Alliance between Ripple and Swift Rumor or reality?

Is this the year? Will the eternal promise be fulfilled that XRP will be “the cryptocurrency of the banks”? Will XRP technology revolutionize financial institutions?

Possibly these are some of the questions that members of the XRP community will be asking when they hear that The rumors of a possible alliance between Ripple Labs and Swift returned (Society for world interbank and financial communications, in Spanish).

Swift is a global system that allows banks and other financial institutions to send and receive information on financial transactions safely, but is known for being slow and expensive.

It was founded in 1973, connects more than 11,000 institutions in more than 200 countries using standardized codes such as BIC (Bank Identifier Code) to identify banks and ensure that transactions are fast, safe and efficient.

But let’s go fully to the topic that brings us to this article: Is there an alliance between Ripple and Swift?

Rumors refloat after a publication in X by John Squire, a cryptocurrency market analyst that is defined as an XRP promoter and Ripple’s developments. In his post, he said: “On April 16 and 21 they could become the two most important dates in the history of XRP. And I do not say it for pure exaggeration. I say it for the context, the data and a narrative that has been built for years.”

On April 16 (that is, today), it is the deadline for Ripple Labs to present a motion aimed at suspending appeals in its litigation against the United States Stock Exchange and Securities Commission (SEC). This action could point out the end of the legal conflict initiated in December 2020.

As cryptootics reported, the regulatory entity that was at the time was in charge of Gary Gensler filed a lawsuit for claiming that XRP was a value title (Security) not registered and, therefore, its sale was prohibited.

Although American justice determined that the asset It can only be considered title value in specific circumstances, such as institutional salesGensler appealed the decision, extending the conflict between the parties.

However, the new author authorities dismissed the demand and everything indicates that the dispute will end in the short term.

In its publication, Squire interprets this writing as the possible “end of the case or the beginning of the final chapter”, suggesting that a favorable resolution for Ripple could eliminate legal restrictions on XRP in the United States, which would allow its growth in the world’s largest financial market.

“If Ripple wins – and many signs suggest that he has a solid argument – XRP could operate legally and openly in the world’s largest financial market. This would not only be a legal victory, but a global signal: XRP is no longer a cryptocurrency with legal backing, but a digital asset with legal backing,” said the influencer.

On the other hand, Squire explained that On April 21 it could be the day the alliance between Ripple and Swift was announced.

The analyst takes as an indication that “several influential voices have indicated a possible swift announcement”, while highlighting: “It could be the official confirmation that XRP, through Ripple, will become part of the global swift payments infrastructure, used by more than 11,000 financial institutions throughout the world.”

He also recalled that the firm led by Brad Garlinghouse has participated in 2023 of interoperability pilot programs led by Swift. “More recently, Swift published a report on the integration of distributed registration technology (DLT). Ripple appeared on that list. XRP was also part of that conversation,” he said.

To finish its publication, he clarified: “Of course, nothing is guaranteed. Rumors do not always materialize. But if you have been in this space enough time, you know that the largest waves are formed long before breaking. And this feels like a building right in front of us.”

So far, Swift did not issue any official statement and there were no winks or plans to start working with Ripple And much less to incorporate XRP into your system.

However, assuming that the agreement is getting closer and closer, you will have to read the small print and see if XRP is included.

A hypothetical scenario is that the firm offers Ripplenet technology, which is a network of payments that connects banks and financial institutions to send money globally, economically and safely. It should be noted that the platform does not require the use of XRP, although it can optionally integrate it to optimize certain transactions.

Another show of this is that, although Ripple has signed agreements and projects such as CBDC, most do not require the use of XRP, which questions its essential role within the ecosystem that the company is developing.

In summary, despite the marketing and these associations with banks and payments, the usefulness of XRP from the banking sector is limited. That’s why, The great challenge is to make it “the cryptocurrency of the banks” and have a real utility.

Ripple’s focus is in Rlusd

More than integrating with banks, the company seems to have prioritized to solve its legal problems and promote Ripple Usd (RLUSD), the stablecoin that maintains parity with the US dollar.

As Cryptonoticia has reported, the financial product was launched in December 2024 and so far fails to stand out in a market niche that dominates USDT of Tether and USDC from Circle.

At the time of this publication, There are 11 stablecoins that are more valuable than Rlusd:

A fact to highlight is that the stable currency operates in the networks Ethereum and XRP Ledger, whose native currency is XRP.

This means that if RLUSD generates a greater volume of operations in XRP Ledger, that will increase XRP’s demand for the payment of commissions. As a result, the price of cryptocurrency will also rise.

However, we must not rule out Two negative scenarios for XRP.

The first is that Rlusd does not have the expected success. The second is that the use of stable currency is concentrated in Ethereum, which has greater infrastructure and adoption.

Thus, and if the rumors become true, it is not 100% sure that XRP’s price goes “To The Moon.”