In 2020, David Schwartz Shared His Dream Scenario For Ripple, XRP, and SWIFT

John Squire (@TheCryptoSquire), a respected crypto pundit on X, recently drew attention to a 2020 statement from David Schwartz, Ripple’s Chief Technology Officer, in light of new rumors about a connection between SWIFT, Ripple, and XRP. David Schwartz’s quote from 2020, resurfaced by Squire, captures what Ripple envisioned years ago: “My dream scenario is SWIFT makes a deal with Ripple where all their banks get to use RippleNet for free, maybe even paying SWIFT.” At the time, this idea was largely speculative. Now, it appears that Ripple’s ambitions may align with real-world developments. David Schwartz, 2020: “My dream scenario is SWIFT makes a deal with Ripple where all their banks get to use RippleNet for free, maybe even paying SWIFT! Fits our #XRP strategy perfectly!” What sounded crazy in 2020… might be unfolding right now. pic.twitter.com/5RVwITlfag — John Squire (@TheCryptoSquire) April 16, 2025 Rumors began circulating recently that SWIFT is testing XRP within its network of over 11,000 banks . If true, this would mark a major development in Ripple’s long-standing strategy and significantly boost XRP’s role in global finance. XRP’s Growing Relevance RippleNet, now known as Ripple Payments, is Ripple’s proprietary network, which was designed to streamline cross-border payments, reduce fees, and eliminate inefficiencies common in traditional financial systems. XRP plays a central role by providing liquidity and enabling rapid settlement with low costs. While Ripple has consistently positioned XRP as an asset capable of replacing outdated messaging systems like SWIFT, recent developments suggest that an outright replacement may not be necessary. Instead, a collaborative approach where SWIFT banks use XRP in tandem with their existing infrastructure could prove more viable. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This possibility fits Ripple’s broader strategy, particularly in its partnerships with financial institutions worldwide. If SWIFT allows access to the XRP Ledger (XRPL) for its member banks, this would represent an unprecedented shift. Such integration would instantly expand XRP’s reach, potentially placing it at the core of a global settlement framework used by thousands of banks. Schwartz noted that this integration fits the strategy perfectly and could take it to new heights. From Competitors to Collaborators The landscape of global finance is evolving rapidly, and interoperability between traditional systems and blockchain-based solutions is becoming increasingly important. While SWIFT is the current international standard, it has numerous inefficiencies that XRP was built to address. Rumors that SWIFT is exploring XRP as part of a trial program with its vast network could indicate a major turning point. While no official confirmation has been provided, the implications are significant. Recent analysis shows that capturing just 1% of SWIFT’s daily volume could send XRP above $35 , and full integration could push the asset to unimaginable heights. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post In 2020, David Schwartz Shared His Dream Scenario For Ripple, XRP, and SWIFT appeared first on Times Tabloid .

Source: TimesTabloid