Swift | Crypto

Remittance firms are using crypto to bypass parts of traditional settlement infrastructure, but this does not mean SWIFT is disappearing. Some of the world’s largest remittance providers are accelerating their digital asset strategies as they look for faster settlement alternatives to traditional banking rails. Western Union’s new stablecoin USDPT is the latest example of the growing overlap between traditional payments firms and crypto infrastructure. The money transfer company launched its Solana-based stablecoin on Monday in the Philippines and Bolivia, with plans to expand into additional markets throughout 2026. Western Union CEO Devin McGranahan said in the company’s Q1 earnings call that the stablecoin will be used as an alternative settlement layer to the decades-old SWIFT network. Read more

Societe Generale-Forge said its EUR CoinVertible stablecoin is the first MiCA-compliant digital asset that is “natively compatible” with SWIFT’s interoperability capabilities. Global bank messaging network SWIFT has tested Societe Generale’s euro-pegged stablecoin as part of a collaboration aimed at improving interoperability between traditional financial systems and blockchain-based assets. Societe Generale’s digital asset subsidiary, SG-Forge, on Thursday announced it successfully completed the exchange and settlement of tokenized bonds in both fiat and digital currencies. The collaboration involved transactions in SG-Forge’s stablecoin EUR CoinVertible (EURCV), which the bank initially launched on Ethereum in 2023.  Read more

Swift has chosen Consensys-developed Linea to pilot its transition from traditional interbank messaging to blockchain-based communications, according to a Sept. 26 report by The Big Whale. A source familiar with the matter said the global banking consortium selected the Ethereum layer-2 network after months of negotiations to test how interbank on-chain messaging can replace its […] The post Swift reportedly picks Linea for multi-month interbank messaging system transition appeared first on CryptoSlate.

Ripple is done fighting the SEC, meaning it can focus on its original goal: challenging SWIFT, the world’s money transfer system. Ripple has finally finished its legal battle against the US Securities and Exchange Commission, bringing legal clarity to its underlying coin, XRP (XRP). Now observers are asking whether XRP can finally focus on providing a viable alternative to SWIFT. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international money transfers since its founding in 1973. However, for several years, critics have said that the system is outdated. Many in the blockchain industry, including Ripple CEO Brad Garlinghouse, argue that blockchain technology provides higher throughput and better transparency, making it a superior alternative to SWIFT. Read more

SWIFT’s Chief Innovation Officer, Tom Zschach, has raised doubts about whether Ripple’s technology and the XRP token can meet the standards global banks demand for cross-border settlement. His remarks, posted on LinkedIn, sparked renewed debate within the XRP community, which has long positioned Ripple as a challenger to SWIFT’s dominance. Zschach said some observers view […] The post SWIFT CIO questions Ripple and XRP’s readiness for global banking standards appeared first on CryptoSlate.

ChatGPT's XRP Analysis has detailed consolidation at $2.8993 under key EMAs with RSI 41, mixed MACD and light volume, as SWIFT has scheduled live trials for Nov. 2025 on a $150T network, with XRP and HBAR cited as candidates. Scenarios have outlined recovery toward $3.20–$3.40 or extended range. The post ChatGPT’s XRP Analysis Flags Bearish Setup Below EMAs – Eyes on SWIFT’s Integration appeared first on Cryptonews.

Stablecoin rails are on pace to challenge incumbent cross-border networks by 2026, as monthly on-chain dollar settlement already runs in the trillions and merchant access widens through mainstream processors. Per RWA.xyz’s live dashboard, stablecoins moved about $3.3 trillion on chain in July, with roughly 39.7 million monthly active addresses, while total stablecoin value sits near […] The post Stablecoin to settle $5 trillion and challenge SWIFT in 2026 amid $3.3T July volume appeared first on CryptoSlate.

SWIFT dominates interbank messaging for cross-border transfers. Ripple can compete on its ability to seamlessly to move capital, Brad Garlinghouse said.