Banks Test XRP on SWIFT Network, Potential $35.86 Value Surge

Rumors have surfaced that multiple banks are testing the cryptocurrency XRP within the SWIFT infrastructure. This information, shared by a recognized crypto analyst, has not been officially confirmed but holds significant potential implications for the digital asset's future.

SWIFT, the global network for financial transactions, processes approximately $5 trillion per day. If XRP were to be integrated into this system, it could dramatically enhance its use case and market relevance. Documents from SWIFT have previously mentioned XRP as a bridge currency for its vast network of over 11,000 banks, suggesting that the digital asset could be on the verge of a major breakthrough if the rumors are true.

XRP's ability to settle transactions in seconds, compared to the multi-day process typically associated with SWIFT, makes it an attractive option for institutions looking to modernize their cross-border payment systems. The lower transaction costs associated with XRP further add to its appeal. For years, XRP has been viewed by many experts as a technology that could either supplement or replace SWIFT’s slower infrastructure. Ripple CEO Brad Garlinghouse has also weighed in, calling SWIFT outdated and arguing that XRP can usher in a new era for cross-border payments.

Ripple has been actively building its network of financial partners, and deeper interoperability with legacy systems like SWIFT could accelerate the digital asset’s adoption on a global scale. If financial institutions were to integrate XRP into their existing SWIFT-based operations, the resulting demand could significantly impact the token’s value. The rumor, while unconfirmed, aligns with Ripple’s ongoing efforts to position XRP as a bridge asset for cross-border settlements.

SWIFT’s $5 trillion daily volume represents a major opportunity. If XRP is being tested as part of this ecosystem, and if those trials lead to real-world implementation, Ripple could find itself at the center of high-value financial activity. Recent analysis suggests that capturing just 1% of SWIFT’s daily volume could send XRP to $35.86 or higher. If this development materializes, it would represent one of the most significant moments in the digital asset’s history.