Reasons SWIFT Remains Unreplaced and Ripple (XRP) Lacks Adoption
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 03 2025
Outdated Banking Infrastructure: Vincent Van Code highlights that many banks still rely on technology from the 1970s and 1980s, with SWIFT remaining dominant due to the outdated systems that underpin the financial sector, including IBM z/OS mainframes and COBOL-based systems.
Challenges for Ripple Adoption: While Ripple offers a modern alternative with instant settlement and transparency, its adoption is hindered by the complexity of integrating with legacy systems, regulatory inconsistencies, and the banking industry's reluctance to transition from long-established technologies.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
