Skepticism emerged in the XRP community as messaging platform SWIFT revealed plans to roll out a blockchain for its cross-border payment system. Notably, the infrastructure has received backing from over 30 major banks, including JPMorgan, and the prominent blockchain firm ConsenSys.
The proposed venture sparked debate within the crypto community, with some questioning the use case of XRP, particularly given the long-standing sentiment that Ripple would displace SWIFT. However, a prominent crypto researcher, Anderson, has debunked this rumor, suggesting that this is not the case.
XRP Researcher Calls Sentiment Hilarious
Amid the rising sentiment that SWIFT had de-marketed XRP, Anderson called the narrative laughable. This echoes the view among XRP proponents that Ripple’s vision was to build payment innovations rather than compete with SWIFT.
Thinking SWIFT is an XRP killer is hilarious.
— Anders 🏁🌏 (@X__Anderson) October 1, 2025
In reaction to Anderson’s post, some community members also shared their perspectives. One user argued that “not many understand liquidity or its importance.” Another reaction claimed that believing that XRP was a SWIFT killer is what is more hilarious.
XRP Can Still Thrive Alongside SWIFT
XRP’s value proposition encompasses several utility-driven areas, extending beyond its role as a potential alternative to SWIFT for banks. In retail remittances, XRP is actively used to facilitate fast, low-cost payments in regions with significant migrant populations, including the Philippines and Mexico, and is already utilized by platforms like goLance to pay freelancers in underserved markets.
Meanwhile, for corporate clients, small and mid-sized firms benefit from efficient cross-border settlements, as demonstrated by Japan’s SBI launching XRP-based remittance services throughout Southeast Asia.
Additionally, the XRPL ecosystem has expanded to support decentralized exchanges, automated market makers, DeFi staking services, and broader tokenization use cases, extending XRP’s utility beyond institutional adoption. Its design, offering low transaction fees and near-instant settlement, makes XRP suitable for emerging areas in the digital economy, such as streaming payments, online gaming, and microtransactions for smart devices.
The diversity of these applications highlights XRP’s role in providing liquidity, facilitating broader financial access, and powering innovative payment networks outside the traditional banking sector.
Evans Kelvin
