Recent statements by crypto researcher SMQKE confirmed that value transfer between the XRP Ledger and SWIFT is now possible using GateHub. This opens new horizons for the integration of cryptocurrencies and traditional finance.
GateHub's Role in XRP Ledger Interoperability
GateHub, one of the early gateways built on the XRP Ledger, has expanded its utility by supporting transfers across major networks, including SEPA and SWIFT. This infrastructure enables users to send and receive fiat currencies directly through XRPL wallets, providing real-world liquidity pathways.
According to an announcement published on GateHub’s website, the collaboration with XRPL Labs allows for the management of 14 assets, positioning XRPL as a central settlement layer interfacing directly with global financial networks.
Ripple CEO Highlights XRPL’s Competitive Edge
This update comes shortly after comments made by Ripple CEO Brad Garlinghouse at the XRPL Apex event in Singapore. He projected that XRPL could handle up to 14% of SWIFT’s global transaction volume within the next five years. Garlinghouse emphasized that the future of cross-border payments depends less on messaging protocols and more on actual liquidity movement.
He asserted that XRP is designed to facilitate this, noting its speed and utility in enabling real-time settlements.
Technical Basis and On-Chain Evidence
Garlinghouse’s remarks were made during a Q&A session with Ripple CTO David Schwartz present. He reiterated that XRP was created to improve upon legacy systems, which are often slow and expensive. The new developments involving GateHub demonstrate a tangible connection between the XRP ecosystem and SWIFT-compatible operations.
The technical image shared by SMQKE shows GateHub as a node providing credit links between multiple users, reinforcing GateHub’s role as an intermediary for fiat-crypto exchanges through the XRP Ledger.
As Ripple continues to expand its enterprise partnerships and confirms live interoperability with SWIFT via GateHub, the prospects for XRPL in cross-border finance appear promising. These technical and partnership developments reinforce Ripple’s ambitions to integrate with traditional financial systems.
