The growing role of ChainLink in Swift’s blockchain integration is to compare it with XRP’s longstanding ambitions in the same sector.
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Reports reveal that Swift already uses chain link technology to connect more than 11,000 banks to public and private blockchains.
The relationship between chain links and global finance
Supporters point out that ChainLink’s work currently spans major financial players such as DTCC, MasterCard, Central Banks and Top Asset Managers.
Collaboration with Swift is at the heart of this progress, enabling data and transaction flows across multiple blockchains.
When asked which blockchains carry these transactions, ChainLink Advocate’s Zack Rynes states that any of the hundreds available will serve that role, leaving the door open for XRP and XRP ledger (XRPL) to participate.
He pointed out that in fact, Swift and Chainlink have worked together to link 11,500 Swift-related lenders to both public and private blockchain networks.
If Swift works with @ChainLink to connect 11,500 Swift member banks to public/private blockchains, people claim $XRP will replace Swift
There is an example of this kind of disconnection between the story and reality $ link = institutional coin pic.twitter.com/nt0xxtlev9
– Zach Rynes | Clg (@chainlinkkgod) August 10, 2025
Some XRP supporters have been pushed back, and external criticism suggests that tokens are a sign that they are approaching a major breakthrough.
Rynes argued that his stance comes from the belief that ChainLink’s $14 billion market capitalization is too low compared to XRP’s $188 billion, particularly considering ChainLink’s institutional outcome.
Various views from Ripple Supporters
This argument was also portrayed by Dom Kwok, co-founder of Esha. He responded to a statement from influencer Ansem about what a chain link is “if it actually works.”
Kwok said he personally saw Ripple’s technology used in the Reporld case, but hasn’t seen ChainLink deployed the same way or actively build it on developers yet.
He noted that the time spent directly with the builder often reveals which technology works at scale.
ChainLink’s partnership with Swift dates back to 2016, but has been accelerating recently.
I have actually seen @Ripple’s technical work in real life.
I’ve never seen @ChainLink’s work in real life, nor have I met anyone building it with ChainLink.
I understand which technology works much better than influencers when I spend every day on the ground with the developers… https://t.co/0sibexpvpf
– dom | Easea (@dom_kwok) August 10, 2025
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Both announced proof of concept at the latest ChainLink SmartCon event, leveraging Cross-Chain Interoperability Protocol (CCIP) to interconnect legacy Swift messages with multiple blockchains.
In May 2023, the BNY Melon and BNP Paribas test successfully transferred tokenized assets between chains.
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