Ripple CEO Unleashes the Signs: XRP Is Here to Replace SWIFT

The challenges of cross-border payments are not new. SWIFT has its inefficiencies. This gives Ripple an avenue to fill the gaps using efficient digital tools such as XRP. In a recent video shared by crypto commentator Xaif (@Xaif_Crypto), Ripple CEO Brad Garlinghouse criticized the persistent issues within SWIFT’s infrastructure, highlighting inefficiencies that impact both speed and cost in global transactions. Garlinghouse presented a striking comparison between SWIFT and modern technology expectations. “Swift has a reported error rate of 6%,” he said. To emphasize the significance, he added, “Imagine if 6 out of every 100 Google searches you did had a failed result.” This illustrates the disconnect between consumer technology standards and the outdated processes still used in international finance. Ripple CEO Brad Garlinghouse unleashes the signs:》 We’re not partnering with SWIFT we’re replacing them. #XRP pic.twitter.com/1ecm4AUvZU — 𝕏aif | (@Xaif_Crypto) July 26, 2025 The Inefficiencies of Current Systems Garlinghouse revealed that the problem may be even more severe for some large corporations. According to him, a board observer at Ripple, who serves as the CFO of a Fortune 50 company, reported that this error rate is as high as 11%. Garlinghouse clarified that while these errors can be corrected, doing so is far from efficient. “Human intervention is required and it slows things down and obviously has costs associated with that,” he noted. Beyond the direct costs of these delays, Garlinghouse stressed that the most significant consequence is the inefficient use of capital. Institutions are forced to tie up substantial funds in pre-funded accounts to support the correspondent banking model. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 $10 Trillion in Trapped Liquidity Garlinghouse cited estimates from major consulting firms suggesting that approximately $10 trillion is locked in accounts worldwide solely to maintain the current payment infrastructure. This trapped liquidity prevents banks from using their capital more productively. This is a major problem that XRP aims to solve . “To the extent we can make that more efficient, we can dramatically change even the economics of many different payment companies, banks, and again, making this more efficient for global commerce,” Garlinghouse said. He emphasized that freeing up these funds could allow financial institutions to fulfill their core mission. A Better Way to Move Money Garlinghouse positioned Ripple’s technology and approach as a means to achieve this goal, aiming to modernize cross-border payments and enable more efficient global commerce. The CEO has predicted that XRP will capture up to 14% of SWIFT’s volume within 5 years , and its approach to solving SWIFT’s inefficiencies and eliminating errors makes this goal achievable. His remarks reflect a growing sentiment among fintech leaders that the legacy financial system needs reform. When SWIFT replaced Telex in 1977, it was a revolutionary system. However, it has been almost 50 years, and it’s time for XRP to replace SWIFT like it did with Telex . This will give users a better, cheaper, and faster way to move money worldwide. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO Unleashes the Signs: XRP Is Here to Replace SWIFT appeared first on Times Tabloid .

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