SWIFT Uses R3 Corda to Settle Payments Using XRP

In a revelation that is sending ripples across the blockchain and global payments landscape, prominent crypto influencer SMQKE has reported on X that SWIFT, the world’s leading interbank messaging system, is now leveraging R3 Corda’s blockchain platform to settle payments using XRP. This development, while long speculated in blockchain circles, marks a potentially transformative convergence between the centuries-old financial messaging giant and cutting-edge distributed ledger technology (DLT), positioning XRP at the heart of global payment infrastructure. The Intersection of SWIFT, R3 Corda, and XRP SWIFT , formally known as the Society for Worldwide Interbank Financial Telecommunication, is the backbone of international banking communication, connecting over 11,000 financial institutions across more than 200 countries. Traditionally, SWIFT has only handled the messaging layer of cross-border transactions — the actual money settlement still takes days due to intermediaries, reconciliations, and liquidity bottlenecks. Blockchain technology, with its promise of near-instant settlement and transparency, has long been eyed as the key to modernizing this outdated system. SWIFT using R3 Corda to settle payments using XRP. pic.twitter.com/zkzExHU4Ib — SMQKE (@SMQKEDQG) May 27, 2025 Enter R3 Corda, a leading enterprise blockchain platform designed to facilitate secure, direct transactions between financial institutions. Unlike public blockchains like Ethereum or Bitcoin, Corda is designed for enterprise use, enabling private and permissioned transactions that meet stringent regulatory and privacy standards. Importantly, R3, the consortium behind Corda, has maintained a longstanding relationship with Ripple, the company behind XRP, and has developed capabilities for XRP settlement within its ecosystem. SMQKE’s post draws attention to what appears to be the formal integration of these elements: SWIFT using R3 Corda’s blockchain network as a settlement layer, with XRP acting as the digital asset bridging currency. This combination — SWIFT’s vast reach, Corda’s enterprise-grade DLT, and XRP’s speed and liquidity — could reshape the flow of international payments. Why XRP Is Central to This Integration XRP has always stood out among digital assets due to its design as a bridge currency for cross-border payments . Unlike Bitcoin, which is often compared to digital gold, or Ethereum, which serves as a base layer for decentralized applications, XRP’s primary use case is to facilitate fast, low-cost transfers of value between disparate currencies. RippleNet, Ripple’s global payments network, already uses XRP in its On-Demand Liquidity (ODL) corridors, eliminating the need for pre-funded nostro-vostro accounts and unlocking trapped capital for financial institutions. With SWIFT reportedly now tapping into this ecosystem through R3 Corda, XRP’s utility appears to be expanding significantly. Instead of merely operating within Ripple’s proprietary network, XRP could now serve as a settlement asset across the vast SWIFT network, potentially powering real-time cross-border transactions between thousands of banks. This elevates XRP from a niche liquidity solution to a crucial component of the global financial system. Implications for Global Payments The integration of SWIFT, Corda, and XRP could have seismic implications for the future of global payments. Firstly, settlement times could plummet from several days to mere seconds, dramatically improving the efficiency of international trade, remittances, and capital flows. Banks and corporations would benefit from reduced operational costs, minimized counterparty risk, and enhanced liquidity management. The use of XRP, a neutral digital asset, reduces the need for correspondent banking networks that typically rely on dominant reserve currencies such as the US dollar and euro. This could democratize access to efficient cross-border payments, especially for emerging markets and smaller financial institutions that often face prohibitive costs in the current system. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Thirdly, by leveraging R3 Corda’s permissioned blockchain, SWIFT can offer a high degree of privacy and regulatory compliance — two critical concerns for the conservative financial industry — while still harnessing the benefits of public digital assets such as XRP. This hybrid model blends the best of both worlds: the speed and innovation of crypto, with the security and oversight of traditional finance. A Long-Awaited Milestone For years, the crypto community has speculated about when — or if — SWIFT would embrace blockchain technology in a meaningful way. While SWIFT has conducted DLT trials, the move to settle payments with XRP via R3 Corda is one of the most substantial and impactful steps taken so far. It signals not just an experiment, but a potential production-level deployment that could redefine how value moves across borders. Moreover, this development places XRP at the forefront of institutional-grade blockchain adoption, countering narratives that its utility was limited to Ripple’s network. It reinforces XRP’s position as a neutral, highly liquid settlement asset and offers new momentum for its broader adoption by financial institutions worldwide. Looking Ahead As the global financial system continues to evolve under the pressure of technological innovation, partnerships and integrations like the one reported by SMQKE are critical markers of where the future is headed. The marriage of SWIFT’s entrenched network, R3 Corda’s enterprise blockchain, and XRP’s digital liquidity creates a powerful trifecta capable of transforming cross-border payments at scale. While the details of the implementation and rollout timeline remain to be fully disclosed, the significance of this development cannot be overstated. It represents a major leap forward for blockchain’s role in mainstream finance and underscores the growing recognition of XRP as a key player in the emerging digital economy. In the coming months, market watchers, financial institutions, and crypto enthusiasts alike will be closely monitoring how this integration unfolds — and whether it paves the way for a new era of faster, cheaper, and more inclusive global payments. 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 readers 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 SWIFT Uses R3 Corda to Settle Payments Using XRP appeared first on Times Tabloid .