2024

An official change request listed on the ISO 20022 website has been approved, and it may significantly alter the future of digital value transfer. Submitted by The Mojaloop Foundation for Payments and Clearing Settlement.
This request was approved in late 2024 and proposes an implementation that references Ripple’s Interledger Protocol (ILP), a technology designed to enable seamless, cross-network payments. This approval could significantly benefit XRP in the coming months.
This development surfaced through a <a href="https://x.com/SMQKEDQG/status/1930197297805005243?t=24I63yFWOj-OOveR09JmsQ&amp;s=19" rel="noopener noreferrer nofollow">post</a> on X by crypto researcher SMQKE (@SMQKEDQG), who published a short video highlighting the approved ISO change request. In a follow-up, he <a href="https://x.com/SMQKEDQG/status/1930200302524711298" rel="noopener noreferrer nofollow">shared</a> several images pointing to Ripple’s ILP as a key component for value transfer across otherwise incompatible networks.
Notably, the documentation proves that the Interledger Protocol is not a theoretical framework, but <a href="https://timestabloid.com/bank-of-england-boe-explores-ripple-interledger-protocol-for-payment-settlement/" rel="noopener noreferrer nofollow">is already functioning</a> and integrated with Ripple’s existing infrastructure.
<h2 class="ai-optimize-11" id="strong-a-confirmed-connection-between-ilp-xrp-and-swift-strong">A Confirmed Connection Between ILP, XRP, and SWIFT</h2>
The documentation attached to SMQKE’s post reinforces a crucial technical point: Ripple’s Interledger Protocol utilizes XRP in the process of value movement. This integration offers significant potential to modernize global remittance and settlement systems while embedding XRP into the architecture.
This functionality becomes especially relevant in the universal mode of ILP, where transactions can occur between untrusted connectors, bypassing the need for notaries by <a href="https://timestabloid.com/new-mastercard-document-acknowledges-xrp-as-a-bridge-currency/" rel="noopener noreferrer nofollow">using XRP as a bridging asset</a>.
Another excerpt specifies that the ILP system relies on the XRP Ledger (XRPL) for final settlement. The diagram outlines the payment flow, showing how connectors facilitate interim exchanges. All claims are ultimately recorded and redeemed on the XRPL.
SMQKE also attached a document from SBI Group, a <a href="https://timestabloid.com/sbi-chairman-doubles-down-on-ripple-and-xrp-support/" rel="noopener noreferrer nofollow">long-time Ripple partner</a>, which acknowledges Ripple’s hybrid technology that combines ILP and XRP Ledger. The slide explains that XRP can be used as a bridge currency in international transfers, eliminating the need for multiple local currencies while enhancing interoperability.
<blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/15.1.0/72x72/203c.png" alt="‼" style="height: 1em; max-height: 1em;">YES — RIPPLE’S INTERLEDGER PROTOCOL USES XRP TO MOVE VALUE ACROSS NETWORKS <img src="https://s.w.org/images/core/emoji/15.1.0/72x72/203c.png" alt="‼" style="height: 1em; max-height: 1em;">
 Documented 4x.<img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4dd.png" alt="📝" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.1.0/72x72/1f4a8.png" alt="💨" style="height: 1em; max-height: 1em;"> <a href="https://t.co/shLyD5rR2L" rel="noopener noreferrer nofollow">https://t.co/shLyD5rR2L</a> <a href="https://t.co/RJx3di7v63" rel="noopener noreferrer nofollow">pic.twitter.com/RJx3di7v63</a>
 — SMQKE (@SMQKEDQG) <a href="https://twitter.com/SMQKEDQG/status/1930200302524711298?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 4, 2025</a>
</blockquote>

<h2 class="ai-optimize-16" id="strong-swift-network-compatibility-marks-a-turning-point-strong">SWIFT Network Compatibility Marks a Turning Point</h2>
The significance of ISO 20022’s approval lies in the standard’s role as a global foundation for financial messaging, particularly within systems like SWIFT. With Ripple’s ILP now officially linked to a change request involving the ISO 20022 standard, it positions Ripple’s infrastructure as interoperable with the widely used messaging standard.
This approval is even more notable because SWIFT has confirmed <a href="https://timestabloid.com/swift-directly-makes-this-major-confirmation-heres-what-it-means-for-xrp/" rel="noopener noreferrer nofollow">full migration to the ISO 20022 standard</a> by November. Ripple’s payment system is ISO 20022 compliant, and this integration of ILP into the system gives way for potential XRP adoption in SWIFT’s ecosystem.
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.
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The post <a href="https://timestabloid.com/swift-quietly-approves-ripples-interledger-protocol-heres-why-this-is-good-for-xrp/" rel="noopener noreferrer nofollow">SWIFT Quietly Initiates This Ripple Approval. Here’s Why This is Good for XRP</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

SWIFT Quietly Initiates This Ripple Approval. Here’s Why This is Good for XRP

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