SWIFT ISO 20022 Integration Raises Questions About XRP Role In Global Payments

A recent tweet from Crypto Enthusiast, GA Spark, has drawn attention to the role of XRP in the evolving financial landscape.

The discussion arose following a Swift publication highlighting the company’s integration of ISO 20022 to enhance cross-border payments, interoperability, and reconciliation. The document, published on March 20, 2025, outlines Swift’s collaboration with 25 leading banks and 26 corporations to develop new payment solutions.

GA Spark’s Claim on XRP’s Role in the Financial Framework

GA Spark’s tweet stated, “BREAKING $XRP HAS ALREADY BEEN INCORPORATED INTO THE FINANCIAL FRAMEWORK.” The claim led to a debate among users, with some questioning the direct involvement of XRP in Swift’s initiatives.

A user named Glenn Laborda responded, “Nowhere do they say XRP in the huge doc! HBAR can say same thing in fact they have been so has XLM.” GA Spark acknowledged the absence of XRP’s mention in the document but pointed out Ripple’s longstanding collaboration with Swift in the payments sector

Debate Over RippleNet and XRP’s Price Impact

Another user, WorldOfChaos101, argued that if banks are using RippleNet, it would not significantly impact XRP’s price. They stated, “If they are just using RippleNet, it will mean nothing for $XRP prices just you know. It will have little or no effect on the prices.”

To clarify their point, they shared an explanation from Grok, which outlined that RippleNet can operate without utilizing XRP.

According to the explanation, many banks leverage Ripple’s technology for cross-border payments but settle transactions in fiat currencies rather than XRP, meaning RippleNet adoption alone does not drive XRP demand. GA Spark responded by distinguishing RippleNet from On-Demand Liquidity (ODL), emphasizing ODL’s reliance on XRP.

He stated, “Fair point, but here’s the catch. RippleNet can work without XRP, sure, but ODL (On-Demand Liquidity), which is growing, requires XRP. As more institutions shift to ODL to eliminate pre-funded accounts, real utility kicks in.”

Swift’s collaboration with leading financial entities highlights the industry’s continuous push towards a more efficient and standardized payment system. However, whether this integration will directly impact XRP’s utility highly depends on the extent to which financial institutions adopt ODL over traditional settlement methods.