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A new vision for cross-border payments is taking shape as existing systems begin to align with emerging technologies.
Renowned researcher SMQKE (@SMQKEDQG) published a SWIFT system document emphasizing the importance of this transformation. The document provides a visual analysis of the global payments landscape, where multiple service providers compete across various levels.
Within this framework, both Ripple and Stellar appear alongside traditional financial institutions. SMQKE highlighted how this document positions these blockchain-based solutions within the evolving payments ecosystem. This positioning is highly significant, demonstrating how modern technologies are becoming closer to the core infrastructure relied upon by banks.
Another official SWIFT document shows the future role of Ripple and Stellar within the SWIFT network. ๐