XRP News Today: Morgan Stanley Sees XRP as Game-Changer in Global Payments Race

Morgan Stanley, one of the world's leading financial institutions, has acknowledged Ripple’s potential as a leading international payment alternative to SWIFT, according to a published analysis shared by crypto researcher SMQKE. The referenced document, excerpted from the Review of Banking & Financial Law, Volume 36, highlights Ripple’s advantages in reducing processing costs for banks and remittance providers by up to 60% on certain transactions. This cost efficiency is a direct benefit to remittance recipients, as it increases the amount of funds available after fees are applied.

Ripple’s distributed ledger technology is positioned as a viable alternative to SWIFT’s long-standing interbank transaction system. According to the analysis, adopting a Ripple-like system could reduce settlement periods, accelerate transaction speeds, and lower the risk of fraud. The document explicitly states that Morgan Stanley views Ripple as a credible and leading international payment solution that could reshape the global financial landscape.

The implications of this recognition from a global financial institution like Morgan Stanley are significant. It underscores the increasing legitimacy of blockchain technology in the traditional banking sector and elevates Ripple’s role in the international payments ecosystem. The adoption of Ripple’s solutions relies heavily on XRP, which functions as a bridge currency to facilitate cross-border settlements. If Ripple continues to gain traction as a viable alternative to SWIFT, XRP will play a central role in supporting the infrastructure and enhancing liquidity for the system.

This perspective aligns with broader trends in the fintech and crypto sectors, where blockchain-based solutions are being explored to modernize traditional payment systems. Ripple’s technology offers a direct contrast to SWIFT’s messaging-based model, which has long been criticized for its slow processing times, high costs, and limited transparency. Ripple’s decentralized approach, with near-instant transaction settlement and public ledger visibility, presents a compelling alternative, especially in regions where traditional banking infrastructure is less developed.

However, SWIFT maintains a strong position due to its entrenched network of over 11,000 institutions and its role as the backbone of international banking. While SWIFT is exploring integrations with blockchain technology and aiming to align with ISO 20022 standards, it remains skeptical of fully decentralized alternatives like XRP. SWIFT’s Chief Innovation Officer, Tom Zschach, recently criticized Ripple, calling it a “dead chain walking” and emphasizing the importance of neutral governance and shared standards in the financial industry.

Despite these challenges, Ripple has continued to expand its ecosystem. The company has partnered with major financial institutions, launched its own stablecoin (RLUSD), and is pursuing a U.S. national bank charter to enhance its credibility and regulatory compliance. These moves reflect Ripple’s strategic push to bridge the gap between blockchain innovation and traditional banking systems. The company’s acquisition of Rail, a stablecoin payment platform, further signals its intent to offer end-to-end payment solutions that combine crypto-native and fiat-linked services.

While the future of cross-border payments is likely to involve a hybrid approach—where SWIFT and blockchain-based systems coexist and even interoperate—the current competition between Ripple and SWIFT highlights the evolving landscape of global finance. As institutions and regulators continue to evaluate the potential of blockchain technology, the role of Ripple and XRP in the international payments ecosystem remains a topic of significant interest and analysis.

Source:

[1] Morgan Stanley: Ripple (XRP) Is a Leading International Payment Alternative to SWIFT (https://timestabloid.com/morgan-stanley-ripple-xrp-is-leading-international-payment-alternative-to-swift/)

[2] Ripple vs. SWIFT: The Battle for Cross-Border Payments— (https://www.ccn.com/education/crypto/ripple-vs-swift-blockchain-banking-behemoth/)

[3] Now That XRP is Dead, What's Next? Swift Executive Calls ... (https://finance.yahoo.com/news/now-xrp-dead-next-swift-105438346.html)

[4] Ripple Vs. SWIFT Battle Heating Up As Exec Lands Major ... (https://www.mitrade.com/au/insights/news/live-news/article-3-1093103-20250904)