XRP News Today: Ripple's XRP Could Handle 14% of SWIFT's Volume with 0.0190% of Supply

Ripple, the company behind the cryptocurrency XRP, has been making strides in the global payments industry, with some analysts speculating on the potential implications if Ripple were to capture a significant portion of SWIFT’s transaction volume. According to a detailed analysis by a crypto market expert, if Ripple were to secure 14% of SWIFT’s market share, the impact on XRP’s supply and utility could be substantial.

Crypto Eri, a prominent market expert, has conducted a thorough analysis to determine the effects of Ripple processing 14% of SWIFT’s total annual cross-border volume. This volume is estimated to be around $4.2 trillion, which translates to approximately $11.5 billion in daily transaction value. The expert assumed a conservative scenario where each XRP token is used once every three minutes, significantly slower than XRP’s actual settlement capability of 3 to 5 seconds. This assumption was made to account for potential liquidity management constraints in real-world applications.

Given that there are 86,400 seconds in a day and each transaction occupies about 80 seconds, each XRP could be used for up to 480 transactions daily. At the current market price of $2.15, one XRP could facilitate $1,032 worth of transactions per day. To process the estimated $11.5 billion in daily volume, approximately 11.15 million XRP tokens would be needed. This figure is minuscule compared to XRP’s circulating supply of around 58.82 billion tokens, indicating that just 0.0190% of the supply would be necessary to handle the calculated transaction volume. This highlights XRP’s high velocity and reusability, making it a potentially efficient bridge asset in the global payments space.

Crypto Eri’s analysis has sparked widespread engagement within the crypto community, with many independent researchers and members validating the projections through their data-driven models. The expert’s calculations and projections present a compelling case for XRP’s utility in global finance, suggesting that XRP could play a significant role in facilitating large-scale transactions if Ripple captures a portion of SWIFT’s market share.

In addition to the potential utility of XRP, the market expert also provided insights into the token’s burn rate in terms of fees needed to facilitate a $5 trillion annual transaction volume. According to the expert’s estimates, only 5,000 XRP would be permanently burned through transaction fees, an astonishingly small figure considering the massive scale of value being transferred. This estimate assumes an average transaction size of $10,000, resulting in roughly 500 million transactions per year to reach the $5 trillion mark. The low burn rate further underscores the efficiency of XRP in facilitating large-scale transactions, reinforcing its potential as a bridge asset in the global payments industry.