๐จ JUST IN: SWIFT Tests XRP & HBAR for Cross-Border Payments ๐
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is piloting Ripple (XRP) and Hedera (HBAR) to strengthen its cross-border payment system.
๐ก Why it matters:
XRP ODL (On-Demand Liquidity): Enables near-instant settlements (3โ5 seconds) at just $0.0002 per transaction.
HBAR Hashgraph: Supports up to 10,000 transactions per second with energy-efficient consensus.
Traditional SWIFT transfers? 1โ5 business days and $10โ$50 per transaction.
๐ Both tokens align with ISO 20022 standards, making them ideal for global financial messaging.
๐ฅ Ripple CEO Brad Garlinghouse recently said XRP could capture 14% of SWIFTโs global liquidity within 5 years.
๐ Meanwhile, Ripple will roll out its $RLUSD stablecoin in Japan by Q1 2026.
The race to redefine global finance infrastructure is officially on. ๐
DYOR No Financial advice!
