"Ripple now runs more than 300 financial institutions on the same ISO 20022 messaging standard SWIFT is adopting, letting it compete for bank settlement directly, though most of those banks still use its rails without touching XRP.  SWIFT is building a blockchain settlement ledger with more than 30 banks across 16 countries, going live with real transactions in 2026, putting messaging and settlement on one layer for the first time in its roughly 50-year history."