Crypto influencer Amelie (@_Crypto_Barbie) recently shared comments made by Ripple Chief Technology Officer (CTO) David Schwartz in 2020, where he described an ideal outcome involving a collaboration between SWIFT and Ripple. Schwartz revealed that his dream scenario would be a partnership between Ripple and SWIFT where its banks used Ripple’s payment network for free. He also suggested that he would be open to paying SWIFT for this partnership, stating that it would fit Ripple’s strategy for XRP. His comments reveal how Ripple once viewed integration with SWIFT as a strategic opportunity to accelerate XRP adoption across the global banking system. However, recent developments suggest this scenario no longer aligns with Ripple’s plans. DAVID SCHWARTZ IN 2020: “MY DREAM SCENARIO IS SWIFT MAKES A DEAL WITH RIPPLE WHERE ALL THEIR BANKS GET TO USE RIPPLENET FOR FREE, MAYBE EVEN PAYING SWIFT! FITS OUR #XRP STRATEGY PERFECTLY!“ pic.twitter.com/WalYuhwGHq — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) May 1, 2025 No Partnership Between Ripple and SWIFT Contrary to the speculation implied by resurfaced statements and circulating rumors, there is no confirmed partnership between Ripple and SWIFT. Recent claims suggesting SWIFT was testing XRP across its network of over 11,000 institutions were quickly dismissed . Ripple CEO Brad Garlinghouse has been direct in distinguishing Ripple’s strategy from SWIFT’s legacy approach. He described SWIFT’s messaging-based system as outdated , implying that Ripple’s focus on real-time settlement and tokenized liquidity offers a more viable solution for modern cross-border payment needs. This direct criticism shows the competitive relationship between the two parties. While Ripple may have once considered collaboration, the current stance from its leadership reflects a clear shift toward positioning Ripple as a replacement for SWIFT. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s Vision to Replace, Not Integrate Ripple’s business model has evolved to directly challenge the systems SWIFT has built over the decades. With XRP’s increasing adoption across Asia, the Middle East, and Latin America, and growing attention on its efficiency as a bridge currency, Ripple appears committed to creating an independent global payment infrastructure. Despite the hopeful tone of Schwartz’s 2020 remarks, the current positioning from Ripple’s leadership and operational strategy shows no intention of cooperating with SWIFT. The company is focused on deploying its network, emphasizing transparency, speed, and on-chain settlement. Garlinghouse has repeatedly spoken about moving on from SWIFT’s legacy system , and XRP’s numerous advantages could usher in a new age of instant cross-border payments. While Schwartz once imagined a potential partnership with SWIFT as a dream scenario, Ripple has moved in a different direction. The company now sees itself as the foundation for a new financial system that eliminates the need for intermediaries like SWIFT, not just a supplement to the banking industry’s legacy rails. 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 Ripple CTO In 2020: My Dream Scenario Is SWIFT Makes Deal With Ripple appeared first on Times Tabloid .
