Bank of America readies cross-border real-time payments service with SWIFT

Bank of America preps cross‑border real‑time payments with SWIFT. Analysts flag a Ripple–SWIFT hybrid that could route XRP liquidity.

Bank of America is preparing a new cross‑border real‑time payments service that uses SWIFT connectivity, signaling a push to speed up international settlements Electronic Payments International.

On X, analyst SMQKE says banks aren’t replacing legacy rails. They add RippleNet alongside SWIFT in a dual model SMQKE on X.

RippleNet plugs into existing bank systems. That setup, SMQKE argues, lets banks keep global reach via SWIFT while tapping XRP for on‑demand liquidity SMQKE on X.

News coverage ties BoA’s move to a broader shift toward hybrid rails. The new service could reinforce an operational path for XRP within BoA’s payments stack, per the same sources Electronic Payments International.

Separately, analyst CharuSan highlights the XRP Ledger’s tokenization design. Issued assets are native at the protocol layer, removing the need for custom smart contracts, a common attack vector CharuSan on X.

They note issuer controls for KYC/AML. Access restrictions and account freezes are enforced on‑chain when required, aligning with institutional compliance needs CharuSan on X.

By contrast, tokenization on ETH typically relies on external contracts like ERC‑20, expanding the attack surface, CharuSan says CharuSan on X.