XRP Could Capture 14% of SWIFT’s Global Volume, Ri
XRP Could Capture 14% of SWIFT’s Global Volume, Ripple CEO Says
Ripple CEO Brad Garlinghouse has boldly projected that XRP could capture up to 14% of SWIFT’s global transaction volume, positioning it as a formidable alternative in the cross-border payments landscape. This assertion underscores Ripple’s ambition to modernize international finance by leveraging blockchain technology to address the inefficiencies inherent in traditional systems.
Currently, SWIFT processes approximately $5 trillion in daily transactions, totaling about $1.3 quadrillion annually. Garlinghouse envisions XRP handling a substantial portion of this volume, emphasizing the potential for significant disruption in the financial sector. He highlights XRP's advantages over SWIFT, including faster transaction speeds and lower costs, which could make it an attractive option for financial institutions
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