The End of SWIFT? XRP Set to Dominate Global Payments!

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In an audacious claim that could make even the most steadfast bankers sweat, Ripple‘s CEO boldly predicts that XRP will grab a stunning 14% of SWIFT’s cross-border payments market in just five years. A revolution in liquidity is coming, and it’s set to eclipse the outdated, clunky messaging systems that have long ruled global finance.

XRP on Track to Seize 14% of SWIFT’s Market by 2030, Says Ripple’s CEO

Ripple CEO Brad Garlinghouse, ever the visionary, took to the stage at the XRP APEX 2025 event in Singapore last week. There, he confidently declared that the shifting currents of global liquidity would make XRP the dominant player in cross-border payments. It seems that legacy systems—poor old SWIFT included—might soon be left in the dust.

Garlinghouse highlighted a simple yet profound point: in today’s fast-paced financial landscape, it’s liquidity, not messaging infrastructure, that holds the true power. And what does liquidity want? XRP, naturally. He didn’t mince words:

I’ll say five years, 14%.

And why not? SWIFT, a relic of the old guard, was never meant to move money directly—it just sends messages. Those messages, often riddled with errors, rely on a cumbersome process involving multiple intermediaries. It’s slow, expensive, and prone to mishaps. A typo in an account number or an incorrect SWIFT code, and boom—your money might as well have disappeared into the Bermuda Triangle.

Ripple didn’t shy away from pointing out these failings in a recent blog post, noting that the infrastructure of SWIFT is not just outdated, but actively misaligned with the needs of modern commerce. Ripple pointed out the reality: cross-border payments still largely depend on clunky, manual processes. Just one tiny mistake can ruin an entire transaction.

Most cross-border payments still rely on manual processes. A typo in an account number, an incorrect SWIFT code or incomplete payment instructions can all cause a transaction to fail.

In contrast, Ripple’s solution? A blockchain-powered payments system that promises real-time, transparent, and far more efficient settlements, all with lower costs. With XRP and the Ripple USD (RLUSD) stablecoin leading the charge, Ripple has already set its sights on over 90% of the world’s FX markets. So, goodbye SWIFT—and good riddance to those pesky operational risks!

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2025-06-16 02:59