A newly surfaced document has sparked renewed excitement in the XRP community, confirming the possibility of SWIFT and Ripple coexisting within global finance.
SWIFT and Ripple Collaboration
The document states that SWIFT has a globally adopted messaging system but does not settle payments in the same way Ripple does. This distinction allows them to exist in the same space, with SWIFT potentially utilizing Ripple’s blockchain technology. "SWIFT and Ripple could easily exist in the same space, even with SWIFT making use of Ripple's distributed ledger technology." CITE_NA
ISO 20022: Preparing for a Blockchain Future
An illustration of ISO 20022 shows that its message structure incorporates elements such as "Blockchain Address" and "Digital Ledger Identifier," indicating a strategic commitment to integrating blockchain into financial standards. This will allow institutions using SWIFT messaging to directly reference blockchain wallets and DLT identifiers.
A Turning Point in Global Finance
The upcoming update set for implementation in 2025 represents not just a technical evolution, but a structural realignment of financial messaging standards in line with blockchain innovation. SWIFT is not seen as a threat to Ripple; rather, it is viewed as a potential partner in the modernization of global finance.
This new document confirms that SWIFT and Ripple are not mutually exclusive competitors, but rather may form a complementary infrastructure, paving the way for a new era of hybrid finance.
