- SWIFT trials involve Ripple and Hedera for payment solutions.
- XRP and HBAR positioned for major trials.
- No confirmed involvement from SWIFT leadership.
Reports suggest that SWIFT could be urging Ripple’s XRP and Hedera’s HBAR to explore cooperation, amid blockchain trials and ISO 20022 integration, affecting cross-border payments.
The implications for XRP and HBAR are significant, as both aim to leverage SWIFT’s vast transactional network and drive innovations in payment solutions and distributed ledger technology.
Recent reports suggest SWIFT is focusing on blockchain integrations, potentially involving Ripple and Hedera for cross-border payment solutions. As of now, no official statements or confirmations have been released by the leadership of these organizations.
XRP and HBAR are considered potential candidates for SWIFT’s trials due to their blockchain capabilities. Ripple and Hedera have not yet announced any formal engagements with SWIFT regarding this initiative.
The trials may impact the cross-border payments industry, emphasizing blockchain technology’s potential. XRP and HBAR are poised to capitalize, though no immediate market disturbances are reported.
If engaged, Ripple and Hedera’s financial ecosystems might experience changes depending on trial outcomes. Blockchain’s inclusion could streamline cross-border transactions, pending official engagement announcements.
Analysis shows Ripple processed $2.3B in Q1 2025 via RippleNet. HBAR’s network, known for speed, supports up to 10,000 TPS. No direct regulatory or financial impact is noted from SWIFT filed trials.
SWIFT’s trial focus could alter blockchain applications in financial systems, potentially leading to regulatory evolution. While data from Ripple and Hedera remains unrevealed, the ongoing technological exploration could redefine cross-border transaction systems.
“Hedera has a unique governance model which positions its ledger as a potential game-changer in the industry,” said Mance Harmon, co-founder of Hedera.
