SWIFT has chosen Linea, an Ethereum Layer-2 developed by ConsenSys, for its 2025 cross-border payments pilot, leaving XRP out of the initiative. This decision comes as a surprise to many, given XRP's expected role in institutional banking next year. Over 30 major financial institutions, including JPMorgan, HSBC, and BNP Paribas, will participate in the pilot, highlighting Ethereum's scaling technology as a strong contender.¹ ² ³
Linea's speed, efficiency, and active development ecosystem drew institutional confidence, signaling that banks prefer flexible, modular blockchain solutions over closed systems. This pilot could position Ethereum-based infrastructure at the core of international payments, marking a significant shift in blockchain integration in global finance.⁴
The decision raises questions for XRP supporters, indicating that banks may prioritize Ethereum's scaling technology over XRP's existing infrastructure. Linea's focus on transaction confidentiality and regulatory compliance also aligns with banks' data protection imperatives.⁵
This move is a significant win for Ethereum, demonstrating its Layer-2 solutions' traction in traditional banking. The pilot's success could lead to Ethereum-based infrastructure becoming a standard for international payments, further solidifying its position in the crypto space.
$XRP
#ProjectCrypto $XRP #BTCRebound90kNext? #WriteToEarnUpgrade #CryptoIn401k #WriteToEarnUpgrade
Linea's speed, efficiency, and active development ecosystem drew institutional confidence, signaling that banks prefer flexible, modular blockchain solutions over closed systems. This pilot could position Ethereum-based infrastructure at the core of international payments, marking a significant shift in blockchain integration in global finance.⁴
The decision raises questions for XRP supporters, indicating that banks may prioritize Ethereum's scaling technology over XRP's existing infrastructure. Linea's focus on transaction confidentiality and regulatory compliance also aligns with banks' data protection imperatives.⁵
This move is a significant win for Ethereum, demonstrating its Layer-2 solutions' traction in traditional banking. The pilot's success could lead to Ethereum-based infrastructure becoming a standard for international payments, further solidifying its position in the crypto space.
$XRP
#ProjectCrypto $XRP #BTCRebound90kNext? #WriteToEarnUpgrade #CryptoIn401k #WriteToEarnUpgrade