The financial landscape is undergoing a seismic shift toward blockchain technology, as evidenced by SWIFT's latest infrastructure updates. Scheduled for November 2025, these changes could unlock a $155 trillion market for utility altcoins like Ripple (XRP) and Hedera (HBAR).
SWIFT Embraces Crypto in ISO-20022 Upgrade
SWIFT's updated documentation confirms support for Distributed Ledger Technology (DLT) wallets, enabling cash settlements on blockchain-based systems. This pivotal move aligns with the capabilities of XRP and HBAR, both of which operate on DLT-based networks. Key highlights include:
- DLT wallets for seamless settlement.
- Tokenized transactions tracked via distributed ledgers.
- Oracles designated as trusted pricing sources for crypto assets.
🚨 "SWIFT’s integration of DLT marks a watershed moment for global finance, bridging traditional systems with blockchain efficiency."
The upgrades extend to SWIFT’s legacy MT messaging system, which now incorporates Block Chain Wallet (BCCW) functionality. These changes address limitations in traditional cash-settled wallets, with full implementation expected by November 2025.
Market Response: HBAR and XRP Rally
Hedera (HBAR)
- Price: Up 23% to $0.21, targeting $0.29 if bullish momentum continues.
- Trading Volume: Steady below $1 billion daily, signaling cautious optimism.
👉 Why HBAR’s DLT efficiency makes it a SWIFT frontrunner
Ripple (XRP)
- Spot Market Volume: Skyrocketed to $10.65 billion midweek.
- Derivatives Trading: Spiked 166% to $19.75 billion in 24 hours.
- Ranking: Briefly overtook USDT as the third-largest cryptocurrency.
"XRP’s cross-border prowess positions it as a natural fit for SWIFT’s new framework."
Challenges and Industry Growth
While the crypto sector gains credibility—highlighted by Ripple’s legal victory against the SEC—challenges remain:
- Regulatory Hurdles: Global standards for DLT adoption are still evolving.
- Market Volatility: HBAR and XRP prices remain sensitive to macro trends.
Notable Milestones:
- KuCoin’s ISO:27001:2022 certification, bolstering trust in crypto exchanges.
- A $2 billion trust fund established by KuCoin for compliance initiatives.
Why SWIFT’s Move Matters
DLT integration promises instant settlements and enhanced efficiency for SWIFT’s $150 trillion annual flow. This synergy benefits both legacy finance and emerging digital ecosystems.
FAQ Section
Q1: How will SWIFT’s DLT integration impact XRP and HBAR?
A1: It validates their utility for cross-border transactions, potentially driving long-term adoption.
Q2: What risks do HBAR and XRP face despite SWIFT’s news?
A2: Regulatory scrutiny and market volatility could temper short-term gains.
Q3: When will SWIFT’s upgrades go live?
A3: Full rollout is slated for November 2025.
👉 Explore how DLT is reshaping global finance
Disclaimer: This content is informational only and not financial advice. Cryptocurrency trading involves significant risk.
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