SWIFT Evaluates XRP and Hedera – A $150 Trillion Payment Network Could Mark Blockchain's Major Success

SWIFT's Trials with Blockchain: SWIFT is testing the integration of XRP and HBAR with its existing banking infrastructure under ISO 20022 standards, aiming to enhance cross-border payment systems that currently handle over $150 trillion annually.

Potential Impact on Digital Assets: The shift of even a small portion of SWIFT's transaction flow to blockchain could significantly increase demand for tokens like XRP and HBAR, marking a potential evolution in global finance.

Institutional and Regulatory Momentum: SWIFT's experiments align with increasing institutional interest and regulatory developments around digital currencies, including initiatives in Hong Kong and the U.S. aimed at integrating blockchain into traditional financial markets.

Significance of Blockchain Technology: The tests by SWIFT could pave the way for interoperable financial systems that combine the efficiency of decentralized ledgers with the reliability of established banking frameworks, moving the crypto industry towards practical financial applications.