Recently, the X account of Watcher Guru, a well-known crypto news platform, was compromised. The hacker posted a false announcement claiming that SWIFT was nearing an agreement with Ripple to use XRP for cross-border payments.
The post also suggested that billions of XRP were secured in escrow for liquidity. However, Watcher Guru quickly regained control of its account, deleted the post, and clarified that the information was not legitimate.
Despite the misinformation, the event has reignited discussions about XRP’s potential in the cross-border payments sector. While no official partnership between SWIFT and Ripple has been confirmed, many believe XRP could serve as an efficient alternative to the traditional financial messaging network.
SWIFT’s Article on ISO 20022 and Its Implications
Shortly after the SEC dropped its appeal in the Ripple case, SWIFT published an article discussing its plans to enable seamless cross-border payments using ISO 20022 digital assets. Danny (@defiphvntom), a crypto enthusiast on X, drew attention to the publication, which focuses on improving data integrity and streamlining transactions for banks and corporate clients.
Swift recently published an article talking about how they’ll use ISO20022 digital assets to enable cross border transactions
$XRP
we’ve known this for years, but, for them to publish this the day after the SEC drops their appeal in the Ripple case speaks volumes of what’s to… pic.twitter.com/FHUq9VvmXE
— danny (@defiphvntom) March 21, 2025
“With ISO 20022, the goal is to provide corporates and banks with a single standard that improves cross-border payments,” said Brice Goemans, Corporates Product Owner at SWIFT. The article highlights how the new FINplus service will allow for better reconciliation, payment forecasting, and working capital management.
Danny pointed out the timing of SWIFT’s article, stating, “We’ve known this for years, but for them to publish this the day after the SEC drops their appeal in the Ripple case speaks volumes of what’s to come.”
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The Future of Cross-Border Payments
As financial institutions continue to explore blockchain-based solutions, XRP remains a strong contender, and more so now, because of its ISO 20022 compliance. SWIFT’s focus on ISO 20022 signals a shift toward greater interoperability and efficiency, which aligns with the benefits that XRP and similar digital assets offer.
According to the article, SWIFT is expanding its services to include standardized cash management messages, self-service capabilities for Stop & Recall, and enhanced fraud prevention measures. These developments suggest that the financial industry is actively preparing for a more digital and automated payments landscape.
While SWIFT has not confirmed any direct involvement with XRP, the increasing adoption of ISO 20022 and blockchain technology suggests that digital assets could play a larger role in the future of global payments.
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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