Ripple Taps 11,000 SWIFT Banks via Finastra
Ripple has partnered with Finastra to connect its RippleNet blockchain network to over 11,000 SWIFT-connected banks and financial institutions. Documents shared by researcher SMQKE reveal that Finastra’s service bureau will serve as a bridge, linking banks’ back-office systems to both Ripple’s xCurrent cloud solution and SWIFT messaging. RippleNet currently counts around 200 institutions.
The new integration promises to enable direct cross-border payments, leveraging blockchain technology alongside traditional banking channels. Finastra SVP Ritesh Singh highlighted the potential for faster, cost-efficient global transfers in high-fee markets. Former Ripple executive Marcus Treacher noted this collaboration could expand Ripple’s footprint and enhance interoperability for existing clients of both Finastra and Ripple.
Bullish
Ripple’s partnership with Finastra to access over 11,000 SWIFT-connected institutions is a bullish development for XRP. By bridging RippleNet and SWIFT corridors, this integration elevates network interoperability and positions XRP for broader adoption in cross-border payments. Historically, XRP price has responded positively to announcements that expand its institutional footprint, such as MoneyGram and SBI Remit integrations. In the short term, traders may view this news as a catalyst for increased demand, driving bullish sentiment around XRP. Over the long term, improved connectivity through Finastra may lead to real world use cases and higher transaction volumes on RippleNet, reinforcing XRP’s utility and potentially supporting sustained price growth. Nevertheless, market dynamics and regulatory developments remain key variables. Overall, the enhanced access to SWIFT networks strengthens XRP’s competitive advantage against legacy payment systems, signaling a favorable outlook.