Ripple CEO Responds to SWIFT Banking Announcement, XRP Army Reacts - Times Tabloid

Ripple CEO Brad Garlinghouse criticizes SWIFT's new blockchain prototype announcement, calling it a marketing strategy rather than meaningful innovation in cross-border payments technology.

Garlinghouse dismissed SWIFT's blockchain-based shared ledger prototype as publicity tactics ahead of their Sibos conference. He emphasized that while SWIFT is still developing prototypes, Ripple has already built and deployed functional digital asset infrastructure over 13 years. The CEO highlighted Ripple's expansion beyond payments into custody services, stablecoins like RLUSD, and XRP Ledger development through strategic acquisitions.

• Ripple has established real-world blockchain solutions while SWIFT remains in prototype phase
• Garlinghouse views SWIFT's announcement as marketing rather than substantial product development
• Ripple's comprehensive digital finance infrastructure includes payments, custody, and stablecoin services
• The XRP community supports Garlinghouse's stance, seeing it as validation of Ripple's early blockchain strategy