Ripple CEO Brad Garlinghouse has pushed back against SWIFT’s announcement of a blockchain-based shared ledger prototype, arguing that the move looks more like a publicity stunt than a true leap forward in financial technology. His remarks, shared in a recent shareholder letter and explained by Jake Claver, CEO of Digital Ascension Group, have reignited debate over Ripple’s dominance in the cross-border payments space. Claver Highlights Garlinghouse’s Perspective In a video shared by Abs, host of Good Morning Crypto podcast, Jake Claver broke down Garlinghouse’s reaction for the XRP community. Claver explained that the Ripple chief views SWIFT’s prototype as more of a marketing strategy, particularly timed to generate buzz ahead of the Sibos conference. “While SWIFT is still talking about prototypes, Ripple has already built and deployed real digital asset infrastructure,” Claver noted, emphasizing the contrast between Ripple’s delivery and SWIFT’s experiments. His analysis echoed Garlinghouse’s confidence that Ripple’s head start positions it well ahead of legacy competitors. BREAKING: RIPPLE CEO BRAD GARLINGHOUSE RESPONDS TO SWIFT BANKING ANNOUNCEMENT! $XRP HOLDER WATCH VIDEO BELOW! https://t.co/rDgyUTR6M1 pic.twitter.com/tTv0K1ShKY — Good Morning Crypto (@AbsGMCrypto) October 2, 2025 Garlinghouse’s Message to Stakeholders In his letter, Garlinghouse addressed the questions Ripple had received following SWIFT’s announcement. He noted that while SWIFT was once a major competitor to Ripple , the industry has undergone significant changes since then. “It’s true in the early days we did view SWIFT as a major competitor, but the reality is in the time it’s taken for them to announce a prototype, we’ve been building robust digital asset infrastructure, expanding on our payments product to custody, stablecoins, and development on the XRPL and more with recent acquisitions.” Garlinghouse added that Ripple’s review of SWIFT’s announcement confirmed his view that it was “more like a marketing play in the lead-up to their annual conference, Sibos, rather than an actual meaningful product announcement.” We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Ripple vs. SWIFT: Competing Paths The sharp difference in approach between Ripple and SWIFT is becoming increasingly evident. While SWIFT is still rolling out conceptual prototypes, Ripple has spent the last 13 years building and refining real-world blockchain solutions. Its progress includes the launch of RLUSD, Ripple’s U.S. dollar-backed stablecoin, as well as ongoing development of the XRP Ledger ecosystem. This divergence highlights why Ripple is seen as an emerging leader in digital finance, offering tested solutions that financial institutions can already use. Meanwhile, SWIFT seems to have signaled its intentions rather than delivering practical tools. Community Reaction and Ripple’s Long-Term Vision The XRP community has rallied behind Garlinghouse’s candid response, viewing it as further evidence that Ripple is ahead of the curve. For many, the fact that SWIFT is only now experimenting with blockchain validates Ripple’s early strategy. Looking forward, Garlinghouse has made it clear that Ripple’s ambitions go far beyond payments . By expanding into custody, stablecoins, and XRPL-powered applications, Ripple is building a comprehensive digital finance infrastructure. With its long track record, established partnerships, and proven technology, Ripple is positioning itself not only to compete with SWIFT but to redefine the future of global finance. 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 Ripple CEO Responds to SWIFT Banking Announcement, XRP Army Reacts appeared first on Times Tabloid .
