In a landmark shift for global finance, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has confirmed it will support the integration of third-party digital currencies through the ISO 20022 messaging standard. The announcement, spotlighted by prominent crypto analyst SMQKE on X, underscores SWIFT’s new direction: not competing with fintechs, but collaborating with them . SWIFT, which connects over 11,000 financial institutions worldwide, is enhancing, not replacing, its trusted network. Its goal is to interoperate with innovative platforms, including those supporting blockchain-based digital currencies. According to SWIFT, “the most significant opportunity lies in integrating diverse networks and third-party providers leveraging ISO 20022, including those supporting digital currency networks.” This bold move positions SWIFT at the center of the evolving financial landscape, where interoperability and efficiency take precedence over siloed systems. Rather than resisting the wave of decentralization, SWIFT is choosing to embrace it, making the announcement especially bullish for digital assets like XRP, which are already ISO 20022-compliant. XRP’s Strategic Advantage Among the handful of digital assets aligned with ISO 20022, XRP continues to stand out. Designed for institutional use, XRP is the native token of the XRP Ledger, a blockchain built for fast, low-cost, and eco-friendly transactions. Ripple, the enterprise blockchain company closely associated with XRP, has spent years engaging with central banks, regulators, and financial institutions to build bridges between traditional finance and the digital asset space. XRP’s technical compatibility with ISO 20022 isn’t incidental; it’s foundational. RippleNet, Ripple’s enterprise-grade payments platform, already enables real-time settlement for cross-border payments. In contrast, SWIFT has long faced criticism for delays and inefficiencies in cross-border money transfers. By aligning with ISO 20022 and seeking integration with digital asset networks, SWIFT is effectively acknowledging the value that platforms like Ripple and XRP bring to the table. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Collaboration Over Competition As SMQKE emphasized, SWIFT is not being replaced. It is evolving. The messaging giant is positioning itself as the central hub in a world where various financial networks, centralized and decentralized, must interoperate seamlessly. Its support for third-party fintechs and digital currency platforms signals a future where legacy systems and blockchain-based innovations co-exist within a unified financial architecture. This marks a shift in mindset: from defending outdated infrastructure to fostering collaboration with emerging technologies. The ISO 20022 standard acts as the common language enabling this convergence, and XRP is among its most fluent participants. A Turning Point for Global Finance SWIFT’s confirmation isn’t just a policy update; it’s a signal that the traditional financial system is ready to embrace the next generation of value exchange. By choosing integration over isolation, SWIFT is paving the way for compliant digital assets like XRP to thrive within its network. As institutional adoption accelerates, XRP’s alignment with ISO 20022 and Ripple’s existing infrastructure makes it a leading contender in this new era of financial interoperability. 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 Twitter , Facebook , Telegram , and Google News The post XRP Tops the List As SWIFT Makes This Bullish Confirmation appeared first on Times Tabloid .
