ISO 20022 Approves Ripple’s Interledger for SWIFT Integration
ISO 20022 has formally approved the activation of Ripple’s Interledger Protocol (ILP) on the SWIFT network, marking a milestone in cross-border payments and blockchain interoperability. The Mojaloop Foundation submitted the change request in late 2024, and ISO 20022 messaging standards now include ILP references. Banks can use XRP as a bridge asset for value settlement and leverage Ripple’s existing infrastructure for faster, cheaper transactions. With SWIFT set to migrate 90% of its traffic to ISO 20022 by early 2026, ILP’s inclusion could drive institutional adoption of blockchain payment rails. While full integration depends on bank uptake and technical rollout, this approval positions Ripple at the nexus of traditional finance and distributed ledger technology, potentially reshaping global money flows.
Bullish
The ISO 20022 approval of Ripple’s Interledger Protocol is a bullish development. It validates Ripple’s role in cross-border payments and aligns its infrastructure with SWIFT’s global messaging standard. Historically, blockchain partnerships with major finance networks have driven positive price action for associated tokens. In the short term, traders are likely to see increased demand and volatility in XRP as market participants price in potential institutional adoption. Over the long term, deeper integration with SWIFT’s ISO 20022 rails could sustain growth by cementing XRP’s utility and broadening its real-world use cases. While actual deployment depends on bank uptake, the strategic endorsement of ILP signals strong market confidence.