SWIFT OFFICIALLY CRUMBLED AND RIPPLE XRP JUST WON BIG!

Added: 2026-05-23

[00:00:00]Ripple and XRP already replaced Swift.

[00:00:05]This is a statement that you guys probably heard for a bit of time now.

[00:00:09]And you know, the main thing that I really kind of look at here is that we don't even need to replace Swift at all.

[00:00:16]Um, I feel like yes, Ripple and XRP already did the heavy, you know, lifting and they kind of already did replace the infrastructure layer of what Swift was kind of built on. Um, but the main thing is like it doesn't really take much work to replace what Swift is doing. Uh, the the biggest part and probably the hardest lifting area of replacing Swift is mainly just the amount of names that they have tied back to them, which is a little over 11,500 names. Um, but remember what Swift really is. It's just a messaging layer. Uh, so when we think about that, obviously, you know, to replace Swift, we don't really need to.

[00:00:56]Um the messaging side is not like the the hard part. The hard part is reinventing the wheel around payments.

[00:01:03]Which is why many Ripple executives have stated if Swift wants to reinvent messaging, cool, they could tap in and utilize what we have created, which is the next stack, which is the hardest part, uh which is changing the way that payments are rerouted, settled, and um yeah, Ripple has already done that. So when we think about what swift has been announcing like for an example this recently which was at the digital banking conference in Barcelona last week our chief product officer Thomas delay uh shared the most crossber you know payments already arrive in minutes uh but speed alone is no longer enough meanwhile the industry continues to debate old versus new correspondent banking versus blockchain digital assets versus fiat currencies the future isn't about choosing one over the other it's about combining the scale trust and resilience of exist processing infrastructure with the programmability and 24/7 capabilities of new technologies. What matters most? Not the rail a payment runs on, but that it works fast, predictably, and seamlessly.

[00:02:07]The direction is clear. A multi-rail interropable ecosystem built for more complex connected world. So basically what we are starting to see here from Swift is that we're going to see a multi-rail ecosystem where you can have the XRP ledger tapped in. You could have Ripple payments tapped in. You could have Hideera tapped in. So many other networks. And this is telling us that Swift has kind of folded. Like when we think about what's happening here, Swift has bent a knee. And they bent a knee to pretty much adopt blockchain and pretty much they realize that if we don't uh you know innovate, we will die and be replaced.

[00:02:50]And over here we have can in collaboration reshape the future of crossber payments. Over 50 banks worldwide have signed up for swift's payment scheme introducing new framework designed to transform consumer and retail crossber payments. And that's by tapping into blockchain and DT and these new technologies. And of course yes all the big banks are already on board. A lot of these big banks are already ripple you know customers and pay you know just partners in general. But um yeah, I mean when we look at like the breakdown here, like everything that they are mentioning around payments, technology and the efficiencies, it really just sounds like Ripple and XRP.

[00:03:24]Uh is that you know a confirmation that Ripple and XRP are tapped in? No. But I do believe that Swift has folded essentially like they have crumbled to the point where they have now came to the realization that blockchain really is the future and we need to tap in. And then I go back over here to this video clip from Smoked Dog, which Swift confirms that it will use thirdparty digital currencies via ISO 2022. In the video below, Swift outlines its strategic direction, collaborating with FinTech rather than competing with them.

[00:03:52]Swift and financial experts alike.

[00:03:54]Understand that Swift is not being replaced. Instead, Swift is strengthening its globally trusted network by working with thirdparty fintex and enabling their services, including digital currency networks to connect seamlessly with its 11,000 member institutions. At the center of that connectivity is the ISO 2022 standard. According to Swift, the most significant opportunity lies in integrating diverse networks and thirdparty providers leveraging ISO22, including those supporting digital currency networks. Listen closely. Check it out.

[00:04:23]In addition to being able to provide a better end-to-end client experience, frictionless payments also help Swift member banks be more efficient as a community, minimizing costly exceptions and investigations, enabling us to better compete from a cost perspective with new entrance and closed loop networks, enabling member banks to leverage global open network that is swift strength with a more controlled payment orchestration capability.

