SWIFT Exec Criticizes: “Surviving Lawsuits Isn’t Resilience”
Tom Zschach, Chief Innovation Officer at SWIFT, has openly criticized Ripple and its token XRP, suggesting that enduring legal battles does not necessarily make a project resilient.
In a recent LinkedIn post, Zschach emphasized that the foundation of financial transformation has always been trust and collective governance, not just technology. According to him, while innovation can spark change, only trust ensures lasting adoption and stability.
His remarks arrive amid ongoing debates about XRP’s role in cross-border payments and Ripple’s continued legal challenges. For the traditional finance sector, Zschach’s statement underscores the long-standing belief that credibility outweighs survival in turbulent markets.
