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SWIFT's blockchain settlement without XRP sparks debate on XRP's role in cross-border liquidity.

Market News
24 Aug 2026, 18:03 WIB
Dailycoin
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Neutral
SWIFT's blockchain settlement without XRP sparks debate on XRP's role in cross-border liquidity.

SWIFT is developing a blockchain-based settlement system using tokenized bank deposits on Ethereum, but it does not incorporate XRP. This has reignited debate about XRP's value, with experts arguing that while tokenized deposits improve same-currency transfers, they do not solve the need for liquidity in currency conversion. XRP could still play a crucial role as a bridge asset to facilitate faster and more efficient cross-currency exchanges, addressing the inefficiencies of traditional correspondent banking. However, it remains uncertain if banks will adopt XRP given SWIFT's preference for controlled, institution-led solutions.

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