Ripple CEO Predicts XRP Could Capture 14% of SWIFT Volume in Five Years
Ripple CEO Brad Garlinghouse predicts that XRP could capture 14% of SWIFT's cross-border payment volume in five years. He emphasizes XRP's utility for international fund transfers, focusing on liquidity rather than messaging.
- SWIFT facilitates interbank messaging but does not move funds directly.
- XRP aims to enhance liquidity in cross-border transactions.
- Ripple's system processes both messages and funds using blockchain technology.
- XRP operates as a bridge currency, allowing instant currency conversion and reducing the need for foreign account holdings.