XRP Goes Mainstream: Ripple’s Breakthrough Integration Unlocks SWIFT’s 11,000-Bank Empire

SMQKE posted the video with a caption stating that Ripple is "actively being integrated into SWIFT,"

Quick overview

  • Crypto researcher SMQKE shared a video highlighting the integration of blockchain solutions with traditional financial systems.
  • Eastnets' PaymentSafe platform acts as a payment hub, integrating transactions from SWIFT and other networks.
  • The platform's universal translator is essential for converting payment formats, ensuring compliance with ISO 20022.
  • This integration allows XRP to function as a bridge currency for cross-border payments within SWIFT's network.

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Crypto researcher on X, SMQKE (@SMQKEDQG), recently shared a video that reignited interest in the emerging technical links between blockchain solutions and traditional financial systems.

An Eastnets representative explained how the company’s PaymentSafe platform works as a payment hub capable of integrating transactions from SWIFT, international, and domestic networks.  SMQKE posted the video with a caption stating that Ripple is “actively being integrated into SWIFT.”

 

PaymentSafe’s universal translator is crucial for converting various payment formats. The legacy MT standard and ISO 20022 format, which includes CBPR+, are also mentioned.

It highlighted that third-party partnerships, such as EastNet and Ripple, are vital for enabling XRP to move through the SWIFT network as an ISO 20022-compliant asset. This statement frames the ongoing discussion about how Ripple’s technology can work with established banking infrastructure.

PaymentSafe is leading ongoing efforts to connect blockchain-based payment systems with traditional rails. PaymentSafe simplifies Straight-Through Processing (STP) for financial institutions by translating payment formats.

Its compliance with ISO 20022 enables interoperability between newer blockchain systems, such as Ripple, and legacy infrastructures, like SWIFT, which still rely on MT messages during their transition.

This setup “connects Ripple’s blockchain technology with SWIFT’s traditional financial systems,” according to SMQKE. The post also states that this integration enables XRP to serve as a bridge currency, facilitating cross-border payments across SWIFT’s extensive global network.

ABOUT THE AUTHOR See More
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.

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