Coinspeaker
Sep 25, 2026
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Dan Morehead says Ripple goes after SWIFT not replacing SWIFT

3 min

Pantera Capital founder Dan Morehead told CNBC’s Squawk Box that “there might be other use cases, you know, like Ripple’s going after SWIFT.” The line identifies a target market for Ripple’s cross-border payments products. It does not state that Ripple has replaced SWIFT, set a timetable, or captured measurable market share.

What Morehead Said

Morehead surveyed blockchain use cases: he characterized Bitcoin as digital gold and suggested Solana’s capacity could reach billions of transactions per day. He framed Ripple as focused on cross-border financial messaging and settlement. He provided no market-share figures, timelines, or claims of SWIFT displacement. The phrase “there might be other use cases” indicates competitive positioning, not a forecast.

Ripple vs SWIFT: Scope and Status

SWIFT, the Society for Worldwide Interbank Financial Telecommunication, remains the dominant global network for cross-border payment messaging between financial institutions. Ripple is building faster, cheaper alternatives to correspondent banking, which often routes payments through multiple intermediaries and takes days to settle.

Ripple states its platform supports real-time payouts in more than 60 markets: this is a company claim, not independent confirmation of SWIFT displacement. SWIFT continues to modernize messaging and standards while Ripple, stablecoins, and central bank digital currencies compete for shares of cross-border flows.

XRP’s Role and Token Implications

Ripple’s enterprise products largely operate without requiring XRP. This distinction matters for interpreting Morehead’s comment: it addresses Ripple’s business strategy more than XRP’s price outlook. XRP’s price has faced pressure since the SEC’s December 2020 lawsuit alleging unregistered securities offerings. A 2023 ruling favored Ripple on retail sales, but institutional sales questions and broader regulatory outcomes continue to shape token dynamics.

Market Context

XRPUSDT Price Chart 1D

XRPUSDT Price Chart 1D TradingView

Social-media reactions amplified the “going after SWIFT” line, but the clip offers no data beyond positioning. Ripple’s recent media visibility highlights institutional interest in alternative payment rails. Whether that converts into lasting demand for XRP, as opposed to Ripple’s fiat-based enterprise corridors, remains undetermined.