🚨 BREAKING: SWIFT tests XRP & HBAR for Global Payments 💸🌍🔥
SWIFT is piloting blockchain-based cross-border payments with Ripple’s XRP Ledger and Hedera Hashgraph (HBAR).
Goal: Boost efficiency in global money transfers by linking blockchain with existing banking systems under ISO 20022 standards.
Why it matters?: SWIFT processes $150+ trillion annually. Even small-scale adoption of XRP or HBAR could trigger huge demand.
Tech edge:
⚡ XRP: ~1,500 transactions/sec, near-instant settlement, low energy use, strong banking ties.
⚡ HBAR: >10,000 transactions/sec, energy-efficient, enterprise-focused governance.
Market reaction:
📉 XRP: ~$2.88 (-0.67%)
📉 HBAR: ~$0.2338 (-1.14%)
Bigger picture:
■Institutional adoption of blockchain is accelerating.
■SWIFT’s tests show flexibility—no single blockchain chosen yet.
■Regulators worldwide (SEC’s Project Crypto, Hong Kong’s stablecoin lab, China’s yuan-backed stablecoin research) are ramping up oversight and innovation.
💡 Takeaway: This is a major step toward merging traditional banking with next-gen blockchain infrastructure, setting the stage for faster, greener, and more connected global finance. 🌐💱
