XRP News Today: XRP surges as SWIFT faces obsolescence: Analyst forecasts 14% global payments share

The global financial landscape is undergoing a potential seismic shift as traditional cross-border payment systems face mounting challenges from emerging blockchain solutions. Crypto analyst Pumpius has forecasted a paradigm shift, positing that the SWIFT network, long the backbone of international transactions, is nearing obsolescence due to its inefficiencies. According to the analyst, XRP, the digital asset underpinning the XRP Ledger (XRPL), is emerging as a strategic replacement due to its speed, cost-effectiveness, and real-time settlement capabilities [1].

SWIFT, utilized by over 11,000 financial institutions, has been criticized for its sluggish processing times and high fees, which contrast sharply with the demands of a modern economy prioritizing transparency and efficiency. Pumpius argues that XRP’s ability to facilitate transactions in seconds at a fraction of a cent, without intermediaries, positions it as a “new chesspiece” in global finance. Unlike SWIFT, which relies on payment instructions, XRP enables direct value transfers with immediate finality and liquidity, a feature that could disrupt decades of established protocols [1].

Ripple’s On-Demand Liquidity (ODL) system, which leverages XRP to bridge fiat currencies across borders, has been adopted by over 100 financial institutions worldwide. This growing institutional validation underscores the practicality of blockchain-based solutions for cross-border payments. Additionally, countries exploring central bank digital currencies (CBDCs) are reportedly considering XRPL technology to enhance cross-border interoperability, further signaling a shift in financial infrastructure priorities [1].

Geopolitical factors are also accelerating the potential adoption of XRP. The weaponization of SWIFT—exemplified by its exclusion of certain nations from its network—has created demand for a politically neutral alternative. XRP’s decentralized nature and global reach align with this need, particularly in an era marked by rising geopolitical tensions between East and West [1]. Pumpius emphasizes that the decline of SWIFT is not merely technological but ideological, reflecting a broader transfer of power from legacy institutions to decentralized networks [1].

Data from CryptoQuant highlights XRPL’s surging adoption, with active wallets exceeding 7.24 million—a record high. This growth reflects a convergence of retail enthusiasm, institutional backing, and network upgrades. Analysts suggest that cross-border adoption, real-world asset tokenization, and institutional partnerships could drive XRPL’s ecosystem to capture up to 14% of global payments volume in the coming years [1].

Pumpius’ analysis underscores XRP’s role as a bridge between traditional and digital finance. With wallet growth, increased usage, and institutional validation, XRPL is positioned at the threshold of mainstream adoption. However, the transition from SWIFT to XRP hinges on broader regulatory clarity and continued technological advancements, factors that remain critical for the digital asset’s long-term viability [1].

Source: [1] [SWIFT Fades, XRP Rises: Analyst Predicts Major Paradigm Shift] [https://coinmarketcap.com/community/articles/68811f95439cf10408b23c22/]