Vet (@Vet_X0), validator on the XRP Ledger (XRPL), recently responded to a comment made on X by SWIFT Chief Information Officer Tom Zschach.
The exchange centered around the nature of XRP and its role in global payments, revealing a clear difference in how traditional financial leaders and blockchain experts perceive digital assets.
Zschach had stated that “calling a private token a ‘bridge currency’ is like using a fax machine and calling it the internet,” arguing that some digital assets imitate innovation without delivering genuine transformation. His remark was seen by many as a critique of blockchain-based solutions that claim to rival SWIFT’s global payments network.
However, Vet’s reply presented a factual counterpoint to that position. In his response, he corrected Zschach’s characterization of XRP by noting that it is “not a private token.” He clarified that XRP is traded openly across a wide range of centralized and decentralized exchanges and operates on the XRP Ledger, a “public and permissionless network.”
XRP is not a private token. It's publicly traded on many centralized and decentralized exchanges, including the XRP Ledger, a public and permissionless network.
No wonder SWIFT is being replaced with this lvl of research in 2025.
— Vet
(@Vet_X0) October 4, 2025
Revisiting the Definition of Openness
Vet’s remarks draw attention to a crucial distinction between public blockchains and the closed systems that have long dominated international payments. The XRP Ledger operates transparently, allowing anyone to access, verify, and transact without restriction.
This open model stands in contrast to SWIFT’s centralized structure, where message-based financial transactions depend on multiple intermediaries and slower settlement processes.
By emphasizing the public nature of XRP, Vet argued that its bridge function is real and operational. The XRP Ledger enables cross-border transactions to settle in seconds, removing the need for traditional correspondent banking chains. That capability demonstrates how blockchain can address inefficiencies that institutions like SWIFT have struggled to overcome for decades.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
An Outdated System Facing Change
Vet ended his post with a pointed remark: “No wonder SWIFT is being replaced with this [level] of research in 2025.” The comment reflected frustration at how a key executive in one of the world’s largest financial networks could misunderstand the fundamental properties of XRP.
For years, SWIFT has been at the center of global money transfers, processing vast volumes daily. However, it faces persistent criticism for its slow and costly procedures. Ripple’s technology, which leverages XRP for liquidity and instant settlement, offers a practical alternative that aligns with modern digital infrastructure.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.