Crypto researcher SMQKE highlighted a statement from SWIFT confirming that it will not issue its own digital assets. The institution clarified that its strategy is not to create competing cryptocurrencies but to maintain its role as a network supporting banks and financial institutions. SWIFT emphasized that while it will not generate digital assets, it recognizes the role of cryptocurrencies in cross-border payments and remains open to supporting their integration within its global payment innovation (gpi) service. The document shared noted that SWIFT does not intend to replicate models such as Ripple, which utilizes XRP to facilitate transactions on its distributed ledger technology. Instead, SWIFT stated that its objective is to provide infrastructure that can accommodate different financial instruments and formats chosen by its member banks. By distancing itself from direct issuance of cryptocurrencies, SWIFT positioned its network as a platform capable of supporting external digital assets without competing with them. SWIFT CONFIRMS IT WILL NOT GENERATE DIGITAL ASSETS, POSITIONING ITS NETWORK TO SUPPORT ASSETS LIKE XRP INSTEAD OF COMPETE Documented. https://t.co/EzYWotcbBD pic.twitter.com/rjy54BlXck — SMQKE (@SMQKEDQG) September 4, 2025 SWIFT’s support role in cryptocurrency adoption The remarks made it clear that SWIFT will not ignore the cryptocurrency sector entirely. On the contrary, the institution confirmed that its gpi service can work alongside cryptocurrencies if banks decide to issue or transact with them. The position reflects a strategy of enabling flexibility for its members rather than dictating the choice of assets. According to the statement, if banks wish to adopt digital assets for settlements, SWIFT’s infrastructure can accommodate these assets without the network itself becoming an issuer. The statement included a reference to Ripple and XRP, underlining the contrast between a payment network choosing to create its own asset and SWIFT’s decision to refrain from such an approach. This acknowledgment positioned XRP as an existing solution within the cross-border payment industry, one that institutions could potentially integrate through SWIFT’s broader infrastructure. Community response to SMQKE’s post SMQKE’s post on X attracted immediate attention within the digital asset community. An X user, skbgyal, commented on the post, expressing that this confirmation directly challenges narratives suggesting SWIFT and banks oppose XRP. The comment emphasized that critics often claim SWIFT would not adopt or work with a competing solution. Yet, this latest documentation presents an alternative view where SWIFT avoids competition and enables support for digital assets through its network. This interpretation has reinforced the perspective that XRP, among other assets, could find a role within existing financial networks without being excluded by traditional infrastructures such as SWIFT. By not issuing a native asset, SWIFT avoids a conflict of interest and instead provides interoperability that can support bank preferences, which may include XRP as an option for liquidity and settlement. Impact on cross-border payments The confirmation that SWIFT will not compete with existing digital assets but instead provide compatibility could carry significant implications for the future of cross-border transactions. It establishes a model where traditional financial infrastructure and blockchain-based solutions do not necessarily work against one another but can coexist. This may strengthen the potential role of assets like XRP, which were specifically designed to improve efficiency in global settlements . We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 By clarifying its stance, SWIFT has positioned itself as a facilitator rather than a competitor in the digital asset space. This creates an environment where banks and institutions can adopt the technologies they see fit, knowing the existing SWIFT infrastructure will support their choices. For the cryptocurrency community, the inclusion of XRP in this context was particularly notable, as it demonstrates how one of the largest global financial networks acknowledges the use case of existing digital assets within international payments. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post SWIFT Confirms It Will Support Assets Like XRP Instead of Competing appeared first on Times Tabloid .
