- SWIFT’s new initiative promises faster, transparent cross-border payment solutions.
- XRP community reacts strongly, comparing SWIFT’s move to Ripple’s vision.
- Banks commit to Swift’s new rules for seamless international payments.
SWIFT has unveiled a bold new initiative aimed at transforming the landscape of cross-border retail payments. Partnering with over 30 banks from 17 countries, the company is introducing a system that will make international payments as fast, seamless, and predictable as domestic ones.
This significant announcement promises faster transaction speeds, clear upfront fees, and better tracking, addressing long-standing challenges for consumers and small businesses in international payments.
The new rules will require participating banks to disclose foreign exchange rates and fees upfront, guarantee full-value delivery of funds, and provide end-to-end visibility, offering consumers greater transparency and confidence when making cross-border payments.
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As part of the initiative, Swift is also committing to instant settlement where local infrastructure permits, significantly reducing waiting times that have traditionally frustrated users. This effort aligns closely with Swift’s ongoing work to meet the G20’s roadmap for faster, cheaper, and more transparent global payments.
Breaking 🚨: #SWIFT Launches Global Initiative to Revolutionize Cross-Border Retail Payments https://t.co/NgpoafYpG4
— 36crypto – Daily Cryptocurrency News and Update (@36Crypto2) September 25, 2025
The system is expected to benefit over 4 billion accounts across more than 220 countries, further enhancing the global reach of Swift’s services.
XRP Community Reacts: “It Sounds Like XRP!”
Swift’s announcement has sparked an immediate and passionate response from the XRP community, with many members pointing out that the timing of the announcement seems to align closely with Ripple’s vision for cross-border payments.
The community has drawn strong parallels between Swift’s goals and the features of XRP, particularly the focus on speed, transparency, and efficiency in cross-border transactions.
One user, @unknowDLT, tweeted, “In the new article published today by Swift, they mention a new standard for cross-border payments. We all know what this new standard is. It’s XRP. The timing is wild.”
This sentiment was also echoed by Amelia (@Crypto_Barbie), who said, “BREAKING NEWS: SWIFT announced that they’re launching a new initiative to transform payments: They will ensure that ‘cross-border retail payments are as fast and predictable as domestic ones!’ Sounds like #XRP to me.”
Similarly, @onelovevegan32 commented, “BREAKING: SWIFT teams up with major banks to make cross-border payments as fast and secure as domestic ones. Guess what comes to mind? #XRP.”
These reactions highlight how the XRP community sees Swift’s new initiative as a direct competitor to blockchain-based payment solutions like Ripple, which have long been advocating for fast, low-cost, and transparent international payments.
With Swift’s move into the retail payments space, the battle for dominance in cross-border payments is becoming even more intense, further fueling debates on the future of global financial transactions.
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