News View Non-AMP

SWIFT vs XRP Explained: Ripple CEO Breaks Down the Market Impact

Published by
Anjali Belgaumkar and Qadir AK

Ripple CEO Brad Garlinghouse addressed concerns from the XRP community after SWIFT’s recent announcement about entering blockchain technology. The update came in an exclusive shareholder letter shared by Jake Claver.

SWIFT revealed plans to use a Layer 2 blockchain built on Ethereum called Linea, with an initial focus on smart contracts and a potential stablecoin. While SWIFT has not confirmed that their stablecoin will run on Ethereum, some in the community assumed this would be the case.

Garlinghouse Calls SWIFT Move a Marketing Play

Garlinghouse reassured XRP holders that Ripple’s journey with the XRP Ledger is far from over. He described SWIFT’s announcement as more of a marketing play ahead of their annual conference rather than a fully developed product.

He said that while Ripple once considered SWIFT a major competitor, the company has spent years building robust digital asset infrastructure, expanding payments, custody solutions, stablecoins, and more on the XRP Ledger.

“In the time it has taken SWIFT to announce a prototype, we’ve been building real products and expanding our infrastructure globally,” Garlinghouse said.

Network Effect Gives XRP an Edge

A major concern among XRP investors is whether SWIFT or other companies could copy XRP’s code to create their own blockchain solutions. Garlinghouse explained that simply copying the XRP Ledger does not replicate Ripple’s network effect.

For over 13 years, Ripple has onboarded central banks, financial institutions, and other users onto the XRP Ledger. This adoption creates a network that competitors cannot easily replicate.

He added that major financial players like JP Morgan have also chosen Ethereum for smart contracts and blockchain products, not because XRP’s code is inferior, but because widespread adoption and infrastructure matter more than the technology itself.

The CEO’s message to shareholders was clear: Ripple is confident in the XRP Ledger’s future and believes competitors cannot match the ecosystem Ripple has built.

XRP Community Reaction

The update reassured many in the XRP community who were concerned that SWIFT’s blockchain plans might threaten Ripple’s position. Analysts and investors noted that experience, adoption, and trust with central banks give XRP a long-term advantage over newly announced blockchain projects.

Anjali Belgaumkar and Qadir AK

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000?

Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…

October 3, 2025

XRP Price Surges, Can Bulls Drive Toward $3.50 After ETF Buzz?

XRP price is once again making headlines after breaking past the $3 mark, sparking renewed…

October 3, 2025

Ethereum’s Vitalik Buterin Calls Out Peter Thiel Over Anti-Cypherpunk Views

Ethereum co-founder Vitalik Buterin has sparked debate after taking a swipe at billionaire investor Peter…

October 3, 2025

Ethereum Whales Slowly Returning to the ETH Market, Which Tokens Could See a 100x Run?

Ethereum whales are slowly making their way back into the market, and that usually signals…

October 3, 2025

Crypto News : Nomura’s Laser Digital Seeks Japan License as Crypto Transactions Double to $230B

Nomura Holdings is planning to grow its presence in Japan’s fast-growing digital asset market. Its…

October 3, 2025

Solana Vs Cardano Vs Remittix: Investing In Which Of These Could Turn $500 Into $50,000 Before January

When choosing between Solana, Cardano, and Remittix (RTX), many ask: which could turn $500 into…

October 3, 2025