Well, with such news, we just couldn't afford not to inform our subscribers!!! 😉
Cryptocurrency researcher SMQKE noted the often-overlooked technical compatibility between the XRP Ledger (XRPL) and the SWIFT messaging financial network.
In a recent tweet, SMQKE highlighted the shared use of standard internet protocols by both systems, stating: '- SWIFTNet operates on standard internet protocols HTTP. The XRP Ledger connects to applications via HTTP. This coincidence makes XRPL inherently compatible with SWIFT infrastructure.'
In support of his statement, SMQKE provided two screenshots from official documentation. One highlights that 'applications can connect to the XRP Ledger via HTTP or WebSocket APIs,' noting that these tools allow developers to interact with the XRP Ledger using languages such as Python and JavaScript. This architecture supports approximately 1500 transactions per second, making the ledger a high-performance platform.
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The second image is a section from LinkedIn describing the SWIFTNet infrastructure. It confirms that SWIFTNet allows users to securely access financial websites 'using standard internet technologies and protocols such as HTTPS and HTML.' This makes it clear that SWIFTNet relies on common internet standards, particularly HTTP-based communication layers.
The tweet from SMQKE directly links these two elements — HTTP access to XRPL and the use of HTTP SWIFTNet — as evidence of inherent technical compatibility. While SWIFT has traditionally operated over a closed and proprietary network, there has been a shift in recent years towards modernization and the adoption of open internet protocols, especially with the promotion of messaging standards ISO 20022.
This observation arises as the global financial infrastructure undergoes significant changes. The ongoing transition of SWIFT to ISO 20022 aims to enhance operational compatibility, speed, and data richness within its messaging ecosystem.
Similarly, XRPL is designed to ensure interoperability and high efficiency in cross-border payments. The fundamental reliance on similar internet standards suggests that XRPL can integrate or operate alongside legacy financial systems like SWIFT with fewer barriers than previously assumed.
Technical compatibility does not imply direct collaboration or planned integration between the two systems. However, SMQKE emphasizes the documented use of identical communication protocols, which reduces complexity for developers and institutions seeking to merge traditional and blockchain-based infrastructures.
It also confirms the view that XRPL is enterprise-ready and capable of interacting with financial networks without requiring proprietary systems or closed frameworks.
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