Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
A viral headline is making waves across crypto communities, claiming SWIFT has officially approved Ripple and XRP for all cross-border payments, touting a staggering $650 trillion to flow through the XRP Ledger (XRPL) and a massive token burn in the next 72 hours.
These explosive claims are spreading fast across social media and crypto forums. But how much of it is true?
In this fact-check, Coinpedia investigates the origin of the rumor, verifies the official statements from SWIFT and Ripple, and separates hype from reality.
The main claim appeared in a CryptoGeek headline stating: “SWIFT AGREEMENT WITH RIPPLE TO USE XRP FOR CROSS BORDER PAYMENTS HAS BEEN APPROVED!!”
Even a Binance user posted the same, stating that billions of XRP will be blocked in escrow to boost global liquidity.
Other posts go further, saying the XRPL is about to see $650 trillion added, and that a major XRP token burn will happen within three days to drive up the price even more.
There is no official confirmation from the SWIFT or Ripple team that an agreement has been finalized or “approved” for SWIFT to use XRP in all its cross-border payments.
Meanwhile, official SWIFT communications and current crypto news show that they are exploring possible ways to integrate Ripple’s technology and XRP as a liquidity bridge, but nothing has been formally launched or approved yet.
In 2025, Ripple’s CEO, Brad Garlinghouse, predicted that XRP could handle up to 14% of SWIFT’s transaction volume within five years, based on growing interest from banks.
SWIFT continues to focus on updating its systems (such as with ISO 20022) and has not made any announcement about switching all payment rails to XRP.
This number is way too high. SWIFT moves a huge amount of money every year, but there’s no proof that all of it will suddenly use XRP or the XRP Ledger. Some banks and payment companies do use XRP, mainly for sending money abroad in developing countries, but not on the big scale people are claiming.
There is no official or reliable information about a massive XRP token burn scheduled in the next 72 hours. XRP’s token supply and burns are strictly controlled by its creators and have not seen such announcements.
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