XRP Is Built for This: SWIFT Adopts ISO 20022, Major Overhaul Coming

Captain Redbeard, a prominent voice on X, recently sounded the alarm on a major shift in global finance: “SWIFT adopts ISO 20022 – Major overhaul coming! Legacy system gets an upgrade… and guess who’s already ISO 20022 ready? $XRP is built for this.” His post underscores a pivotal transformation that is reshaping the financial landscape—and placing XRP at the center of the conversation. The Global Transition to ISO 20022 ISO 20022 is the new global standard for financial messaging, replacing the decades-old MT format used by SWIFT. The new standard utilizes XML-based messaging, enabling more detailed and comprehensive transaction data. Since 2018, SWIFT has been preparing the global financial network for this change, with full adoption expected by November 2025. SWIFT adopts ISO20022 – Major overhaul coming! Legacy system gets an upgrade… and guess who’s already ISO20022 ready? $XRP is built for this. The new financial era is loading… pic.twitter.com/J1DBX6JQ2v — Captain Redbeard (@Brett_Crypto_X) July 20, 2025 The goal is clear: enable faster, more transparent, and data-rich transactions across borders. By adopting ISO 20022, institutions can expect enhanced automation, improved regulatory compliance, and more precise transaction tracking. However, not all banks are ready. As of mid-2025, Brown Brothers Harriman reported that less than half of SWIFT-connected institutions had achieved full compliance, underscoring the need for swift action. Why It Matters This migration is far more than a technical upgrade; it represents a complete overhaul of how money moves globally. With ISO 20022, financial institutions can leverage richer data to enhance fraud detection, optimize operations, and drive innovation, including real-time payments and digital asset integration. State Street and other major institutions have noted that ISO 20022 is key to staying competitive in the evolving financial ecosystem. Yet the sheer scale of global adoption means that banks and payment networks must quickly modernize or risk being left behind. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP’s Strategic Advantage Ripple’s XRP Ledger stands out for its native ISO 20022 compatibility, giving it a significant advantage over traditional banking systems still playing catch-up. Ripple joined the ISO 20022 standards body in 2020 and built its technology to align with these standards, making XRP uniquely suited for the demands of modern finance. This readiness is paying off. In 2025 alone, RippleNet has processed over $1.3 trillion in payments across more than 300 financial partners. With transaction finality in seconds, near-zero fees, and 24/7 availability, XRP is already delivering on the promises that ISO 20022 seeks to unlock. The recent upgrade of the Federal Reserve’s Fedwire system to ISO 20022 further strengthens XRP’s relevance. Analysts believe Ripple’s infrastructure, bolstered by partnerships like Volante Technologies, positions XRP to play a key role in the future financial system post-ISO 20022 migration. The Road Ahead While SWIFT is also evolving, including through its GPI initiative for faster payments, ISO 20022 opens the door to blockchain-based solutions such as XRP . For financial institutions, the choice is becoming clear: modernize legacy systems, or embrace decentralized networks that already meet the new standards. Captain Redbeard’s warning is timely. The new financial era is arriving fast, and XRP isn’t just ready, it was built for this. 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 Twitter , Facebook , Telegram , and Google News The post XRP Is Built for This: SWIFT Adopts ISO 20022, Major Overhaul Coming appeared first on Times Tabloid .

Source: TimesTabloid