SWIFT’s launch of its blockchain-based shared ledger has sparked fresh debate in the XRP community. While the new infrastructure enables 24/7 coordination of tokenized deposits across banks, it still relies on traditional rails for final settlement — leaving a gap that many believe XRP was built to fill.
Avalon Ingram On Changing Customer Expectations
Avalon Ingram, SWIFT’s Digital Assets Business Lead for Asia Pacific, has repeatedly emphasized how customer demands are evolving. She noted that “customer expectations are changing, with cross-border payments increasingly expected to be 24/7 and real-time.”
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This shift is central to SWIFT’s strategy. The new ledger aims to meet these demands by acting as an orchestration layer — coordinating payment instructions across institutions without moving the actual funds on-chain. While this improves visibility and reduces some friction, the final settlement of value still often occurs on legacy systems, which can take hours or even days.
The Settlement Gap XRP Was Designed To Solve..
This is precisely where Ripple’s On-Demand Liquidity (ODL) using XRP shines. XRP enables near-instant final settlement as a neutral bridge asset, eliminating the need for pre-funded nostro/vostro accounts. Banks can source liquidity on-demand instead of tying up capital across borders.
Ingram’s comments on rising expectations for speed and availability align closely with Ripple’s long-standing pitch: traditional messaging systems (like SWIFT) handle communication well, but they don’t solve the liquidity and settlement challenges that slow down real value transfer.
Why This Fundamentally Matters For XRP Adoption
Many of the banks involved in SWIFT’s early pilots already have connections or partnerships with Ripple. This suggests a hybrid future where SWIFT’s orchestration layer works alongside specialized settlement solutions like the XRP Ledger.
Avalon Ingram’s focus on meeting modern customer demands for speed and accessibility doesn’t undermine XRP — it actually validates the problem XRP was created to solve. As institutions push for true 24/7, real-time movement of value, the need for efficient bridge assets and instant settlement becomes more critical.
In a nutshell, SWIFT is actively modernizing the messaging and coordination layer. XRP surely remains positioned as the efficient settlement layer that can complete the picture.
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