Crypto researcher SMQKE has drawn attention to Eastnets’ newly launched Managed SWIFT Service, claiming it plays a role in integrating Ripple’s blockchain into SWIFT’s financial infrastructure.
According to SMQKE, Eastnets’ PaymentSafe platform connects Ripple’s technology with SWIFT’s traditional systems, making XRP an ISO 20022-compliant asset capable of moving through the network.
RIPPLE IS ACTIVELY BEING INTEGRATED INTO SWIFT
Third-party partnerships like Eastnets and Ripple are key to enabling XRP to move across the SWIFT network as an ISO 20022-compliant asset.
Eastnets’ PaymentSafe platform connects Ripple’s blockchain technology with SWIFT’s… https://t.co/rsF3786dC6 pic.twitter.com/PMLx1qSdfz
— SMQKE (@SMQKEDQG) February 5, 2025
The researcher suggests that PaymentSafe is an interoperability hub that enables seamless integration between blockchain solutions like Ripple and legacy financial institutions.
SMQKE claims this connection allows XRP to function as a bridge currency for cross-border payments within SWIFT’s global network. Additionally, they argue that financial institutions using PaymentSafe can benefit from Ripple’s blockchain without making disruptive changes to their existing infrastructure.
Eastnets’ Managed SWIFT Service on AWS
Eastnets officially announced its Managed SWIFT Service on AWS Cloud as a solution for financial institutions seeking a more secure, scalable, and compliant way to handle SWIFT transactions. The service aims to replace traditional SWIFT management with a more efficient and cost-effective alternative.
The platform integrates key SWIFT components, including SWIFT Alliance Access (SAA), SWIFT Alliance Gateway (SAG), API integration, and ISO 20022 translation. One of its highlighted features is an advanced payment hub that automates processing, detects duplicates, monitors transactions, and enhances fraud prevention. AWS infrastructure is expected to improve security, scalability, and operational resilience.
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The Role of XRP in Cross-Border Transactions
SMQKE’s claims suggest Eastnets’ service could indirectly support XRP as a bridge currency within SWIFT. Ripple’s technology has long been positioned to facilitate faster, cheaper cross-border payments, and PaymentSafe’s interoperability could make it easier for institutions to tap into these benefits.
However, Eastnets’ official announcement does not mention Ripple or XRP directly. While the service emphasizes compliance with ISO 20022 standards and interoperability between financial networks, there is no explicit confirmation of Ripple’s involvement in the integration.
Industry Implications
The discussion surrounding Eastnets’ SWIFT service reflects the growing interest in bridging blockchain technology with traditional financial systems. While Ripple’s role in this specific integration remains speculative, the broader trend of financial institutions adopting blockchain-based solutions continues to gain momentum. As Eastnets’ service expands, further clarity on its potential use of XRP may emerge.
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.
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