The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CryptoMediumUpdated×2•Originally published 13 April 2026•Updated 14 April 2026•

1 min read

Japanese Banks Confirm XRP Outperforms SWIFT in Cost and Speed for Cross-Border Payments

Key Facts

1Data from major Japanese banks revealed that XRP is significantly cheaper than the SWIFT system for cross-border payments.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Updated the story to include State Street's ISO 20022 overhaul and tokenization expansion, linking TradFi to public blockchains.

Version 1about 2 months ago

What changed: Quantified the cost efficiency at 60% and specified that the data originated from a live cross-border pilot program.

Recent data from Japanese financial institutions shows that XRP outperforms the SWIFT network, delivering a 60% cost reduction when used as a bridge asset. In a parallel shift, State Street, one of the world's largest custodians, has announced an ISO 20022 overhaul and the expansion of its proprietary tokenization platform. This move signifies a strategic effort to wire traditional finance (TradFi) into public blockchain networks for enhanced liquidity and speed. These developments, ranging from live Japanese pilots to global infrastructure upgrades, highlight the accelerating institutional shift toward digital settlement assets. Analysts suggest that the adoption of ISO 20022 standards by major custodians will likely facilitate deeper integration of Ripple’s technology within global banking. This convergence of legacy systems and blockchain marks a pivotal moment for the evolution of cross-border payment ecosystems.