Well, well, well… it looks like SWIFT has decided to join the 21st century! They’ve announced plans to adopt the ISO 20022 standard and, surprise, surprise, they’re also throwing in some blockchain tech into the mix. But, and here’s the kicker – they claim they have absolutely NO plans to launch a token to compete with Ripple’s XRP. Hmm, interesting! 🧐
SWIFT Takes a Big Step… or Is It? 🚶♀️💥
In a *very* exciting X post (because nothing says “exciting” like a tweet-turned-video), crypto guru John Squire shared a clip where a SWIFT exec proudly announced that they’re going to integrate ISO 20022 for their payment services. You know, for all those *extra* value-added products and services banks can offer. She was basically saying, “Hey, let’s make our payment rails *super* interoperable with everything else!” A bold move, given how Ripple has been strutting around with XRP like the popular kid at school. 😏
And the SWIFT exec said something else that raised a few eyebrows: the company’s big focus is on integrating with a bunch of different networks, rails, and third parties. She said they’ll manage all this magic with one central platform using ISO 20022. So basically, SWIFT’s new system is like that universal remote that controls your TV, AC, and refrigerator… but without the complicated setup. 🕹️
Now, here’s the juicy bit: SWIFT doesn’t plan on launching a network or adopting a specific blockchain, unlike Ripple with its XRP Ledger (XRPL) and, you know, XRP. The SWIFT exec made it clear that they don’t want to compete with already established crypto networks (like XRPL) because, well, that would be silly, right? 😜
Meanwhile, John Squire dropped a little wisdom: the future is interoperability, not monopoly. Translation? SWIFT is basically saying, “Hey, we’re not here to squash Ripple, we just want everyone to play nicely in the sandbox.” Which sounds sweet, but does it mean XRP’s dream of reaching crazy-high price targets is going down the drain? Well, some people think so, but hey, who can predict the future? 🤷♀️
Ripple’s Interoperability Plans – Because They’re Not Sitting Pretty 🏃♂️💨
But hold up – Ripple isn’t exactly sitting back and relaxing, either. They’re also pushing for interoperability, just like SWIFT. In fact, Ripple’s latest acquisition, stablecoin platform Rail, supports SEPA, FedWire, ACH, and yes, even SWIFT payment rails. Now that’s a *flex*. 💪
Ripple’s also got a few tricks up its sleeve with Rail supporting four major layer-1 networks: Bitcoin, Ethereum, Tron, and Solana. And guess what? XRP Ledger is soon joining the party too! It’s like the coolest kid in school walking into the cafeteria late, but everyone’s already sitting at the table. 🕺💃
And, if that wasn’t enough, Ripple’s RLUSD stablecoin is already available on both Ethereum and XRPL. They’re even planning to throw Cardano into the mix. So yes, Ripple’s got its hands in all sorts of pies, trying to make sure their payment system isn’t just a one-trick pony. 🦄
As of now, XRP is sitting pretty at around $3.04, but it’s been a bit of a rollercoaster ride over the last 24 hours. According to CoinMarketCap, it’s down. So, make of that what you will. 📉
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2025-09-19 17:30