Ripple CEO Brad Garlinghouse believes that XRP could soon take a meaningful part of the global payment sector.
In a recent video Shared on X, Garlinghouse, projected that XRP may catch no less than 14% of the volume that is currently being processed through society for global interbancial financial telecommunications (Swift) within the next five years.
He argued that the liquidity component of the Swift network offers a chance for digital assets such as XRP.
Banks are currently maintaining control over most liquidity within Swift. Garlinghouse suggested that with its on-demand liquidity options, XRP could serve as a more efficient alternative to cross-border transfers.
According to him:
“Swift today has two components: messages and liquidity. Liquidity is owned by banks. I think less about messages and more liquidity. If you control all liquidity, it will be good for XRP. So in five years I would say 14%.”
Despite the Garlinghouse projection, XRP has fallen by around 4% to $ 2.24 from the moment of the press in the last 24 hours. Token has fallen by more than 40% compared to its January-all times of $ 3.8, according to CryptoSlate’s facts.
Can Xrp move Swift?
For decades, Swift has served as the backbone of Global Interbank Messaging, with more than 11,000 institutions that trust to exchange data on financial transactions.
In 2022 alone, Swift processed an average of 44.8 million messages daily, a figure that, according to industry analysts in 2024, 50 million surpassed.
Nevertheless, industry players believe that the growing interest in blockchain-based solutions from companies such as Ripple is starting to fight this legacy infrastructure.
Over the years, Ripple has built a series of financial aids, including the XRP -Toks, XRP whides and the Ripple USD Stablecoin. These tools are intended to streamline cross-border payments with lower costs and near-instant setting times.
However, Ripple’s ambitions were not without setbacks. The company spent years on legal steps of the US Securities and Exchange Commission (SEC), which accused the sale of XRP as a non -registered security. In particular, this legal cloud deliberately delayed the approval of XRP by financial institutions.
However, the SEC recently dropped his case against Ripple, which removed an important obstacle to the approval of XRP. Market observers believe that this legal clarity could accelerate the growth of XRP and could position it as a credible alternative to Swift.
