# 50 Banks Join SWIFT’s Pilot: Will XRP & XLM Collaborate? SWIFT's new move aims to reshape global payment systems. - **Source:** [DailyCoin](https://brifing.si/source/3e9b0f85-cb2f-40ee-ba61-db9410cf0937) - **Published:** 2026-07-23 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/dd640242-e2b4-481b-b8ae-d495085066d2 ## SWIFT's New Initiative SWIFT has launched a pilot program with 50 major banks to accelerate global payment systems. This initiative aligns with G20's goal of making most cross-border transactions instant by 2027. ## Blockchain Integration SWIFT aims to enhance its services by integrating blockchain technology rather than replacing it entirely. As part of this, it has added a native blockchain ledger supporting cryptocurrencies. ## The Role of XRP and XLM Ripple's XRP and Stellar's XLM offer fast and transparent payment solutions as alternatives to SWIFT's traditional system. Both technologies stand out with their ability to complete transactions in seconds. ## Bank Participation Major banks like HSBC, Citi, and Standard Chartered are part of this pilot program through their connections with Ripple and Stellar. These banks play an active role in integrating cryptocurrencies into payment systems. ## Global Preference SWIFT's new system competes with the advantages offered by XRP and XLM. However, it is still unclear which system will be preferred globally. Banks in Europe and Asia are leaning towards XRP-based solutions. ## Significance The efficiency of a $155 trillion annual market now depends on blockchain technology. SWIFT's move is seen as a significant step in shaping the future of global payment systems. ## Sources covering this story - https://dailycoin.com/50-banks-join-swifts-pilot-will-xrp-xlm-collab/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._