Ripple CEO Brad Garlinghouse has set a bold target for XRP, projecting that the digital asset could capture a significant portion of the global payments sector in the coming years. In a recent video shared on X, Garlinghouse suggested that XRP might account for as much as 14% of the volume currently processed through SWIFT within the next five years.
Garlinghouse emphasized the importance of liquidity in the SWIFT network and highlighted XRP’s on-demand liquidity capabilities as a potential game-changer for cross-border transfers. He noted that banks traditionally control the majority of liquidity within SWIFT, but XRP could offer a more efficient alternative for financial institutions.
Despite Garlinghouse’s optimistic projection, XRP’s price has seen a recent decline of around 4% to $2.24. The token has dropped by over 40% from its peak in January, according to data from CryptoSlate.
SWIFT has long been the dominant player in global interbank messaging, with thousands of institutions relying on its infrastructure for financial transactions. However, blockchain-based solutions like those offered by Ripple are beginning to challenge SWIFT’s legacy system.
Ripple has developed a range of financial tools, including XRP, the XRP Ledger, and the Ripple USD stablecoin, with the goal of streamlining cross-border payments with lower fees and faster settlement times. Despite facing legal challenges from the SEC in the past, Ripple recently received clarity on its regulatory status, which could pave the way for wider adoption of XRP by financial institutions.
With the legal obstacles now behind them, market observers believe that XRP is well-positioned to emerge as a credible alternative to SWIFT and potentially disrupt the global payments sector. As the digital asset continues to evolve and gain traction, the future of cross-border payments could look very different in the years to come.