Chainlink’s significant involvement in SWIFT’s blockchain integration is causing ripples in the financial sector, sparking discussions about its potential to outshine XRP in banking links.
Recent reports have revealed that SWIFT has been leveraging Chainlink technology to establish connections between over 11,000 banks and public and private blockchains, positioning Chainlink as a frontrunner in real-world adoption.
Chainlink’s Influence in Global Finance
Advocates highlight Chainlink’s collaborations with major financial institutions like the DTCC, Mastercard, central banks, and leading asset managers, showcasing its expanding role in the industry.
The partnership with SWIFT plays a crucial role in facilitating data and transaction flows across various blockchains.
While there is speculation about which blockchain would handle these transactions, Chainlink supporter Zack Rynes mentioned that numerous blockchain options could fulfill this role, leaving room for XRP and the XRP Ledger (XRPL) to potentially participate.
Rynes emphasized the ongoing collaboration between Swift and Chainlink, aiming to connect 11,500 Swift-affiliated banks to both public and private blockchain networks.
Contrary to popular belief, Swift is aligning with @Chainlink to link 11,500 Swift member banks with various public and private blockchains, challenging the prevailing narrative on $XRP’s future role.
There are numerous instances where perception diverges from reality. $LINK is making waves as an institutional coin. pic.twitter.com/nt0XXtleV9
— Zack Rynes | CLG (@ChainLinkGod) August 10, 2025
Some XRP supporters have responded to this development, suggesting that external criticism signifies an impending breakthrough for the token.
However, Rynes argued that Chainlink’s market capitalization of $14 billion is undervalued compared to XRP’s $188 billion, stressing Chainlink’s institutional accomplishments.
Diverse Perspectives from Ripple Enthusiasts
The discourse also involved Dom Kwok, co-founder of EasyA, who responded to a statement from influencer Ansem, suggesting that Chainlink embodies what Ripple could be if fully operational.
Kwok mentioned observing Ripple’s technology in action in practical scenarios but noted a lack of similar visibility for Chainlink or active developer engagement with it.
He emphasized that direct interaction with developers often unveils the technology that is effectively scaling.
Chainlink’s collaboration with SWIFT dates back to 2016 and has gained momentum in recent times.
I have witnessed @ripple’s technology in real-world applications.
I have yet to witness @chainlink’s practical application or encounter developers actively working with Chainlink.
Engaging with developers daily offers insights into which technology is truly impactful, surpassing the influence of influencers who lack…
— Dom | EasyA (@dom_kwok) August 10, 2025
Both entities recently announced a proof-of-concept during the latest Chainlink SmartCon event, demonstrating the utilization of the Cross-Chain Interoperability Protocol (CCIP) to interconnect SWIFT’s legacy messages with various blockchains.
In a successful test conducted in May 2023, BNY Mellon and BNP Paribas executed tokenized asset transfers between different chains.
Featured image from Unsplash, chart from TradingView
