Ripple XRP Gains Attention After SWIFT Blockchain Expansion
SWIFT's blockchain-based ledger shapes the future of Ripple XRP.
1SWIFT's Blockchain Move
SWIFT has moved its blockchain-based shared ledger into live operational use. This initiative brings together 17 pioneer banks for 24/7 tokenized cross-border payments. Built on Hyperledger Besu and Chainlink CCIP, the system aims to revolutionize financial transactions.
2The Role of Ripple XRP
SWIFT's native ledger does not directly use XRP, but an indirect connection is established through Ripple's On-Demand Liquidity product. XRP is used as a bridge asset for instant payments, depending on how banks utilize Ripple's liquidity services.
3Direction of the Financial Sector
SWIFT's move indicates that the financial sector is moving towards the model Ripple has been building for years. Programmable and always-on payment systems eliminate the need for pre-funded nostro accounts.
4Bank Participation
SWIFT's payment framework includes over 30 banks with existing Ripple ties. However, not all of these banks actively use XRP. Many use RippleNet solely for messaging purposes.
5Future Steps
SWIFT has explicitly stated its goal to become a platform for programmable money and automatic payment systems. This could eliminate the manual approval process in financial transactions.
6The Future of XRP
SWIFT's development is a credibility event for the Ripple ecosystem. However, the future of XRP depends on whether banks actively use On-Demand Liquidity routes.
Original article: News - Cryptonews — Ripple XRP, SWIFT'in Blockchain Genişlemesiyle Dikkat Çekiyor