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XRP To Cap...
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XRP To Capture 14% Of SWIFT’s Volume, Says Ripple CEO

  • Ripple CEO Brad Garlinghouse predicts that XRP could capture 14% of SWIFT's volume in the next five years, focusing on liquidity rather than messaging.
  • Ripple's chief technologist David Schwartz foresees hundreds of billions of dollars in tokenized assets with blockchain technology.
  • Garlinghouse's projection could mean migrating around $700 billion daily or $21 trillion annually to XRP-based liquidity rails.
  • XRP aims to be a bridge asset for banks to streamline payments and reduce nostro-vostro balances.
  • Ripple recently unveiled new engineering milestones in Singapore, showcasing support for tokenization and enhanced liquidity hub.
  • XRP is the fourth-largest cryptocurrency with a market cap of around $132 billion.
  • Despite growth, XRP's turnover remains insufficient for handling multibillion-dollar daily flows.
  • Ripple processed 'single-digit billions' through on-demand liquidity corridors last quarter, indicating a need for significant scaling to reach Garlinghouse's target.
  • At the time of reporting, XRP was trading at $2.25.

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