Why SWIFT Hasn’t Been Replaced and Ripple (XRP)$XRP Isn’t Adopted Yet

Even today, most banks around the world still run on systems built in the 1970s and 1980s. Because of this outdated infrastructure, SWIFT (launched in 1977) remains the most widely used global financial messaging system.

The Reality of Old Banking Systems

Most large banks still rely on IBM Mainframes and software written in COBOL.

These systems can process billions of dollars daily, but they are rigid, expensive, and outdated.

Updating or replacing them is considered extremely risky and difficult.

Control by Big Vendors

In the U.S., around 70% of banking systems are controlled by a few major companies like FIS, Fiserv, and Jack Henry. These vendors continue to maintain old systems, which makes moving to new technology slow and complicated.

Why Ripple (XRP$XRP ) Hasn’t Been Adopted

Ripple (XRP) is seen as a faster, modern solution, but:

1. Compatibility issues – it doesn’t easily integrate with old banking systems.

2. High risk and cost – replacing a bank’s core system can take 5–7 years and cost hundreds of millions.

3. Banks are cautious – they don’t want to put their critical financial operations at risk by switching too quickly.

Conclusion

Global banking is still built on decades-old technology. That’s why SWIFT hasn’t been replaced and why Ripple (XRP$XRP ) adoption is moving slowly. As banks gradually modernize their systems, there may be space for XRP or other advanced solutions in the future.

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