SWIFT, the world’s leading financial messaging network that underpins global bank-to-bank transfers, is reportedly in discussions with Ripple Labs. The talks center on the potential use of XRP as a bridge asset in cross-border payments.
According to a report by Watcher.Guru, SWIFT is exploring the possibility of integrating XRP into the international payment system to improve liquidity. To support liquidity requirements and mitigate exchange rate risks, billions of dollars’ worth of XRP are already locked in escrow.
This move aligns with SWIFT’s new strategy to make cross-border transfers as fast and predictable as domestic payments. The initiative aims to benefit both everyday users and small businesses. SWIFT is also working with several leading banks worldwide to test this new system.
Although the agreement has not yet been finalized, the collaboration could transform the global payments landscape. It may also strengthen confidence in the role of digital assets within the traditional financial sector.
Source: X