SWIFT plans to launch a new global payments scheme by 2026 that aims to make cross-border payments for consumers and SMEs as fast and predictable as domestic transfers, with a focus on transparency and fee disclosure. While SWIFT is integrating a blockchain-based ledger for better payment tracking, it is not changing its correspondent banking settlement system or adopting cryptocurrencies like XRP. Ripple’s blockchain-powered liquidity-saving solutions remain relevant in specific corridors where SWIFT’s model does not address pre-funding capital inefficiencies.

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