Former SWIFT chief innovation officer Tom Schach has denied claims online that the global financial messaging network plans to integrate or support it. $XRP.
Zschach responded to a post by X claiming that SWIFT uses established public tokens rather than creating its own digital assets. he explained the suspicions $XRP It disputed another claim, saying integration was “not happening” and lacked official confirmation.
not happening
— Tom Zschach (@TomZschach) July 10, 2026
Former SWIFT executive refuses $XRP claim
Rumor has it that SWIFT had no intention of competing. $XRP Instead, it will support or use tokens linked to Ripple. However, the post does not quote SWIFT’s statement or provide details of the announced integration.
Zschach, who previously led SWIFT’s digital asset strategy, flatly denied the allegations. He also asked the AI assistant if it currently uses SWIFT. $XRPfurther questioning the basis of online reporting.
The responses were made as a discussion of the possibilities of SWIFT; $XRP Integration has grown across social media. As previously reported on crypto.news, $XRP Although they may continue to be available through some connected payment services, SWIFT does not make tokens an essential part of the network.
Zschach took on the challenge. $XRPPrevious related claims. He questioned whether banks would use unstable public tokens for payments and criticized claims that Ripple could replace established financial infrastructure.
SWIFT builds its own blockchain payment system
SWIFT is developing a blockchain-based shared ledger for cross-border payments. The company announced in March that it had completed the design phase and started developing a minimum viable product.
The project aims to connect tokenized commercial bank deposits and support 24-hour international payments. SWIFT expects the first version to be able to process real transactions in 2026, and participating banks continue to test further applications and payment assets.
However, the name was not disclosed in the official announcement. $XRP as a payment token. The project focuses on regulated bank debt rather than public cryptocurrencies, weakening SWIFT’s claims of choice. $XRP For direct integration.
Still, networks have continued to explore connections between traditional financial institutions and blockchain systems. SWIFT worked with banks and technology providers to test how existing financial messages can trigger transactions on distributed ledgers.
Bank pilot fuel is fresh $XRP speculation
The latest rumors followed the news that SWIFT has launched a blockchain payments pilot involving 17 financial institutions. Some participating banks have separate business relationships with Ripple or use Ripple-related services. $XRP ledger.
As reported by crypto.news,$XRP SWIFT rose after announcing a banking pilot. Standard Chartered and UBS were also among the institutions named, but their Ripple links had not been established to be used in the SWIFT test. $XRP.
The presence of banks linked to Ripple creates scope for claiming hidden profits $XRP role. However, banks often work with multiple payment and blockchain providers simultaneously. Joining a SWIFT project does not automatically transfer all partner technology to the project.
Previous reports also claimed that SWIFT was being tested. $XRP And H.B.A.R. These claims rely on third-party social media reporting rather than SWIFT’s direct announcements, and the reported tests remain questionable.
Ripple moves from replacement to connection
Ripple has spent years presenting its payments network as a faster alternative to SWIFT. More recently, the company has focused on integrating with existing banking systems through custody, stablecoins, and regulated payment services.
As previously reported by crypto.news, Ripple is moving closer to infrastructure linked to SWIFT, rather than relying solely on a strategy to replace the network. This change could create more connections between the two systems, but it does not guarantee direct demand. $XRP.
$XRP It can act as a bridge asset within some Ripple payment products. However, Ripple can also process transactions through the RLUSD stablecoin and other payment routes.
So far, neither SWIFT’s shared ledger announcement nor the latest bank pilots support this issue. $XRP Integration. While Zuschach’s response directly challenges the latest “support” claims, SWIFT’s official documentation continues to focus on bank-issued digital assets and network interoperability.