[00:04:52]backed by the rich structured data of ISO 2022 format opens up further opportunities for us banks to provide value added products and services to our clients. But Tanya, I think though what excites me the very most of all um and what I see as the biggest new opportunity for the industry related to Swift's new platform is the potential for integration with a variety of networks, Rails and third parties leveraging the rich ISO 2022 format and the transaction orchestration of the new platform to manage that interoperability as well as rules of engagement.

[00:05:35]um with these rails and networks via a single central framework that provides transparency to manage that endto-end experience regardless of settlement rail be it real time faster instant payment rails be it real-time gross settlement rails be it card rails even e-wallet or digital currency network so that is what I find um the the most exciting about the possibilities that this network um that this new platform Thank.

[00:06:06]>> So yeah, I mean listen, these digital currencies, these digital ledger networks essentially like distributed ledger networks are being tapped in here. We know that that's the case because Swift is telling us this. This is May 18th. So when we think about this like we are looking at the evolution of finance in real time. Every big player, Swift, Black Rockck, the big banks, every single big player is now officially looking at this technology is it's no longer a question of if this is going to be the next system. It is the new system. And when they start to tap into this and they start to build this, you know, system out like this, it's probably a good time to be looking into what exactly they're doing and what networks could potentially be tapped in.

[00:06:52]That's also why banks are now panicking over crypto as well. like the American Bankers Association is trying to stop the crypto market structure bill. Um the banking cartel is in full panic mode and demanding bank CEOs lobby senators and kill stable coins. Like Swift tried to do this as well. Like Swift tried to in the past kind of just like, oh, crypto's not doing this, crypto's not doing that.

[00:07:13]Like we're Swift, we already have all these numbers behind us. We're the, you know, global payments hub, this that, whatever. And guess what? Swift was forced to adopt the technology which tells us that banks are going to have to do the same. Like if you look at the evolution of technology, those that have kind of gone on the defense have always lost. So it's it's now the idea of the bankers, they're all trying to, you know, defend their position, but they're going to lose this this war. they're simply going to lose this war and now is not the time to be fighting this. Um, but also I think that the main thing that we come back to is like, all right, well, do we need Swift? Do we really need Swift at all? And no, we don't. In fact, we go over here to Eric Trump. He said, "Digital assets have already won."

[00:08:04]He said that Swift is outdated, banks are losing their grip, and everything is moving towards digitized rails as institutional adoption accelerates.

[00:08:11]Check it out. You think commodities are going to be traded on of a Swiss system where again people's money is frozen out. You don't get interest on that money for 72 hours?

[00:08:22]Of course not. You know what that's going to do? It's all going to become digitized. And the banks have fought like hell to keep that from happening.

[00:08:29]And we've broken the banks. We've broken the banks because of everybody in this room and because we're right. And it's taken this much time. And now all of a sudden you see the institutional adoption that I started talking about before. Guys, we've won this race. I mean, we we we have already won this race, but but but the speed of which you're going to see growth over the next couple years is going to be just monumental. So, now obviously, do we believe everything that, you know, Eric Trump says? No, obviously not. But I do think that he's right on the ball with this one. I think that he is correct because when we really look at what's happening, you know, Swift is taking major hit after major hit after major hit. Like for an example, Iran built a crypto-powered shipping insurance tool to bypass Swift and Western sanctions.

[00:09:14]This is huge.

[00:09:16]Like when we think about what's happening here, like everyone is trying to get around Swift.

[00:09:22]And even Russia, China, like all of them are moving forward on this. Like they are now tapping into crypto. They're tapping into other currencies and payment systems outside of, you know, Swift and even the US dollar. Even Western Union back to April, they're eyeing a stablecoin launch to settle global transactions without Swift.

[00:09:44]Another major shift, you know, around this market where Swift is taking a huge hit.

