Vet (@Vet_X0), a validator on the XRP Ledger (XRPL), recently responded to commentary made by Tom Zschach, Chief Innovation Officer at SWIFT , regarding blockchain governance. Zschach argued that surviving lawsuits does not equate to resilience and claimed institutions prefer neutral, shared governance. Vet’s comments came in response to another professional who highlighted Ripple’s history of working with regulators and pushing compliance standards. Vet countered by pointing out that the XRPL already operates under neutral, shared governance. He explained that its structure is similar to Bitcoin and Ethereum, with hundreds of nodes ensuring that no single entity has control. For him, the claim that institutions risk being tied to “a competitor’s rails” misrepresents how the ledger actually works. The reaction suggests that this misunderstanding signals a lack of awareness within SWIFT’s leadership of how decentralized networks function. Bullish that the Chief Innovation Officer of SWIFT doesn't understand blockchain governance. The XRP Ledger governance is shared by hundreds of nodes. No different than BTC or ETH. No single entity controlling the XRPL, no bias or skew in favor towards any company. pic.twitter.com/H1HTLitl5B — Vet (@Vet_X0) September 2, 2025 The XRP Ledger Governance Model The XRPL is maintained by a distributed network of validators. These independent participants verify transactions, maintain consensus, and uphold the integrity of the system. Unlike centralized platforms, no single company or balance sheet determines the outcome of governance. Ripple, while heavily associated with XRP, does not control the ledger . The governance process ensures that no company can skew the rules in its favor, a point that Vet emphasized when defending XRP’s position. By comparing XRP Ledger governance to Bitcoin and Ethereum, Vet pointed out the legitimacy of its decentralized model. While many detractors have claimed that XRP is centralized, Ripple’s Chief Technology Officer (CTO), David Schwartz, and many other experts have corrected this misconception, with Schwartz explaining that the XRP ledger is more decentralized than proof-of-work blockchains like Bitcoin. For institutions considering the adoption of blockchain solutions, the ledger’s decentralized model is a reassurance that they are not entrusting operations to a single corporate entity, as Zschach suggests. Implications for SWIFT and Global Payments The exchange highlights a broader debate about the future of cross-border payments. Ripple has positioned XRP as a faster and more cost-effective alternative to traditional settlement systems . With institutions exploring digital assets, the question of governance becomes central to whether these networks can be trusted to handle global-scale transactions. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 SWIFT has long been the dominant intermediary for cross-border transfers, but now faces challenges in addressing new decentralized technologies. Vet’s response suggested that dismissing XRP’s governance model as company-driven overlooks its true decentralized structure . If decision-makers at SWIFT continue to misunderstand or downplay XRP’s potential role, it raises questions about their readiness to adapt in a rapidly changing financial landscape. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRPL Validator Schools SWIFT CIO After Mocking Ripple and XRP appeared first on Times Tabloid .
