Ripple Is Now Integrated Into SWIFT

Crypto enthusiast Alessio Meloni recently shared a significant update regarding Ripple and SWIFT.

In a tweet, Meloni announced that Ripple is now integrated into SWIFT through EastNets’ PaymentSafe, allowing XRP to move seamlessly across the network.

He emphasized that XRP, as an ISO 20022-compliant asset , enables faster and more secure cross-border transactions, positioning it as a key bridge currency for the future.

🚨 MASSIVE NEWS! 🚨

RIPPLE IS NOW INTEGRATED INTO SWIFT! ✅ WITH EASTNETS’ PAYMENTSAFE, XRP MOVES SEAMLESSLY ACROSS SWIFT’S NETWORK AS AN ISO 20022-COMPLIANT ASSET, ENABLING FASTER, SECURE CROSS-BORDER PAYMENTS. 🌍💸

XRP IS THE BRIDGE CURRENCY OF THE FUTURE! 🔑🚀 #XRP #RIPPLE … pic.twitter.com/TbewF96Q1N

— Alessio Meloni (@Panzbaby777) February 5, 2025

This development highlights Ripple’s expanding role in the financial sector, further integrating digital assets into traditional banking systems. Using XRP within SWIFT aligns with ongoing efforts to modernize international payments by improving speed, efficiency, and transparency.

PaymentSafe’s Role in Financial Messaging

EastNets’ PaymentSafe functions as a payment hub between multiple payment networks, including domestic and international systems, along with SWIFT. A key feature of this platform is its universal translator, which facilitates the conversion between different payment formats, including traditional MT messages and the ISO 20022 standard.

A video accompanying Meloni’s tweet explained that PaymentSafe is designed to enhance straight-through processing (STP) across different payment networks. The universal translator ensures that legacy and modern financial messaging standards can interact efficiently, reducing delays and improving compatibility between institutions. The system supports formats like the widely used MT standard as well as ISO 20022, including CBPR+, cross-border payments, and reporting standards.

This integration simplifies the transition to ISO 20022, which is being adopted globally to enhance the quality of financial data exchanged between banks and financial service providers.

Implications for Cross-Border Transactions

The adoption of ISO 20022 is a significant step toward improved interoperability in the financial industry. SWIFT has been working to harmonize instant payments and enhance global payment systems, reinforcing the need for a standardized messaging format. This transition ensures that financial institutions can exchange richer data, improving transaction accuracy and efficiency.

Ripple’s compliance with ISO 20022 further strengthens XRP’s position as a bridge currency in international finance. The integration with SWIFT via PaymentSafe allows for a seamless and cost-effective solution to common challenges in cross-border payments, such as high fees and slow processing times.

As financial institutions continue to upgrade their infrastructure, the collaboration between Ripple and EastNets represents an important step in the modernization of global payments. This integration demonstrates how blockchain-based assets like XRP can work alongside existing financial networks, offering a more streamlined approach to international transactions.

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