XRP was initially created to enhance cross-border payments, not replace the U.S. dollar, by offering a faster and more affordable alternative to the SWIFT system.
Ripple's On-Demand Liquidity service with XRP is revolutionizing cross-border transactions by enabling near-instantaneous transfers without pre-funded USD accounts, cutting costs and settlement times significantly.
Ripple is strategically positioning XRP as a dollar alternative by integrating it into trade corridors, especially in alliances like BRICS and ASEAN, where countries are looking to reduce reliance on the USD and build more financial autonomy.
In light of recent sanctions and the removal of certain Russian banks from SWIFT, XRP could serve as a valuable tool for sanctioned countries to facilitate trade without accessing USD reserves, showcasing its potential as a lifeline for nations facing financial exclusion.