The persistent speculation that the global financial messaging network SWIFT will integrate or support the Ripple-linked XRP token has been bluntly dismissed by the organization’s former top technology official.
Tom Zschach, who recently stepped down after serving six years as SWIFT’s Chief Innovation Officer, took to the social media platform X to refute claims that the network is planning to interoperate with the digital asset.
The rumor and the rejection
Earlier this week, several XRP influencer accounts started claiming that SWIFT intends to support established public tokens like XRP instead of developing its own proprietary digital currency.
One user alleged that SWIFT explicitly stated it “does not intend to compete with projects like XRP” and would instead “collaborate and support them.”
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Zschach, who was in charge of SWIFT’s digital asset strategy during his tenure, responded to the viral post with a two-word dismissal: “Not happening.”
Anti-XRP sentiment
The former SWIFT executive has been a vocal critic of the enterprise blockchain firm, frequently questioning its utility and decentralization.
He previously dismissed Ripple’s technology by comparing it to a “fax machine” in the modern era of the internet.
Furthermore, Zschach has argued that Ripple’s survival of its long-running SEC lawsuit does not constitute actual institutional resilience.
After a three-decade career in traditional finance, including senior roles at Bank of America, Barclays, and Lehman Brothers, Zschach left the establishment. He has joined a team of researchers from Oxford, Harvard, and Cambridge to build new infrastructure.
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