Morgan Stanley classifies Ripple as a competitor to SWIFT

INFBusiness
26.09.2025
Markets

In a report, major US bank Morgan Stanley has identified Ripple as a potential challenger to the established international payment network SWIFT. Based on a paper published in the Review of Banking & Financial Law, Ripple is highlighted for its speedy processing and potential cost advantages in payments.
The bank points out that, unlike SWIFT, Ripple offers a blockchain-based solution that promises efficiency benefits, especially for cross-border transactions. According to the paper, Morgan Stanley stated that the introduction of a Ripple-like payment system could “shorten settlement times, accelerate transactions, and reduce the risk of fraud.” The US bank considers Ripple “a leading international payment alternative to SWIFT,” it continues.
Since its founding, Ripple has positioned itself as an infrastructure for international payments. Its core is the XRP Ledger (XRPL), developed for fast and cost-effective cross-border transactions. Financial institutions process payments via the RippleNet network in near real time, with XRP serving as a bridge currency.
SWIFT recently conducted its first cross-border testing of Ripple 's XRP Ledger and Hedera Hashgraph (HBAR). The goal is to gradually integrate blockchain into existing banking systems based on the ISO 20022 standard. Learn more here: SWIFT collaborates with Ripple and Hedera
The XRP price, on the other hand, has been performing sluggishly recently. Since its all-time high in July, the “banking coin” has fallen by 20 percent. Find out why the chart indicators continue to signal weakening momentum here: What's next for the Ripple coin?

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