Banks Quietly Shift Toward Ripple as SWIFT Rivalry Heats Up

A growing number of banks are quietly integrating Ripple’s blockchain infrastructure to improve cross-border transactions, opting for a hybrid model that doesn’t require replacing their legacy systems.

This approach mirrors how they currently connect to SWIFT, allowing for smoother adoption.

Ripple’s appeal lies in faster settlements and lower fees, using XRP as a bridge asset. Unlike SWIFT, which can take days, Ripple enables near-instant payments. Integration is made easier through the Interledger Protocol, which connects traditional systems to blockchain networks without disrupting internal operations.

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Although central banks like those in the UK and Canada remain cautious—citing scalability and privacy concerns—financial institutions are increasingly drawn to Ripple’s ability to modernize payments without full infrastructure overhauls.

The future may not belong to a single blockchain but to interconnected networks, a vision echoed by former Ripple advisor Marcus Treacher. For now, Ripple’s model offers banks a practical path forward: blockchain benefits with minimal disruption.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.