XRP News Today: Ripple CEO Predicts 14% Market Share Capture From SWIFT In Five Years

Ripple CEO Brad Garlinghouse has expressed his vision for the future of XRP, predicting that the digital asset could capture 14% of the market currently dominated by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) within the next five years. This projection underscores Garlinghouse's belief in the potential of XRP to revolutionize the global payments sector.

Garlinghouse highlighted the liquidity component of the SWIFT network as a key area where digital assets like XRP can offer significant advantages. Currently, banks control most of the liquidity within SWIFT, but Garlinghouse suggested that XRP's on-demand liquidity capabilities could provide a more efficient alternative for cross-border transfers. He emphasized that if XRP can drive all the liquidity, it would be beneficial for the digital asset, potentially capturing 14% of SWIFT's market share in five years.

SWIFT has long been the backbone of global interbank messaging, with over 11,000 institutions relying on it to exchange financial transaction data. In 2022, SWIFT processed an average of 44.8 million messages daily, a figure that industry analysts believe surpassed 50 million in 2024. However, the growing interest in blockchain-based solutions from firms like Ripple is beginning to challenge this legacy infrastructure.

Ripple has developed a suite of financial tools, including the XRP token, XRP Ledger, and the Ripple USD stablecoin. These tools are designed to streamline cross-border payments with lower fees and near-instant settlement times. Despite these advancements, Ripple has faced significant setbacks, including legal action from the US Securities and Exchange Commission (SEC), which accused the company of selling XRP as an unregistered security. This legal battle significantly slowed XRP's adoption by financial institutions.

However, the recent dismissal of the SEC's case against Ripple has removed a major obstacle to XRP's adoption. Market observers believe that this legal clarity could accelerate XRP's growth and position it as a credible alternative to SWIFT. With the legal hurdles behind it, Ripple is poised to capitalize on the growing demand for efficient and cost-effective cross-border payment solutions, potentially capturing a significant portion of SWIFT's market share in the coming years.