SWIFT's Top Pick: Ripple (XRP) vs. Hedera (HBAR) Gains Popularity

SWIFT's Blockchain Integration: SWIFT is undergoing a significant technical overhaul to integrate blockchain technology with traditional finance, focusing on enhancing cross-border payments through its migration to ISO 20022 by November 2025.

XRP and HBAR as Contenders: The report from Vanir Assets highlights Ripple’s XRP and Hedera’s HBAR as leading candidates for integration into SWIFT's new payment infrastructure due to their compatibility with ISO 20022 data frameworks.

Institutional Testing and Trials: SWIFT is conducting exploratory trials to test tokenization and multi-chain interoperability, without endorsing any specific token, while institutions consider various factors like regulatory clarity and governance structures.

Future of Payments: The discussion around XRP and HBAR reflects the growing recognition of blockchain's potential in reshaping financial transactions, emphasizing that both could play important roles in future payment systems rather than determining a single winner.