In a recent post on X, well-known crypto researcher SMQKE (@SMQKEDQG) drew attention to Ripple’s position as a viable replacement or complement to traditional interbank systems like SWIFT. SMQKE asserted that “banks will be able to simply connect their core systems to the Ripple network in the same way they connect to SWIFT,” referring to Ripple’s Interledger Protocol (ILP) and its ability to integrate with existing financial infrastructure. The image shared in the post contains commentary on blockchain integration from banking institutions and regulators. It features insights from central banking authorities and Ripple representatives, focusing on Ripple’s technical solution as a bridge between conventional bank systems and emerging distributed ledger technologies. Yes, banks will be able to simply connect their core systems to the Ripple network in the same way they connect to SWIFT. Undeniable evidence. pic.twitter.com/rHBR5yoUBC — SMQKE (@SMQKEDQG) May 24, 2025 Addressing Blockchain Concerns Through ILP The document outlines how Ripple’s ILP differs from public blockchain frameworks by allowing banks to retain their existing ledger systems. Instead of hosting the ledger on-chain, ILP connects bank systems without requiring them to adopt blockchain infrastructure. This allows financial institutions to continue using their internal systems while coordinating payments over Ripple’s protocol, which speeds up transactions and lowers costs through XRP. Many experts believe XRP can replace SWIFT because of this system, and the excerpt clarifies that this setup “addresses the fears banks have expressed about the blockchain around privacy, scalability, regulatory approval, and the issue of having to get all parties to a blockchain to agree to validate a transaction.” In doing so, Ripple positions itself as a solution to the most cited regulatory and operational obstacles legacy financial institutions faced when evaluating blockchain adoption. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Potential Concerns and Ripple’s Advantage The excerpt also includes remarks from the Bank of England and the Canadian central bank, acknowledging the technological limitations of traditional distributed ledger systems for real-time gross settlement (RTGS). They highlighted privacy, scalability, and performance concerns, which must be addressed before fully transitioning core banking systems. Despite such reservations, Ripple’s hybrid model, enabling institutions to use blockchain rails without full reliance, is seen as practical. According to Marcus Treacher, ex-Ripple and HSBC executive, a single blockchain isn’t viable, and the future lies in multiple currency-specific blocks interconnected by Ripple. A Path Toward a New Global Payments System This framing positions Ripple as a structural layer capable of supporting a multi-currency, multi-ledger environment, similar to the role SWIFT plays today, but with XRP and its modern technology underpinning the system. Major financial institutions believe digital payments will dominate the global market by 2030 . Ripple’s architecture enables interoperability without needing every participant to operate on the same chain or platform, offering a superior alternative to legacy systems. 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 X , Facebook , Telegram , and Google News The post Banks Will Connect to Ripple Network Like They Connect to SWIFT. Here’s the Proof appeared first on Times Tabloid .
