SWIFT could consider using cryptocurrencies such as XRP for cross-border payments once regulations are clearer and market volatility eases, according to former SWIFT CEO Gottfried Leibbrandt and crypto analyst SMQKE.
Analyst SMQKE has pointed to a growing expectation that global payment networks may eventually integrate digital assets into their infrastructure as regulatory frameworks develop. Leibbrandt, who previously led the SWIFT interbank messaging network, described both the potential and the risks of using cryptocurrencies in traditional finance.
“I think that the big part of Ripple’s value proposition is the cryptocurrency XRP,” Leibbrandt said, adding that banks remain reluctant to adopt it because of currency volatility.
His comments reflect a broader hesitancy among major financial institutions. While digital assets promise faster and cheaper cross-border transactions, many banks remain cautious due to sharp price swings and unresolved legal questions.
SWIFT’s measured approach is closely tied to regulatory uncertainty around cryptocurrencies such as XRP. Rules governing digital assets vary widely across jurisdictions, raising potential legal and compliance risks for banks that move too quickly.
Industry observers argue that until there is more consistent oversight and clearer classification of digital assets, large-scale adoption by regulated banks is unlikely. For now, most institutions are testing blockchain and crypto services in limited pilots rather than fully deploying them for everyday payments.
Despite these headwinds, the use of cryptocurrencies in traditional finance is slowly expanding. XRP, designed with cross-border payments in mind, aims to offer faster settlement, lower fees and greater transparency compared with many legacy correspondent banking processes.
Supporters say that if SWIFT or similar networks were to integrate XRP or other digital assets in the future, it could streamline international transfers and reduce costs for banks and their customers. Such a shift would depend heavily on clearer regulation and improved market stability.
Leibbrandt suggested that SWIFT is monitoring developments in the crypto sector and could revisit its stance as price volatility declines and regulatory measures—such as emerging crypto clarity and market structure bills—advance. As the ecosystem matures, some analysts believe that adopting digital assets could become a strategic move for banks seeking to remain competitive in cross-border payments.
For now, SWIFT has not announced any concrete plans to integrate XRP. Any potential move would likely follow significant progress on regulatory clarity and risk management, alongside continued testing of how digital assets can safely interact with the existing financial system.