- Former SWIFT executive Tom Zschach rejects claims that the network plans to integrate XRP.
- Viral XRP rumors lacked official evidence, with no SWIFT statement confirming support.
- Zschach’s latest remarks reinforce his long-standing skepticism toward Ripple and XRP.
Former SWIFT Chief Innovation Officer Tom Zschach has dismissed claims that the global financial messaging network plans to support or integrate XRP.
The rumors spread after an XRP community post suggested that SWIFT would support public digital assets like XRP instead of creating its own cryptocurrency.
Zschach responded with a short but direct statement: “Not happening.”
His reply pushed back against claims that SWIFT planned to work with XRP-based payment infrastructure rather than compete with it.
Viral XRP Claims Had No Supporting Evidence
XRP community figure SMQKE shared excerpts from an alleged document claiming SWIFT had abandoned plans to create its own digital asset.
The post suggested that SWIFT would support existing tokens such as XRP and allow digital assets to operate across its network without competing with its members. It also claimed this would disprove the long-held belief that SWIFT would never use XRP.
However, no official SWIFT document or statement was provided to support these claims.
Zschach Has Long Questioned Ripple and XRP
Zschach’s latest comments align with his previous views on Ripple and XRP. While leading SWIFT’s digital asset strategy, he questioned XRP’s usefulness and level of decentralization. He also previously compared Ripple’s technology to a “fax machine” in the internet era.
Zschach has also argued that Ripple’s survival of its legal battle with the U.S. Securities and Exchange Commission should not be seen as proof of institutional strength.
His latest remarks reflect his continued skepticism toward Ripple’s technology and XRP’s role in global payments.
XRP and SWIFT Rumors Continue Despite Lack of Evidence
Speculation about a potential SWIFT and XRP connection has circulated for years. These rumors often return whenever SWIFT announces new initiatives involving digital assets, blockchain technology, or financial network interoperability.
SWIFT has explored areas such as tokenization, central bank digital currencies (CBDCs), and connections between different financial systems. However, neither SWIFT nor Ripple has announced any partnership involving XRP.
Related: Swift Launches Blockchain Ledger Pilot With 17 Global Banks
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