The two altcoin giants Ripple (XRP) and Hedera Hashgraph (HBAR) have both been acknowledged for their unique blockchain technology. To illustrate, Ripple’s RippleNet has banking institutions of members all across the globe, including well-known financial brands like Santander, Canadian Imperial Bank of Commerce, SEB, TransferGo and others.
Digital Euro Conference To Provide Answers
Making cross-border payment settlement nearly instant, Ripple’s (XRP) chain drew the attention of The Society for Worldwide Interbank Financial Telecommunication (SWIFT). The international money transfer conglomerate has been rumored to test out several blockchains for a potential integration, including Ripple (XRP) & Hedera Hashgraph (HBAR).
As the story unfolds, both Ripple & Hedera’s representatives are confirmed to participate in the Digital Euro Conference on March 27, 2025 in Frankfurt, Germany. As the guest list is enriched with most important figures in the financial world, both the XRP and HBAR armies are expecting a noteworthy update in regards to SWIFT testing during the event.
Here’s Why SWIFT Embraces The Blockchain
Most notably, talks about Hedera Hashgraph’s (HBAR) candidacy as a potential SWIFT partner emerged after a similar conference, HederaCon in Denver, Colorado on Friday 25, 2025. During the keynote speech, Alisa DiCaprio, the Head of Industry Engagement at SWIFT, explained that merchants expect most cross-border transfers to be settled in less than an hour by 2030.
In Ripple’s (XRP) case, the altcoin’s native chain is connected to the Eastnet’s PaymentSafe platform, enabling seamless operability between the XRP Ledger and traditional infrastructure like SWIFT. The financial behemoth serves a whopping 11,000 financial institutions around the globe, which would enable Ripple’s (XRP) status as a cross-bridge crypto currency.
As of press time, both aforementioned altcoins are trying to stage bounce back rallies. While the 19th ranked Hedera Hashgraph (HBAR) whipped up 3% gains in 24 hours to trade slightly below $0.20, Ripple (XRP) price stayed in a phased consolidation setup to trade in a narrow range between $2.40 and $2.50 this Tuesday, according to CoinGecko.
On The Flipside
- Aside from integration talks, Ripple’s CEO Brad Garlinghouse has recently hinted at competing with SWIFT, naming the time-consuming transaction process as “due for disruption”.
- Ripple has a network of banks across the globe known as the RippleNet, which directly integrates with XRP Ledger due to the capability of handling up to 3.4K transactions per second.
Why This Matters
Cross-border payments powered by the blockchain would allow settling large SWIFT transactions across 200 countries nearly immediately instead of the regular 1 to 4 working days.
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