Anodos CEO Says SWIFT Will Never Use Ripple or XRP Ledger. Here’s why

Anodos Finance co-founder Panos Mekras recently made a firm statement about the relationship between SWIFT and Ripple.

Contrary to years of speculation suggesting that SWIFT might integrate Ripple, Mekras insists this will not happen. His post challenges long-held assumptions in the crypto community about Ripple’s role in traditional banking networks.

Mekras’ Position on SWIFT and Ripple

In his post, Mekras noted that SWIFT’s system is fundamentally incompatible with Ripple. He argued that the idea of SWIFT adopting Ripple is unrealistic. The post gained attention because it directly confronts the ongoing narrative that SWIFT is integrating XRP.

Mekras’ perspective signals to investors and industry observers that expectations of Ripple-SWIFT integration may be misplaced. Understanding this distinction is crucial for assessing Ripple’s strategy and its potential impact on the payment sector.

While XRP is a game-changer for cross-border payments, the most likely route to the top is to replace SWIFT. Mekras highlighted SWIFT’s “hate” for XRP in a response, suggesting that this was why it chose to work with Chainlink instead.

XRP Community Reactions

The community response included both agreement and skepticism. Some users supported Mekras’ argument, noting Ripple’s efforts to modernize cross-border payments and reduce reliance on SWIFT.

Others expressed surprise, as speculation about integration has persisted for years. As one commenter pointed out, Ripple plans to offer an alternative rather than integrating with SWIFT’s system.

While the reactions vary, they provide context for Mekras’ post. The conversation highlights how some investors and analysts still consider SWIFT a potential partner for Ripple, despite the evidence to the contrary. Mekras’s comments directly address this misperception.

Ripple’s Independent Strategy

Mekras’ statements align with Ripple’s broader approach to cross-border payments. Ripple has developed its own technology to process transactions faster and more efficiently than traditional banking networks. The company has worked with numerous financial institutions and central banks worldwide, focusing on its own blockchain solutions rather than relying on legacy systems.

Mekras clarified his point further, explaining that Ripple is deliberately targeting SWIFT’s monopoly and business model. He described SWIFT as an “outdated cartel,” and supporting or cooperating with it would contradict Ripple’s mission. This shows that Ripple’s efforts focus on challenging the status quo and creating a more modern and independent payment infrastructure.

Panos Mekras’ statements clarify a key point: Ripple will not work with SWIFT. His insistence that SWIFT remains an outdated cartel reinforces the argument that Ripple seeks to dismantle, rather than collaborate with, traditional banking infrastructure.

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