SWIFT Won’t Launch Crypto For This Major Reason Related to Ripple and XRP

SWIFT has quietly made a critical decision that sets the tone for its role in the future of digital finance. As payment systems grow more complex and diverse, the organization is positioning itself to remain essential, not by dominating new technologies but by adapting to them. Rather than launching a proprietary cryptocurrency, SWIFT has opted to work alongside existing digital currency networks. The decision is deliberate. By not competing with third-party providers such as Ripple, which is associated with the widely used XRP token, SWIFT avoids undermining the very fintech ecosystems it plans to integrate. This was recently revealed by crypto researcher SMQKE (@SMQKEDQG), who shared SWIFT’s position along with a video of a SWIFT official detailing the strategy, and direct statements from Stephen Grainger, Chief Executive for the Americas and UK regions at SWIFT. SWIFT WON’T LAUNCH ITS OWN CRYPTOCURRENCY TO AVOID CONFLICTING WITH NETWORKS LIKE RIPPLE Documented. https://t.co/iiHP1afraA pic.twitter.com/m4a86CVEXE — SMQKE (@SMQKEDQG) June 11, 2025 ISO 20022 and Potential Crypto Integration At the core of SWIFT’s strategy is the ISO 20022 messaging standard, a framework that enables richer, more structured data in financial transactions. This standard serves as the foundation for connecting SWIFT’s 11,000+ institutional members with modern payment technologies, including digital currencies. SWIFT has announced November as the deadline for full migration to this standard, and Grainger made it clear that SWIFT is not entering the business of issuing or generating digital assets. This separates SWIFT from entities like Ripple, which use digital currencies such as XRP to facilitate payments on distributed ledger networks. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 SWIFT’s position is not dismissive of cryptocurrencies. Grainger emphasized that the organization does support interoperability with crypto-based services through its Global Payments Innovation (GPI) platform, stating, “That doesn’t mean SWIFT will ignore cryptocurrency entirely when it comes to its gpi service.” He added that if banks choose to work with digital assets, “we’re able to support them. Our network can support them, but we don’t want to compete in that space with our members.” This is good news for XRP, as Ripple’s payment system is ISO 20022 compliant , positioning XRP at the forefront when SWIFT chooses to go forward with its blockchain integration . Will Ripple Work With SWIFT? Ripple’s presence in cross-border finance has long invited comparisons to SWIFT . However, the two are now more likely to converge than collide. By integrating XRP and similar digital assets through ISO 20022 rather than replacing or ignoring them, SWIFT preserves neutrality and sidesteps the challenges associated with issuing a native token. 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 advised to conduct thorough 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 SWIFT Won’t Launch Crypto For This Major Reason Related to Ripple and XRP appeared first on Times Tabloid .

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