XRP News Today: Teucrium CEO: XRP Could Disrupt SWIFT With Blockchain Efficiency and Growing Institutional Demand

Teucrium CEO Sal Gilbertie has argued that Ripple and its native token, XRP, are well-positioned to challenge SWIFT, the longstanding interbank messaging system, in the realm of cross-border payments [1]. In a recent appearance on the Paul Barron Show, Gilbertie outlined the company’s strategic advantages, including its application for a banking charter and its massive XRP holdings of around 40 billion tokens. He suggested that if approved, Ripple could leverage these assets to become one of the world’s most capitalized banks, disrupting traditional financial infrastructure [1].

A key point in Gilbertie’s analysis is the inefficiency of the current SWIFT system, which requires pre-funding accounts in both the sending and receiving countries. He posits that Ripple’s blockchain technology can eliminate these bottlenecks, enabling real-time settlements and freeing up liquidity that is otherwise tied up in intermediaries [1]. He further noted that as global standards like ISO 20022 are adopted, Ripple’s platform could gain a larger share of cross-border transaction volume, gradually eroding SWIFT’s dominance [1].

Gilbertie also addressed the evolving regulatory environment for XRP. He predicted that the U.S. Securities and Exchange Commission (SEC) could approve a spot XRP ETF before the end of the year, a move that would likely boost institutional demand and further legitimize the asset. Teucrium has already launched the first leveraged XRP ETF in the U.S., signaling growing institutional confidence in the token [1].

However, XRP has experienced recent volatility, with the token trading just below $3.00 as of August 18 before recovering slightly to $3.06 [1]. Analysts have highlighted that its near-term performance will depend on maintaining key technical support levels. A failure to break above $3.30 could lead to further declines, while support at $2.81 remains crucial for sustaining a bullish trend. Despite these short-term challenges, XRP is up more than 430% year-to-date, outperforming many other digital assets [1].

Gilbertie’s remarks reflect the broader potential of blockchain to revolutionize international finance, though the path forward remains subject to regulatory and market risks [1].

Source: [1] Teucrium CEO States Why XRP Could Overthrow SWIFT (https://timestabloid.com/teucrium-ceo-states-why-xrp-could-overthrow-swift/)