The post Are banks ready for XRP? SWIFT exec voices apprehensions appeared on BitcoinEthereumNews.com. SWIFT’s Chief Innovation Officer, Tom Zschach, has raised doubts about whether Ripple’s technology and the XRP token can meet the standards global banks demand for cross-border settlement. His remarks, posted on LinkedIn, sparked renewed debate within the XRP community, which has long positioned Ripple as a challenger to SWIFT’s dominance. Zschach said some observers view XRP as a natural bridge for payments, but he questioned whether banks will ever be comfortable outsourcing settlement finality to an external token. According to him: “The harder question is whether banks will ever be comfortable outsourcing settlement finality to a token that isn’t a deposit, isn’t regulated money and doesn’t sit on their balance sheet. Liquidity is one thing; legal enforceability is another.” He added that if tokenized deposits and regulated stablecoins achieve scale, banks may see little reason to pay a “toll” to an external asset like XRP when they can settle in instruments they already issue and trust. Public blockchains In a separate post, Zschach expanded on the broader role of blockchains in finance. He argued that the debate over decentralization often distracts from the real issue of whether a system aligns with institutional risk management. The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. He wrote: “Neutrality in finance isn’t about how many nodes you run, it’s about whether the network privileges one participant over another.” Zschach compared open blockchains to a “fast engine with no cockpit,” noting that they remain incomplete for institutional use without legal frameworks, privacy safeguards, and regulatory oversight. For Zschach, the missing “trust layer” explains why banks continue to rely on SWIFT. The cooperative does not issue its assets, compete with its members, or tilt… The post Are banks ready for XRP? SWIFT exec voices apprehensions appeared on BitcoinEthereumNews.com. SWIFT’s Chief Innovation Officer, Tom Zschach, has raised doubts about whether Ripple’s technology and the XRP token can meet the standards global banks demand for cross-border settlement. His remarks, posted on LinkedIn, sparked renewed debate within the XRP community, which has long positioned Ripple as a challenger to SWIFT’s dominance. Zschach said some observers view XRP as a natural bridge for payments, but he questioned whether banks will ever be comfortable outsourcing settlement finality to an external token. According to him: “The harder question is whether banks will ever be comfortable outsourcing settlement finality to a token that isn’t a deposit, isn’t regulated money and doesn’t sit on their balance sheet. Liquidity is one thing; legal enforceability is another.” He added that if tokenized deposits and regulated stablecoins achieve scale, banks may see little reason to pay a “toll” to an external asset like XRP when they can settle in instruments they already issue and trust. Public blockchains In a separate post, Zschach expanded on the broader role of blockchains in finance. He argued that the debate over decentralization often distracts from the real issue of whether a system aligns with institutional risk management. The Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha Nice 😎 Your first lesson is on the way. Please add [email protected] to your email whitelist. He wrote: “Neutrality in finance isn’t about how many nodes you run, it’s about whether the network privileges one participant over another.” Zschach compared open blockchains to a “fast engine with no cockpit,” noting that they remain incomplete for institutional use without legal frameworks, privacy safeguards, and regulatory oversight. For Zschach, the missing “trust layer” explains why banks continue to rely on SWIFT. The cooperative does not issue its assets, compete with its members, or tilt…