Software Dev Conducts Transfer Tests to Prove XRP Beats SWIFT Hands Down

Moving money across borders remains one of the most stubborn pain points in finance. Bank wires can be slow, costly, and riddled with hidden charges.

When Australian software developer Vincent Van Code decided to put both the traditional banking system and Ripple’s XRP Ledger to the test, he set out to highlight exactly how stark the difference can be for ordinary senders. The SWIFT Experience: Delays and Heavy Costs Van Code’s experiment involved sending funds from Australia to three recipients: one in the United States, another in Sweden, and the third in Germany.

The use of standard SWIFT transfers presented several challenges, including prolonged processing times, substantial transaction fees, and unfavorable foreign exchange implications. I have to send money to 3 people, one in USA, one in Sweden, and the other Germany, from Australia.

1. It will take 3 to 5 business days (at least) 2.

Each party SWIFT fee is quoted around AUD$25 to $50 3. Have to convert to both USD and EUR, and suffer very unfavourable Fx… — Vincent Van Code (@vincent_vancode) September 18, 2025 These obstacles mirror what many small businesses and individuals already face.

SWIFT payments often go through multiple intermediary banks, each taking a fee and adding markup to the exchange rate, which makes even small transfers surprisingly costly. Ripple’s Rapid Alternative To compare, Van Code sent the same payments using Ripple Payments, leveraging the XRP Ledger as the underlying settlement network.

Here, the difference was striking: the transfers cleared within seconds , and the total cost stayed under AUD $50. The XRP Ledger’s consensus mechanism closes ledgers roughly every three to five seconds, giving near-instant finality and fractional network fees—often measured in fractions of a cent.

Ripple’s enterprise solution eliminates the need for pre-funded accounts, reducing costs and capital needs for institutions. Why It Matters for Global Finance The implications of this side-by-side test are significant.

Faster settlement dramatically reduces currency-exchange risk and frees up working capital. Lower fees mean that even small transfers—whether for payroll, remittances, or supplier payments—become economically viable.

We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 For payment providers and corporate treasurers, adopting blockchain rails like the XRP Ledger could mean real savings and improved liquidity management. Scaling Beyond a Single Test Van Code notes that factors such as regulatory compliance, corridor liquidity, and integration with legacy banking systems still require careful planning before widespread adoption.

Yet his findings support what Ripple has long promoted: a system where institutional users send money without intermediaries and barely notice the blockchain working behind the scenes. A Glimpse of the Future Vincent Van Code’s practical demonstration underscores a growing reality—blockchain is no longer theoretical in cross-border payments.

With Ripple effectively “bootstrapping” the XRP Ledger for institutional use, his experiment provides a clear snapshot of how traditional finance could soon be eclipsed by faster, cheaper, and more transparent digital settlement networks . His conclusion is simple but powerful: once institutions experience the speed and efficiency of XRP-powered payments, the old way of moving money may quickly feel like ancient history.

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