SWIFT is developing a blockchain-based ledger to enhance cross-border payment systems, focusing on real-time settlements and increased transparency for financial institutions. This initiative aims to reduce delays and costs associated with traditional payment methods. Although it is unclear if XRP Ledger or Ripple technology will be utilized, the project aligns with blockchain's promise of fast, low-cost transactions. By potentially reducing reliance on intermediaries, SWIFT's blockchain ledger could lower costs for both banks and consumers.