In a bold prediction, Ripple CEO Brad Garlinghouse has suggested that the company’s digital asset, XRP, could potentially account for 14% of the cross-border payment volume currently handled by SWIFT within the next five years. This statement has sparked discussions within the finance and cryptocurrency communities about the potential impact of Ripple’s technology on the traditional banking system.
Garlinghouse highlighted the distinction between SWIFT’s role in messaging and the actual transfer of funds by banks, emphasizing the importance of liquidity in cross-border payments. He believes that Ripple’s focus on providing efficient liquidity solutions through XRP could significantly disrupt the status quo in the global payments industry.
The prospect of XRP capturing a significant portion of SWIFT’s market share has raised eyebrows among industry experts, with some acknowledging the disruptive potential of Ripple’s technology. However, others have expressed skepticism about the feasibility of such a dramatic shift in the market dynamics, citing regulatory challenges and the entrenched position of traditional financial institutions.
Despite the skepticism, Ripple has been making strides in partnering with major banks and financial institutions to promote the adoption of XRP for cross-border transactions. The company’s innovative solutions, such as RippleNet and On-Demand Liquidity, have already gained traction in the industry, showcasing the potential of blockchain technology to revolutionize international payments.
If Ripple’s ambitious vision comes to fruition, it could have far-reaching implications for the global financial system. By offering faster, cheaper, and more transparent cross-border payments, XRP could challenge the dominance of traditional correspondent banking networks like SWIFT, paving the way for a more inclusive and efficient global economy.
As the competition between traditional financial institutions and fintech disruptors intensifies, the next few years will be crucial in determining the future landscape of the payments industry. Whether Ripple can deliver on its promise to capture a significant share of SWIFT’s volume remains to be seen, but one thing is certain – the rise of digital assets like XRP is reshaping the way we think about money and payments.
References:
1. “XRP Could Capture 14% of SWIFT’s Global Volume, Ripple CEO Says” – CoinDesk (https://www.coindesk.com/markets/2025/06/13/xrp-could-capture-14-of-swifts-global-volume-ripple-ceo-says)
2. “Ripple: XRP Cryptocurrency Could Account for 14% of SWIFT’s X-Border Payments Volume” – PYMNTS.com (https://www.pymnts.com/cryptocurrency/2025/ripple-xrp-cryptocurrency-could-account-14percent-swifts-cross-border-payments-volume/)
3. Additional insights and expert opinions from industry analysts and financial publications.
