The announcement of SWIFT collaborating with Consensys on a blockchain prototype led some digital asset holders, particularly those in the XRP community , to express concern about what this could mean for the future of XRP in global payments. The collaboration involves Ethereum technology, raising questions about whether SWIFT’s direction could diminish XRP’s role. Crypto proponent John Squire addressed these concerns directly, explaining that the development is not a threat to XRP but rather evidence of a broader shift in the financial system toward blockchain interoperability. His analysis provides context for why XRP holders do not need to worry about this announcement. SWIFT x Consensys News Some in the #XRPArmy panicked when SWIFT announced a blockchain prototype with Consensys (Ethereum). Here’s why $XRP holders don’t need to worry and why the fundamentals remain strong. THREAD #XRP pic.twitter.com/IkSD6JSncs — John Squire (@TheCryptoSquire) September 30, 2025 SWIFT’s Mission of Interoperability Squire pointed out that SWIFT has never intended to align exclusively with a single token . Its role has always been to connect multiple systems, including public and private blockchains as well as existing payment rails. The new prototype with Consensys should therefore be understood as an extension of SWIFT’s mission to enable interoperability rather than a pivot to Ethereum as a primary settlement asset. Ethereum’s Strengths and Limitations According to Squire, Ethereum remains a powerful platform for smart contracts and pilot projects, which makes it suitable for early prototypes. However, he highlighted Ethereum’s persistent limitations, such as high fees, congestion, and scalability issues. These drawbacks become more evident when attempting to scale to global payments, reinforcing why Ethereum is not optimized for the demands of international settlements. XRP’s Continued Relevance in Payments Squire emphasized that XRP’s strength lies in its utility for payment s. Transactions can be settled within seconds at negligible cost, a capability designed specifically for cross-border transfers. This purpose-built efficiency aligns directly with what SWIFT is exploring as it looks to move large sums across global markets using digital solutions. XRP’s liquidity and speed remain core advantages. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Market Reaction and Underlying Fundamentals Despite the concerns voiced online, Squire observed that XRP’s price has not been affected by the news. The market appears to understand that this is not a case of Ethereum competing against XRP, but rather a signal that traditional finance is beginning to integrate blockchain technology. That recognition underlines the fact that XRP’s fundamentals remain unchanged. Squire concluded that SWIFT’s prototype does not replace or diminish XRP’s relevance. Instead, it validates the broader transition toward a digital, interoperable, and global financial system. Within that future, XRP continues to stand out as one of the most proven solutions for efficient payments. The message from Squire was clear: holders should remain calm and focused, as the fundamentals supporting XRP remain strong. 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 Here’s Why XRP Holders Don’t Need to Panic about SWIFT appeared first on Times Tabloid .
