50 Banks Join SWIFT’s Pilot: Will XRP & XLM Collab?

SWIFT’s recent move aligns with the G20 expectations of having most cross-border transactions settled immediately by 2027. The 5-pillar G20 program includes speed, cost, access, choice & transparency, which SWIFT is successfully covering. According to the latest data, 80% of money is settled within 10 minutes, a huge contrast from the former 3-5 business days.

Moreover, Europe’s top financial conglomerate just added a native blockchain ledger, enabling coordinated corridors that include crypto currencies. What’s important to understand is that SWIFT isn’t aiming to replace blockchain tech, but rather accompany the stack by providing the ultimate plug service. To accomplish this, the roll-out was joined by 50 banks with crypto ties.

Major banks with Ripple / XRP ties:

Banks with Stellar Lumens (XLM) ties:

Obviously, Ripple’s XRP is considerably winning in the bank integration field so far, but many SWIFT-related technical documents portray the two Distributed Ledger Technology (DLT) coins together on cross-border payment routes. Both offer reduced reliance on intermediaries, able to process transactions in seconds rather than SWIFT’s legacy 3-5 day time-frame.

Surely, the question isn’t which system is better, it’s which system the globe picks for everyday use. Banks in the European Union (EU) & the Asian region particularly embrace the XRP-based On-Demand Liquidity (ODL) service, providing them with an optional liquidity pool in emerging & high-demand markets.

From this perspective, Stellar Lumens (XLM) may be better suited for direct bank-to-bank or CBDC-style experiments rather than competing head-on with XRP in the cross-border payment field, judging by the density of SWIFT-connected payment routes involving Ripple’s native chain.

The efficiency of a $155 trillion market in annualized trading volume now massively relies on a blockchain-based tech stack centered around connectivity, hesitating to pick one clear winner.

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