Chainlink's growing role in integrating SWIFT's blockchain is being compared to XRP's long-standing ambitions in the same field.

Reports reveal that SWIFT has used Chainlink technology to connect over 11,000 banks with public and private blockchains, a move that some believe will give Chainlink an edge in real-world adoption.

Supporters point out that Chainlink's operations currently involve many major financial institutions such as DTCC, Mastercard, central banks, and leading asset management firms.

The collaboration with SWIFT plays a central role in this process, allowing data and transactions to be transmitted between multiple blockchains.

When asked which blockchain would carry out these transactions, Chainlink supporter Zack Rynes stated that any of the hundreds of existing blockchains could take on that role, opening up opportunities for XRP and the XRP Ledger (XRPL) to participate.

However, he points out that in reality, Swift and Chainlink have collaborated to link 11,500 lending units associated with Swift to both public and private blockchain networks.

Some XRP supporters have opposed, arguing that external criticisms are a sign that this token is about to achieve a major breakthrough.

Rynes disagrees, believing that his stance stems from the belief that Chainlink's market capitalization of $14 billion is too low compared to XRP's $188 billion, especially considering Chainlink's achievements.

Differing Views from Ripple Supporters

The debate has also drawn in Dom Kwok, co-founder of EasyA, who responded to influencer Ansem's remark that Chainlink is Ripple 'if it actually works.'

Kwok stated that he has witnessed Ripple technology being used in real-world cases, but has yet to see Chainlink implemented in a similar manner or meet developers actively building with this technology.

He notes that the time spent directly with builders often reveals which technology is working at scale.

Chainlink's partnership with SWIFT began in 2016 but has recently been accelerated.

Both announced proof of concepts at the recent Chainlink SmartCon event, using the Cross-Chain Interoperability Protocol (CCIP) to connect SWIFT's legacy messages with multiple blockchains. In May 2023, tests with BNY Mellon and BNP Paribas successfully transferred tokenized assets across chains.