For years, Ripple ($XRP) has positioned itself as the biggest challenger to SWIFT, claiming its blockchain-based cross-border payment network could eventually replace the outdated system. Rippleās vision relies on XRP as a bridge currency to cut costs, speed up settlements, and provide real-time liquidity. ššø
But hereās the twist: instead of leaning into Ripple, SWIFT is now exploring partnerships with $LINEA, a zero-knowledge rollup network built on Ethereum. š¤ Why?
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Regulatory Comfort: Rippleās long battle with the SEC raised doubts among banks and regulators. Global institutions prefer solutions that avoid legal gray zones. $LINEA, by building on Ethereum, is seen as more compliant and adaptable.
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ISO 20022 Migration: SWIFTās transition to ISO 20022 is critical, and $LINEA is better aligned with this new global messaging standard. Meanwhile, Ripple hasnāt fully achieved seamless integration. š
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Governance & Trust: SWIFT emphasizes institutional trust and neutrality. Unlike XRP, which central banks view cautiously, $LINEAās Ethereum-native framework allows for permissioned use cases without relying on a single token.
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Interoperability: $LINEA enables smart contracts, tokenization, and multi-asset transfersāall key innovations SWIFT wants to integrate into its future network.
š Bottom line: Ripple still has a strong ecosystem and remains a real competitor in cross-border settlements, but SWIFT has made it clearāit wonāt hand over the keys to a single token like XRP. Instead, itās betting on Ethereum-powered scalability via $LINEA to modernize global payments.
š The battle isnāt over yet: Will Rippleās network of banks push $XRP further into adoption, or will SWIFTās embrace of $LINEA seal the deal for blockchain in traditional finance? š
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