XRP Ledger, Pushing Out SWIFT is a Matter of Time... "The Powerful Group at the Bank for International Settlements is Backing It"

▲ XRP, SWIFT, Traditional Finance, International Payments/ChatGPT Generated Image

An analysis suggesting that structural changes within the global financial system could trigger a dramatic price re-evaluation of XRP is drawing significant attention from investors.

According to crypto media outlet NewsBTC on May 20 (local time), crypto analyst Pumpius diagnosed that the alignment pattern of institutions combining Ripple technology, central banks, and emerging virtual asset infrastructure could lay the groundwork for a historical price discovery phase. Pumpius's hypothesis stems from recent personnel movements within the Bank for International Settlements (BIS). On May 12, several key leadership positions at the BIS were assigned to central bank governors from Italy, Brazil, Australia, and Japan. These appointments included Fabio Panetta of the Bank of Italy, Gabriel Galípolo of the Central Bank of Brazil, Michele Bullock of the Reserve Bank of Australia, and Kazuo Ueda of the Bank of Japan.

Pumpius noted not only the new roles of the appointed governors but also that their respective regions already intersect with Ripple's technology. For instance, Italian financial giant Intesa Sanpaolo has adopted Ripple's custody infrastructure, and Brazilian financial institutions have been exploring Ripple-based payment services in line with advancements in their digital asset licensing framework. Japan has maintained a long-standing close relationship through the partnership between SBI Holdings and Ripple, supporting payment pilots and contributing to the classification of XRP as a financial asset within the Japanese market. Australia is also linked through digital asset research programs like Project Acacia, and Ripple continues to pursue licensing in various jurisdictions. Pumpius pointed to BIS-led cross-border interoperability initiatives, including both SWIFT (Society for Worldwide Interbank Financial Telecommunication) and Ripple, as well as experiments such as Project Nexus and mBridge, a multi-CBDC initiative, as key drivers.

Beyond institutional positioning, next-generation adoption is expected to be driven by new technological layers forming around the XRP Ledger. Notably, Ripple's development of zero-knowledge proof (ZKP) capabilities, designed to support tokenization and privacy-centric financial infrastructure, is considered a major achievement. DNA Protocol, an emerging project within this ecosystem, has conducted ZKP transactions on the XRP Ledger. This initiative aims to secure sensitive biological or genomic data on a blockchain network, with the potential to create a regulatory compliance and identity verification layer for financial systems. Pumpius suggested that through virtual asset infrastructure, institutions can verify identity and regulatory requirements without exposing personal data, effectively linking payments, digital identity, and regulatory compliance within a single blockchain framework.

Japanese commentator Kanzaki Yuto lent weight to this narrative by mentioning that a close associate recently took on a very influential position at the Bank for International Settlements. Pumpius outlined a series of patterns: Ripple building bank partnerships, central banks initiating technology tests, and global financial institutions beginning to involve blockchain companies in policy discussions. If these trends lead to actual cross-border payment flows on the XRP Ledger infrastructure, XRP could become the liquidity layer connecting financial institutions, triggering the predicted price discovery.

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