SWIFT Features Ripple (XRP) and Stellar (XLM) As Banking Disruptors

Crypto researcher SMQKE has shared images from a SWIFT-branded presentation, featuring Ripple and Stellar during a discussion of replacing traditional correspondent banking.

Content of the Slides

The presentation begins by referencing the concept of “disruptive innovation,” attributed to the renowned Harvard Business School professor Clayton Christensen.

It highlights that technology acts as an enabler, but that a new business model is the key driver of meaningful change. Examples include industries disrupted by companies that do not own the assets traditionally associated with their sector.

The slides then address correspondent banking directly, stating that for any alternative to disrupt the model, it must achieve global reach across all countries and currencies, provide a viable Nostro/Vostro account alternative for settlement, gain regulatory support from authorities familiar with existing systems, justify implementation costs through measurable savings, and deliver superior service to customers.

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A separate slide outlines the high level of competition in cross-border payments through a network diagram. This includes both legacy providers and newer entrants.

Ripple and Stellar are displayed alongside other companies and platforms, such as PayPal, TransferWise, Western Union, Ria, MoneyGram, Xoom, CurrencyFair, WorldRemit, Bitcoin, Payoneer, and Align Commerce.

A vertical label on the slide reads “Correspondent Banking disintermediation,” suggesting that these competitors are part of a broader trend toward bypassing or streamlining traditional banking pathways.

Ripple and Stellar’s Placement

Ripple and Stellar are positioned within the graphic as players offering faster and more direct alternatives for cross-border settlement.

Their inclusion alongside both major remittance companies and digital payment providers indicates that the presentation views them as part of a competitive field that is already influencing the sector. However, the “not yet” assessment on full disruption shows that SWIFT considers the correspondent banking model still intact, even as competition grows.

Commentary from Denis Samkov

The slides shared by SMQKE reveal that SWIFT acknowledges Ripple and Stellar as part of a competitive environment affecting cross-border payments. While the organisation does not yet classify correspondent banking as disrupted, it recognises that alternative networks are creating genuine competitive pressure.

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