XRP News Today: SWIFT Tests XRP and HBAR for Blockchain Cross-Border Payments

SWIFT, the global financial messaging network, is currently evaluating blockchain-based cross-border payment solutions, with Ripple’s XRP and Hedera’s HBAR among the options under review [1]. These networks are being tested to assess their potential to integrate with SWIFT’s existing infrastructure, which processes over $150 trillion in cross-border transactions annually under ISO 20022 standards. The goal is to determine whether blockchain technology can complement or replace parts of SWIFT’s traditional systems, offering faster, cheaper, and more efficient alternatives for international transfers [1].

The testing phase is part of SWIFT’s broader strategy to adapt to the evolving financial landscape, where blockchain is increasingly being seen as a viable solution for real-time, low-cost transactions. XRP, known for its high throughput of around 1,500 transactions per second and strong banking relationships, is viewed as a potential candidate for institutional adoption. Hedera’s HBAR, with its hashgraph consensus mechanism, offers even higher throughput—exceeding 10,000 transactions per second—while maintaining energy efficiency, making it an attractive option for enterprises seeking scalable digital solutions [1].

Despite the significance of SWIFT’s trials, the market response has been relatively muted. At the time of reporting, XRP traded at $2.88, down 0.67%, while HBAR dropped 1.14% to $0.2338. Analysts note that the broader market is in a consolidation phase, and while the news has not triggered immediate price movements, it could influence investor sentiment over time [1]. One analyst emphasized that the integration of ISO 20022 with blockchain-based systems is not just about compatibility, but about setting the standard for future financial infrastructure [1].

The timing of SWIFT’s experiments aligns with increasing institutional and regulatory interest in blockchain technology. Across the globe, regulators are beginning to outline clearer frameworks for digital assets. In the U.S., the Securities and Exchange Commission has launched “Project Crypto,” an initiative aimed at clarifying the classification of digital assets and promoting their integration into traditional financial markets [1]. In Asia, Hong Kong has introduced a stablecoin lab, and China is reportedly considering the development of yuan-backed stablecoins, despite its existing ban on cryptocurrency trading [1].

SWIFT’s cautious yet forward-looking approach reflects the seriousness with which traditional financial institutions are beginning to treat blockchain. By testing XRP and HBAR, SWIFT is signaling its openness to decentralized technologies that could enhance the efficiency of global financial systems. However, the final outcome remains uncertain, as the success of the trials will depend on regulatory approval, technical feasibility, and scalability [1].

For the crypto industry, this represents a crucial step toward mainstream adoption. XRP and HBAR, by virtue of their inclusion in SWIFT’s testing phase, are being positioned among a select group of blockchain networks with genuine institutional backing. While the ultimate decision is yet to be made, the mere consideration of these projects by SWIFT marks a significant shift in the perception of blockchain from speculative hype to a practical solution for real-world financial infrastructure [1].

The broader implications extend beyond XRP and HBAR. If SWIFT adopts a blockchain-based system, it could set a precedent for the wider acceptance of digital assets in mainstream finance. This could also drive increased adoption and utility for the tokens involved, potentially leading to a rise in institutional interest and investment. However, it is essential to distinguish between actual developments and analyst forecasts. For instance, while some analysts speculate that an XRP ETF could further boost demand, such projections remain speculative and should not be taken as guarantees [4].

SWIFT’s exploration of XRP and HBAR is one of the most notable developments in the convergence of traditional finance and blockchain technology in recent months. If the initiative moves forward, it could serve as a major validation of blockchain’s potential to transform global financial infrastructure. However, the process is likely to be gradual and subject to regulatory and technical scrutiny, as is typical for major infrastructure changes in the financial sector [1].

Source:

[1] Viral XRP 'Patent' Just Trademark As SWIFT Tests $200T Move – The Bit Times (https://thebittimes.com/viral-xrp-patent-just-trademark-as-swift-tests-200t-move-tbt119414.html)

[4] Best Crypto to Buy Now in August 2025 – Cryptonews (https://cryptonews.com/cryptocurrency/best-crypto-to-buy/)