The director of community at the XRPL Foundation is urging XRP enthusiasts to stop spreading false claims about a potential integration with SWIFT and instead focus on real progress within the ecosystem. Vet (Hussein Zangana) called out misleading narratives in a recent post on X, emphasizing that actual developments on the XRP Ledger are substantial enough that fabricated stories are unnecessary.
Real Developments on the XRP Ledger
Vet listed several genuine advancements currently underway, including security improvements, on-chain loans, stablecoins, foreign exchange market capabilities, and compliant trading via permissioned domains. He also highlighted ongoing work to bring onchain privacy to the ledger. These efforts are accompanied by significant moves to onboard institutions and consumers, though Vet acknowledged that much work remains to scale adoption.
SWIFT Integration Claims Debunked
Vet explicitly stated that "SWIFT is not using XRP" and suggested blocking influencers who claim otherwise. The rumors gained traction after SWIFT announced its blockchain-based ledger was ready for piloting 24/7 tokenized cross-border payments. Some in the XRP community misinterpreted this as a sign of XRP integration. Former SWIFT executive Tom Zschach also pushed back, clarifying that crypto projects adopting the ISO 20022 messaging format does not imply SWIFT will use XRP. He noted that SWIFT never touches the value leg and has no architectural slot for such a settlement asset.
Regulatory Milestone for Ripple
This week, Ripple received authorization for a Crypto Asset Service Provider (CASP) license from Luxembourg's CSSF, confirming full compliance with the MiCA framework. The license allows Ripple to offer solutions underpinned by XRP and RLUSD to financial institutions across all 30 countries of the European Economic Area. Vet urged the community to focus on such tangible milestones rather than baseless hype.