Recently, social media discussions have circulated unverified claims suggesting that SWIFT is nearing an agreement with Ripple to incorporate XRP into its cross-border payment system, with reports alleging that billions of XRP are secured in escrow as liquidity reserves.
Watcher.Guru Claims Account Hacked
However, Watcher.Guru, a cryptocurrency news platform that initially reported these claims, announced that its account was hacked. The platform stated, “Our X account has been hacked and the previous post (now deleted) was posted by a hacker.”
WARNING: Our X account has been hacked and the previous post (now deleted) was posted by a hacker.
We have 2FA enabled and have taken extreme measures to avoid hacks.
We are looking into this and will provide an update when we have more details. We are working to get in touch…
— Watcher.Guru (@WatcherGuru) March 21, 2025
Idea Remains Speculative, No Official Confirmation Yet
Within the XRP community, there’s growing debate about SWIFT’s future, with some suggesting that XRP and Ripple’s technology could replace SWIFT in global finance. They argue that XRP offers faster transactions, lower fees, and better liquidity management.
There are challenges to XRP replacing SWIFT, including regulatory issues and the need for broad adoption by institutions. Currently, SWIFT remains the main system for international financial messages, connecting over 11,000 institutions. While XRP has advantages, like faster transactions and lower fees, the idea of it replacing SWIFT is still speculative and there’s no official confirmation from Ripple or SWIFT about such a shift.
Did Ripple CEO Hint in the Past?
However, a potential Ripple-SWIFT partnership could revolutionize global payments, making cross-border transfers faster, cheaper, and more efficient. Ripple CEO Brad Garlinghouse has hinted at this idea, in the past, sparking excitement within both the crypto and banking sectors.
The use of XRP in escrow for liquidity reserves could reduce concerns about crypto volatility. However, challenges like regulatory issues and SWIFT’s hesitance to fully adopt crypto remain. If it happens, the partnership could boost XRP’s adoption and value, but there are still technical and integration hurdles to overcome.
