A new development from SWIFT has caught the attention of the XRP community after the global payments network revealed plans to integrate blockchain technology into its infrastructure through Linea, in collaboration with ConsenSys, the Ethereum-focused software company.
Crypto investor and analyst Mason Versluis shared his reaction in a video posted, describing the update as “bad news for XRP holders.” Versluis emphasized that while he remains bullish on XRP, the news marks a setback for those who believed SWIFT would align with Ripple.
Bad $XRP News?!
SWIFT has clearly chosen Ethereum.
Not Ripple, and not XRP!
I am NOT selling because of this, I don’t care!
Explained
pic.twitter.com/g59jqF5vkT
— MASON VERSLUIS (@MasonVersluis) October 8, 2025
SWIFT Partners with Ethereum’s ConsenSys
According to SWIFT, the organization is developing a shared digital ledger with more than 30 financial institutions worldwide. The initiative aims to enable real-time, around-the-clock cross-border payments by integrating blockchain-based ledgers into SWIFT’s infrastructure stack.
The surprising element for XRP supporters is the company SWIFT chose to collaborate with. Versluis noted that ConsenSys, founded by Ethereum co‑creator Joseph Lubin, “focuses on Ethereum,” showing SWIFT’s preference for that ecosystem.
This move appears to dismiss two major beliefs within the XRP community: that SWIFT would either be replaced by XRP or directly adopt Ripple’s products. “Today is the day that we get confirmation that they’re actually just going with ConsenSys,” Versluis said, making clear that the global network has opted for Ethereum‑based solutions instead.
Questions Over Ethereum’s Efficiency
While analyzing the decision, Versluis questioned the practicality of using Ethereum for cross‑border settlements, given its transaction fees and speed limitations. “Why would they use Ethereum, where you can pay $20 per fee?” he asked, contrasting it with XRP’s faster and cheaper payment capabilities.
However, he acknowledged that recent advances, such as layer‑2 scaling solutions and atomic swaps, are improving Ethereum’s efficiency and may have influenced SWIFT’s decision.
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Versluis also pointed out that SWIFT’s statement referenced earlier pilot programs involving various blockchain platforms. He suggested that Ripple or Chainlink could have been among those tested, but the final selection of ConsenSys shows where SWIFT intends to concentrate its current efforts.
XRP Community Remains Firm
Despite describing the update as disappointing, Versluis said he has no plans to sell his holdings. He reiterated confidence in Ripple’s progress, stating that “Ripple will continue to build as they have been, and XRP will continue to build as they have been.”
His closing remarks signaled determination rather than panic, reflecting the stance of investors who view XRP’s utility and partnerships as long‑term strengths independent of SWIFT’s direction. Although SWIFT favors Ethereum, XRP supporters remain confident that Ripple’s ecosystem will continue advancing XRP’s role in cross‑border finance.