In a recent video analysis, a leaked slide showcasing SWIFT's payment infrastructure has positioned Ripple prominently as part of its payment flow, sparking debate among industry analysts.
The video features Ripple Bull Winkle, who discusses whether SWIFT will integrate XRP into its systems. During the episode, a Swift-branded slide was highlighted, revealing Ripple in a central role between local banks in a transaction process. This slide, resurfaced by researcher SMQKE, has been described as a significant moment in the ongoing conversation regarding Ripple's involvement with SWIFT.
Analysts Clash Over Ripple's Involvement
The host emphasized neutrality but found himself amid a contentious discussion between analysts regarding the implications of SWIFT's technological upgrades. One analyst warns against assuming that SWIFT is using XRP, stating that current public information only supports the adoption of the ISO 20022 messaging standard, not the use of Ripple’s token. In contrast, another analyst argues that Ripple’s asset provides solutions to liquidity issues faced in global transactions.
SWIFT Upgrades and Ripple's Technology
SWIFT's recent upgrades are primarily viewed as improving the user interface without fundamentally changing the underlying nostro/vostro account systems. Conversely, Ripple is positioned as a solution to the existing gaps within international payments and liquidity challenges.
Further complicating the discussion is a former SWIFT executive now linked to Euro Exim Bank, who suggests that XRP will eventually be adopted within the SWIFT ecosystem. Critics dismiss this forecast, arguing that the individual’s past affiliation does not equate to current knowledge of SWIFT’s architecture.
RippleNet and Euro Exim Bank
Documentation from Euro Exim Bank touts the use of RippleNet’s on-demand liquidity, allowing clients to rapidly transition between their own currencies, utilizing XRP as the underlying digital asset. The bank is presented as a notable user of XRP in practice, despite the ongoing debate about SWIFT’s potential adoption of the cryptocurrency.
This material is informational and not financial advice.
