XRP Could See Significant Utility If Ripple Captures 14% Of SWIFT Volume
A recent analysis highlights XRP's potential utility if Ripple captures 14% of SWIFT's transaction volume. Key points include:
- Ripple could process $4.2 trillion annually, requiring minimal XRP supply.
- This translates to approximately $11.5 billion in daily transactions.
- Using conservative estimates, each XRP could facilitate $1,032 worth of transactions daily.
- To handle the estimated daily volume, around 11.15 million XRP would be needed, just 0.0190% of the total circulating supply of about 58.82 billion tokens.
- Crypto Eri's analysis has gained traction within the crypto community, with others validating her projections.
Additionally, regarding transaction fees for a $5 trillion annual volume, only 5,000 XRP may be permanently burned, based on an average transaction size of $10,000.
