A prominent XRPL validator is pushing back against persistent rumors that SWIFT is using or will soon adopt XRP.
Hussein Zangana, known online as Vet, publicly urged the XRP community to stop spreading these claims. He argues they distract from real developments on the XRP Ledger.
“These narratives are unnecessary and hurt the community’s credibility,” Vet said in a social media post. He compared the SWIFT rumors to earlier unverified claims involving the Depository Trust and Clearing Corporation (DTCC).
Vet advised investors to block influencers who insist SWIFT is already using XRP or who state with certainty that integration will happen soon. Instead, he wants the community to focus on tangible progress.
Focus on Real XRPL Growth
Vet highlighted ongoing work across the ecosystem. He pointed to security upgrades, on-chain lending, stablecoins, foreign exchange capabilities, permissioned domains for compliant trading, and privacy improvements.
He also noted that Ripple and the XRPL ecosystem are focused on onboarding institutions and consumers. Building useful infrastructure, he argued, is far more valuable than relying on baseless speculation.
Some community members agreed. One user, CharuSan, responded that XRP’s long-term success does not depend on SWIFT. He pointed to Ripple’s existing network of financial institutions as a stronger foundation. He also mentioned upcoming features like AI agents on XRPL and lending protocols.
CharuSan added that XRP could eventually compete with traditional payment networks, not just work alongside them.
Former SWIFT Executive Rejects Claims
The discussion follows comments from Tom Zschach, former Chief Innovation Officer at SWIFT. On July 10, he publicly dismissed rumors that SWIFT planned to support XRP.
Responding to social media posts claiming SWIFT would adopt public digital assets like XRP, Zschach replied simply: “Not happening.”
The speculation had been fueled by posts citing an alleged SWIFT document. However, no official SWIFT document or announcement ever backed those claims.
Zschach’s response is consistent with his past skepticism. During his time at SWIFT, he questioned XRP’s utility and decentralization and criticized Ripple’s technology.
Despite recurring speculation whenever SWIFT announces blockchain or digital asset initiatives, neither SWIFT nor Ripple has announced any partnership involving XRP. In fact, Ripple executives have said the company is building an alternative to the SWIFT system.