[00:09:51]And then we also have over here Eric Trump, Swift won't exist in seven years.

[00:09:56]Stable coins plus Bitcoin will replace slow banking rails. 24/7 settlement from a smartphone. No banking hours, no frozen transfers. The digitization race is accelerating and yeah, it is happening. Like when we look at what's really going on here, there's no longer a question of if this is the future or if you know Swift is going to be still dominant in the in this world of finance. Like Swift is useless. Like we don't care about what Swift is doing. Is Swift innovating? Sure they are. But their entire argument around how dominant of a name they are and what they're doing. Their entire argument has crumbled.

[00:10:38]It's now, you know, we're it's all about the new technology.

[00:10:43]And do I think that Swift will continue to be a big piece of the financial system? Sure, they definitely could be.

[00:10:50]We have over here from Smoke Dog. Swift will continue to be a vital organ of the financial systems as it absorbs blockchain technology in harnessing new technology in the form of blockchain DT or real-time payments. There's a dual effect where Swift is coping with disruption while also being in the leadership position for the future of global financial messaging and payments.

[00:11:08]And I love that term that they're saying here. They're coping with these new technologies because they are. In the past, Swift has always been on the fence about blockchain and crypto. Like they said like, "Oh, it's not it's nothing to be concerned about. Um, it's not going to be the new system." But I really do think that they are coping. I think that a lot of these big players have kind of bent a knee at this point. Swift now is crumbling. Their whole argument around blockchain has crumbled. They're now starting to like they they were forced to adopt. And the big banks are doing this now, too. The big banks are tapping into stable coins. The big banks are looking at DT. They're looking at tokenization because it's no longer a question on if crypto is going to do this or if crypto is going to do that.

[00:11:52]Crypto's here. It's taking over. It's taking over in a big way. And Ripple has already kind of bullied their theirelves into, you know, these dominant positions. And I don't mean like they literally bullied themselves into it.

[00:12:07]Um, I mean like they they carved out that massive path by being that dominant name. Like if you really look at Ripple, like Ripple is way bigger than Swift at this point. 13,000 banks tied to G Treasury. July 2024, Ripple and Swift on the CPMI group from the BIS. I've included this on multiple occasions.

[00:12:29]October 1st, 2025. We have down here that this document outlines the terms of reference for the PIE task force effective from 2025 onwards. So we now know that this is effective from 2025 to even now and going forward that the CPMI group is going to be improving and enhancing crossber payments which Ripple is going to be one of those dominant players. And you know when I look at these names like Ripple, like I feel like Ripple is already kind of, you know, bigger and doing bigger things than Swift. And even when you look at the Ripple homepage under crossber payments, Ripple payments powered by the extra ledger is listed as an alternative payment system to swift global. It's from Chartner TA. Regional RTP systems have global use cases but still lack the global reach of blockchainbased systems.

[00:13:16]And yeah, they do. That's why when we look at what Ripple is doing here and when we look at what the XRP ledger is accomplishing, um, Swift is just it's behind us at this point. Ripple's on a completely different level. XRP is on a completely different level. In a couple years, I don't think that we will have this argument of like, oh, is Swift still a big player here? Or, oh, is Ripple going to replace Swift? Or, oh, is Swift going to do this? Or is Swift going to adopt? Like, no, it's done.

[00:13:42]Swift has bent the need. They're adopting this technology. Let's see what they can do with it. But at this point, like I don't think that we need to be focused on Swift. I think that we're moving on to bigger and better things.

[00:13:53]Um, I think that, you know, digital assets already won. I think Ripple already won. I think XRP already won.

[00:13:58]And now we just wait for regulations to go live and then we watch the institutional players, you know, turn the green light on. So, with that being said, I hope you guys enjoyed this video. If you guys did, definitely like, subscribe, notifications on because for more free content. You guys more follow me on Twitter and join the free Discord in description below. And with that being said, guys, thanks for watching.

[00:14:15]Peace out, guys.