SWIFT CIO questions Ripple and XRP’s readiness for global banking standards
04 Sept 2025 · 22:21 UTC · CryptoSlate RSS Feed · Original source
Read original at CryptoSlate RSS Feed →
Summary
SWIFT’s Chief Innovation Officer, Tom Zschach, has raised doubts about whether Ripple’s technology and the XRP token can meet the standards global banks demand for cross-border settlement. His remarks, posted on LinkedIn, sparked renewed debate within the XRP community, which has long positioned Ripple as a challenger to SWIFT’s dominance.
Why it matters
The skepticism expressed about Ripple's capacity to align with global banking standards may influence investor sentiment, particularly among those holding XRP. If market participants perceive this as a sign of weakening fundamentals for Ripple, sell-offs could occur. Conversely, Bitcoin may hold steadier, given its established reputation as digital gold, though there could still be some indirect market reactions. Overall, the market may see increased volatility as traders react to the news and reassess their positions.
Expected impact
The comments from SWIFT's CIO about Ripple and XRP are likely to create a cautious atmosphere in the market, particularly affecting XRP. Investors may become wary of XRP's potential to meet evolving banking standards, which could lead to short-term selling pressure on the token and related altcoins, while Bitcoin might experience muted reactions as it is less directly impacted.