SWIFT Bridges TradFi and Distributed Ledger Technology With 17 Banks SWIFT Bridges TradFi and Distributed Ledger Technology With 17 Banks

XRP price has climbed about 1.6% after SWIFT announced a blockchain payments pilot involving 17 banks, including several with Ripple ties. According to SWIFT, the pilot will evaluate whether distributed ledger technology can support international payments across participating financial institutions.…

The post XRP Price as SWIFT Taps Ripple-Affiliated Banks For Tokenized Cross-Border Payments appeared on BitcoinEthereumNews.com. XRP price is up by 1.6% today, July 9, to trade at $1.09 at the time of writing. These gains come as SWIFT announces that it will be working with 17 banks, some of which are affiliated with Ripple, for a pilot phase for its blockchain-based ledger. SWIFT Partners With Banks For Tokenized Cross-Border Payments SWIFT has announced that it will be working with 17 banks to check whether its blockchain can be used to facilitate payments made between countries. Some of the banks named in this project, like Standard Chartered and UBS, use Ripple to custody crypto assets or to enable payments across countries using the XRP Ledger. This initiative comes after Ripple Treasury joined the SWIFT Certified Partner Program in April 2026. However, an analyst on X notes that Ripple’s partnership with SWIFT might not be bullish for the price of XRP because SWIFT will not use

The post SWIFT Tests Blockchain as XRP Ledger Gains Focus appeared on BitcoinEthereumNews.com. SWIFT tests blockchain ledger with 17 banks as XRP Ledger’s 14-year settlement record returns to market focus. SWIFT has announced a blockchain-based ledger for tokenized cross-border payments. Seventeen banks are preparing to test tokenized deposits through the pilot. The ledger was built in nine months and is now ready for bank testing. It aims to support 24/7 payments through SWIFT’s secure messaging network. The launch has drawn attention from XRP Ledger supporters and wider crypto market analysts. XRPL has been settling transactions since 2012, giving it a longer public operating record. The debate now centers on pilots, production systems, and institutional payment rails. Banks linked to Ripple activity are also listed among SWIFT’s pilot participants. SWIFT Brings Tokenized Deposits Into Testing SWIFT said its new ledger will support tokenized cross-border payments between banks.  The

The post US Dollar: Tariff passthrough keeps inflation pressure alive – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu reports that the New York Fed’s latest Liberty Street Economics analysis warns many United States (US) firms still plan tariff-related price increases, implying persistent inflation pressures that matter for the US Dollar (USD) and Federal Reserve (Fed) policy. Nearly half of tariff-paying companies expect further hikes, with gradual pricing and fixed contracts extending adjustment and complicating disinflation. Tariffs extend U.S. inflation timeline “The New York Fed said in its July 8 Liberty Street Economics post that more tariff passthrough still lies ahead for many U.S. firms. Drawing on regional business surveys, the institution reported that nearly half of firms that pay tariffs directly are still planning further price increases, with some expecting to raise prices six months or more from now.” “It said roughly 47% of service firms and 44% of manufactu

SWIFT tests blockchain ledger with 17 banks as XRP Ledger’s 14-year settlement record returns to market focus. SWIFT has announced a blockchain-based ledger for tokenized cross-border payments. Seventeen banks are preparing to test tokenized deposits through the pilot. The ledger was built in nine months and is now ready for bank testing. It aims to […] The post SWIFT Tests Blockchain Ledger as XRP Ledger Claims 14 Years of Live Proof Now appeared first on Live Bitcoin News.

The post Singapore Dollar: Upside risks building as USD stays firm – DBS appeared on BitcoinEthereumNews.com. DBS Group Research economist Eugene Leow warns that shorter-term Singapore Dollar (SGD) rates may face upside pressure despite recent flush liquidity. He notes SGD rates have decoupled from USD rates, with spreads stretched, while Fed hike expectations remain sticky and the USD strong. Leow highlights USD/SGD near 1.30 and Monetary Authority of Singapore (MAS) policy decisions as key factors for SGD rate repricing. Shorter-term SGD rates face upside risks “We continue to be wary about upside to shorter term SGD rates. Over the course of the past six quarters, market participants have gotten used to very flush SGD liquidity and persistent belief in USD weakness keeping frontend SGD rates low.” “In some ways, SGD rates appear decoupled from USD rates and the spread between the two has become even more stretched. There are some hints that risks to SGD rates may be biased to the up

The post Swift Readies Ledger for 24/7 Token Transfers—Though True Settlement Is Stuck on Old Rails appeared on BitcoinEthereumNews.com. In brief Swift’s pilot allows 17 global banks to transfer tokenized deposits on weekends, but ultimate settlement still relies on legacy, business-hour systems. Participating institutions include major Global Systemically Important Banks such as Citi, HSBC, BNY, and Wells Fargo. Though built with Ethereum-compatible architecture, the blockchain-based ledger remains a largely centralized network. Swift, the financial gatekeeper connecting thousands of banks across the globe, said on Thursday that a dozen-plus institutions are preparing to use its “blockchain-based ledger.” The member-owned cooperative, which has functioned as the traditional financial system’s backbone for decades, expects 17 banks across six continents to participate in a pilot program involving the exchange of tokens that represent deposits, according to an announcement. Highlighting

Swift’s pilot allows 17 global banks to transfer tokenized deposits on weekends, but ultimate settlement still relies on legacy systems.