Home / Business and Economy / Ripple Shakeup and SWIFT's Blockchain Shift Threaten XRP's Future
Ripple Shakeup and SWIFT's Blockchain Shift Threaten XRP's Future
11 Nov
Summary
- Ripple's CTO David Schwartz to step down by year-end
- SWIFT, the dominant global payment network, adopting blockchain
- Uncertainty around XRP's role as Ripple shifts focus
In a significant development for the cryptocurrency world, Ripple's Chief Technology Officer, David Schwartz, announced last month that he will be stepping down from his day-to-day duties with the company by the end of 2025. Schwartz, who has been involved with XRP for over a decade and was one of the architects of the XRP Ledger, will transition to a board of directors role and serve as CTO emeritus.
This departure comes as Ripple faces other challenges. The dominant global payment messaging cooperative, SWIFT, which is used by 11,500 banks and institutions in over 220 countries, has recently begun adopting blockchain technology. This move by SWIFT, which Ripple CEO Brad Garlinghouse had previously predicted would lose 14% of its market share to XRP by 2030, could pose a significant threat to the cryptocurrency's growth.
With Schwartz's exit and SWIFT's blockchain integration, the future of XRP remains uncertain. Ripple's shifting focus may diminish the token's role, making it difficult for XRP to regain the highs it reached in the summer of 2025. As the cryptocurrency landscape continues to evolve, the coming years will be crucial in determining XRP's place in the financial ecosystem.
