reason for existence to another asset? It would be corporate suicide. They won’t, the CIO of Swift agrees. Finally you’re right about something! https://youtu.be/hdLjIVlA_DA?si=xDNDUkHnjDezoM1d

East-Day-7888

ETFs for XRP are more likely to serve as exit liquidity than a true price booster. Institutional investors and accredited buyers—who never needed an ETF to purchase in the first place—will simply rotate liquidity into your parents’ 401k. That concentrates buyers into retirement-age accounts, a demographic that will soon be forced to sell for survival, not accumulate. Pair that with XRP’s 40% dilution (and more supply still unlocking), and the setup is obvious: massive downward pressure. --- The Overstated SWIFT Narrative People love to say “SWIFT will use XRP.” But think logically: why would any financial network willingly hand over its entire reason for existence to another asset? It would be corporate suicide. Meanwhile, companies like Plaid already do what XRP hopes to achieve, and much more—yet Plaid is valued at ~$10B, not $300B. If Plaid’s utility justifies $10B, how is XRP’s utility somehow worth 30x more when it isn’t even doing the job? --- Utility vs. Store of Value XRP may survive as a speculative store of value—like DOGE, SHIB, or even Bitcoin—but let’s be honest: its utility doesn’t justify its current market cap. I’ve broken down max possible network revenues before, and the math is damning. At best, XRP’s network could generate less than what a single Silicon Valley engineer earns annually. That makes the network structurally unsustainable, relying on token unlocks just to pay staff. --- Hedera vs. XRP It’s also worth pointing out: XRP and Hedera don’t even compete for the same clients. XRP is positioned as a finance token. Hedera is a consensus mechanism and trust rail for Web3. You could build XRP as a dApp on top of Hedera. But you could never build Hedera on XRP. That difference in architecture is fundamental. --- TL:DR: ETFs don’t save XRP. They just shift the risk to retirement accounts. SWIFT isn’t handing over its throne. Utility doesn’t match valuation. And dilution hasn’t even finished playing out. XRP may exist as a store of value like memecoins, but the dream of world-changing utility is already priced in 30x over, Hbar was never competing with Xrp to be a finance token.

Pinewatch762

Because of the SWIFT ordeal? Probably wouldn’t hurt but you’re better off just buying eth since linea is a L2.

coinfeeds-bot

tldr; SWIFT has chosen Linea, an Ethereum Layer-2 blockchain by Consensys, for a pilot program testing blockchain messaging and stablecoin payments. The initiative involves major banks like BNP Paribas and BNY, aiming to integrate payment instructions and settlement on-chain to reduce costs and enhance transparency. This move intensifies competition with Ripple, which also offers blockchain-based payment solutions. The pilot could reshape global payment systems, potentially favoring bank-controlled infrastructures over private networks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

binary_quasar

We get it. You're highly regarded. That's literally why I said they would use a private chain stablecoin numb nuts. Why else would retail be onboarded? Their private chain, using chainlink as their data provider, can do all of that and more. And also not have to collaborate with toxic xrp army regards and endure massive swings. You xrp folks have been saying the same shit for years and it's clearly never going to happen. SWIFT will never fully integrate with the XRPL because there are tons of better options.

binary_quasar

For me, it's simple. I believe, with a fairly large amount of evidence, that retail investors were only onboarded onto the XRPL to be exit liquidity for banks. You're their liquidity piggy bank that they continue to dump on and they expand other projects with the money from retail investors they dupe with "<bank> enters partnership with XRP!" When that partnership is almost entirely irrelevant to the XRPL. Almost nobody is actually using the XRPL and anybody can see that with the lack of really much of any on-chain activity. Beyond the fact that this entire space was born out of disdain and distrust for banks and I don't like supporting their finanacial dealings using my hard earned liquidity, it's really a ghost chain built on an idea of it taking over SWIFT. That's just never going to happen. There are so many better options than thr XRPL for SWIFT, especially with the stablecoin framework becoming law.

Arijan101

>$Toshi Coin is definitely the future of global finance, Yeah I can confirm. World governments are planning to replace the SWIFT payment system with $Toshi Coin. Also the E.U. is planning on replacing the Euro € with $Toshi Coin. $65T market cap is basically inevitable.

Orly5757

I swear you guy act like some 19 year old hacker is going to be in charge of a quantum computer. However gets this kind of power isn’t wasting it on a few bitcoins. We are talking about cracking nuclear codes, power grids, air traffic control channels, SWIFT networks, payment processors, encrypted military communications and secrets. My God man, think bigger. Bitcoin is a waste their efforts when you look at the big picture.

Orly5757

You act like whoever has this quantum computer is an average dipshit. Do you know how much time and money will have gone into that? Do you understand the power that country or entity would have? You think bitcoin is what they would attack when there are SWIFT networks, payment processors, encrypted military communications, nuclear command channels, aerospace and defense blue prints, power grid control systems, etc. You are thinking too small.

SJ-UK

IF it comes to life.... Crypto is the least of our worries.... Nuclear codes, insurance database, SWIFT.... All secured by cryptography.