XRP News Today: Ripple CEO Targets 14% of SWIFT's Cross-Border Volume by 2030 Using XRP

Ripple CEO Brad Garlinghouse has intensified his company’s push to replace SWIFT, the dominant cross-border payment network, by highlighting systemic inefficiencies in the legacy system. In a video shared by Crypto Crusaders, Garlinghouse criticized SWIFT’s reported 6% transaction error rate and noted that a Fortune 50 CFO observed an 11% error rate in cross-border operations, underscoring persistent issues of manual intervention, delays, and high costs [1]. He emphasized that these flaws—compounded by SWIFT’s reliance on correspondent banking—create a fragmented, error-prone framework ill-suited for modern financial demands. “Human intervention is required, and it slows things down,” Garlinghouse stated, adding that such processes incur unnecessary expenses [1].

A central critique from Garlinghouse is SWIFT’s so-called “liquidity trap,” where approximately $10 trillion remains frozen in Nostro and Vostro accounts globally to support legacy infrastructure. This idle capital, he argued, could be liberated through blockchain-based solutions like XRP, which enable near-instant settlements without pre-funded accounts [1]. Ripple’s On-Demand Liquidity (ODL) system, powered by XRP, allows institutions to bypass SWIFT’s multi-bank intermediaries, reducing transaction times from days to seconds while minimizing costs. Garlinghouse reiterated that Ripple’s strategy is not to integrate with SWIFT but to “replace them,” a stance consistent with prior public statements [3].

The CEO outlined a specific market forecast, citing estimates that Ripple could capture 14% of SWIFT’s cross-border transaction volume within five years [2]. This projection hinges on XRP’s ability to address SWIFT’s inefficiencies, particularly in corridors marked by high fees and delays. Garlinghouse envisions XRP competing directly with SWIFT by 2030, though this timeline remains contingent on regulatory developments and institutional adoption. Ripple’s ongoing legal battles with the U.S. Securities and Exchange Commission (SEC) add uncertainty, as court rulings could influence XRP’s global utility [2].

Garlinghouse’s remarks align with broader industry shifts toward decentralized solutions. He criticized SWIFT for opaque pricing, lack of innovation, and an over-reliance on intermediaries, contrasting it with Ripple’s real-time settlement model [1]. However, SWIFT’s entrenched role—supported by its 11,000 institutional members—means XRP’s ascent would require overcoming trust barriers and operational inertia. Analysts remain divided, with some viewing blockchain and SWIFT as complementary rather than adversarial [6].

Despite these challenges, Garlinghouse framed XRP as a catalyst for a “new era” in finance, where liquidity is tokenized and transactions are atomic. While critics argue that cross-border payments require more than speed and cost efficiency—emphasizing interoperability and regulatory compliance—Ripple’s focus on institutional markets suggests a long-term play to reshape the sector. Garlinghouse acknowledged the risks, including rising XRP-related scams, but maintained confidence in the token’s potential to redefine global payment infrastructure [7].

Sources:

[1] [XRP Is Replacing SWIFT? Ripple CEO Garlinghouse Relates] (https://timestabloid.com/xrp-is-replacing-swift-ripple-ceo-garlinghouse-relates/)

[2] [Could a $500 Investment in XRP Turn Into $50,000 by 2030?] (https://www.fool.com/investing/2025/07/28/ripple-xrp-crypto-btc-investment-buy-2030/)

[3] [XRP News Today: Ripple CEO Criticizes SWIFT’s 6% Error Rate] (https://www.ainvest.com/news/xrp-news-today-ripple-ceo-criticizes-swift-6-error-rate-aims-capture-14-transaction-volume-5-years-2507/)

[6] [Where Will XRP (Ripple) Be in 5 Years?] (https://www.nasdaq.com/articles/where-will-xrp-ripple-be-5-years-1)

[7] [XRP Soars, Scams Also Erupt: Urgent Warning from Ripple] (https://www.binance.com/en/square/post/27491984407490)