SWIFT Investigates Ripple and Hedera, Exploring Path for Blockchain in Global Payments

The Financial Transactions Society (SWIFT) is currently testing the capabilities of XRP and Hedera Hashgraph networks to see if these blockchain platforms can integrate with its existing infrastructure. This trial aims to determine whether next-generation digital ledgers can merge with SWIFT’s traditional messaging systems, handling over $150 trillion in cross-border transfers annually. While SWIFT hasn’t committed to adopting any specific blockchain for their systems, selecting XRP and Hedera highlights the growing relevance of these technologies in shaping faster, cheaper, and more sustainable global payments.