SWIFT has made clear it will not create a proprietary digital currency. Instead, the global financial messaging giant is focusing on enabling third-party digital assets through ISO 20022. In a recent X post, John Squire shared a video in which a SWIFT executive described the organization’s “biggest new opportunity” as integrating with various networks and digital platforms under a single, transparent framework. By choosing interoperability over a native token, SWIFT avoids direct competition with established blockchain networks such as Ripple’s XRP Ledger (XRPL). BREAKING: SWIFT embraces ISO 20022 with third-party digital currencies — no native token planned. Why? To avoid competing with networks like Ripple’s XRPL. $XRP The future is interoperability, not monopoly. pic.twitter.com/1NasTCUlBL — John Squire (@TheCryptoSquire) September 16, 2025 The Power of ISO 20022 ISO 20022 is more than a simple messaging upgrade. It introduces a rich, structured data standard that streamlines cross-border payments, minimizes exceptions, and reduces costly investigations. According to SWIFT’s updates, the shift enables banks to provide enhanced products and services while improving speed and accuracy. These benefits are crucial as financial institutions face pressure to deliver faster, frictionless payments and compete with new digital entrants. Building an Orchestration Layer, Not a Token Rather than issuing its own currency, SWIFT is constructing an orchestration platform that coordinates transactions across multiple payment systems. Standardized ISO 20022 messaging enables SWIFT to oversee settlement rules, transparency, and interoperability across traditional banking systems, instant payment networks, digital wallets, and distributed ledger platforms, circumventing the regulatory and commercial challenges associated with introducing a proprietary cryptocurrency. Implications for Ripple and XRP For Ripple and the XRP ecosystem, SWIFT’s stance removes a potential institutional rival. XRP already aligns with ISO 20022 standards , which could allow for easier integration with banks seeking efficient cross-border liquidity solutions. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Still, compatibility does not equal adoption. Any significant use of XRP will depend on the results of SWIFT’s ongoing digital-asset trials, regulatory approvals, and the willingness of banks to leverage XRP as a liquidity bridge. Market Impact and Competitive Landscape SWIFT’s decision underscores a broader industry trend: competition is shifting from token ownership to service orchestration. SWIFT enhances its role as a central component of global finance by standardizing data and prioritizing interoperability, enabling member banks to select digital networks that suit their requirements. This neutral stance fosters cooperation with blockchain platforms, promoting collaborative efforts rather than direct competition. Looking Ahead SWIFT plans to complete key ISO 20022 migration milestones and expand live digital-asset trials through 2025. The success of these pilots will determine how quickly banks adopt tokenized settlement solutions and whether networks like Ripple’s XRPL gain traction. As John Squire highlighted, the future of cross-border payments is not about monopolies but about seamless integration across diverse systems. 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 SWIFT Avoids Competing with XRP? SWIFT Embraces ISO 20022 With No Plan to Launch Native Token appeared first on Times Tabloid .
