Expert Says Ripple Could Rule Out SWIFT

• The push for collaboration between Ripple and SWIFT has been discounted by market analysts.
• Arguments back the potential for Ripple’s solution to displace SWIFT in the future.

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Rumors and speculations about a potential partnership between Ripple Labs and SWIFT have spread widely within the community. Shedding light on the situation, market expert and trader Arthur has dampened the idea of any potential collaboration between the two entities.

Arthur Dismisses Ripple and SWIFT Partnership

The ongoing discussions surrounding a possible SWIFT integration heightened following Ripple’s recent acquisition of Hidden Road. 

As we reported earlier, Ripple acquired Hidden Road, a prime broker firm, for $1.25 billion. This action complements Ripple’s initiatives to advance cheap cross-border payments and address inefficiencies in the traditional financial system.

However, Arthur, also an XRP supporter on social media X, has cited reasons why a Ripple and SWIFT integration seems impossible. Firstly, he highlighted that Ripple operates as a blockchain firm, aiming to disrupt the traditional financial system. He added that Ripple is positioned as a cheaper, faster, and more efficient alternative to SWIFT, and, therefore, cannot cooperate with it.

Highlighting Ripple’s recent Hidden Road acquisition, Arthur said it is about accelerating the firm’s vision of sovereignty and not bridging it. Through the acquisition, Ripple gains access to traditional finance, encompassing clearing, custody, and foreign exchange, without requiring the intervention of SWIFT.

According to Arthur, the current global geopolitical tensions make SWIFT a tool for control, especially for sanctioning countries. This has led to countries like Russia and China seeking alternative payment methods to SWIFT. Arthur touted XRP as the ultimate solution to this mayhem, which offers a decentralized, censorship-resistant system suitable for emerging markets.

The expert further emphasized that Ripple is not seeking to bridge into Traditional Finance (TradFi). Rather, TradFi firms are moving en masse into the Ripple network. According to Arthur, Ripple’s working strategy is simply to attract institutions to XRPL, RLUSD, and RippleNet. He sees Ripple becoming the gateway for major institutions with tools like tokenized Real-World Assets (RWA) and smart liquidity routing.

Arthur concluded that Ripple is not integrating SWIFT, but building the infrastructure to make the messaging system dispensable. He noted that the Hidden Road acquisition might make that goal materialize quickly.

What Next? Other Experts’ Opinions

Responding to XRP’s posts, XRP lawyer Bill Morgan shared his perspective on a potential Ripple and SWIFT integration. Morgan acknowledged Arthur’s arguments, but said there is likely room for collaboration or even parallel use.

He painted a middle ground scenario in which Ripple’s XRPL and RippleNet infrastructure could integrate with SWIFT in a complementary way. This viewpoint paves the way for co-operation rather than total replacement.

Another XRP community member, CryptoArsenal on X, has argued that Ripple cannot replace SWIFT. He noted that the XRPL is designed as a P2P payment network, just like Bitcoin, and hence cannot replace SWIFT.

However, in a previous article, we discussed how crypto influencer John Squire pointed out Ripple’s previous involvement with SWIFT as a good background toward a new partnership.