🚨 The price of
#XRP has the potential to soar if it manages to process even 1% of the daily transactions from the global messaging network SWIFT.
🤓 Recently, conversations about XRP's potential contribution to international payments, especially in connection with SWIFT, the leading financial messaging system, have been prevalent in the cryptocurrency community.
🤔 Can XRP Enhance SWIFT's Functionality? 💪
→ Numerous industry professionals, including leaders from Ripple XRP, have explored the potential of XRP and the XRP Ledger (XRPL) to either enhance or supplant SWIFT in international transactions.
→ For example, during the Paris Fintech Forum in 2019, Ripple's CEO Brad Garlinghouse emphasized that the aim isn't to completely replace SWIFT but to improve its operational efficiency. He recognized SWIFT’s Global Payments Innovation (GPI) as a positive development but argued that Ripple’s blockchain solutions offer superior efficiency.
→ Additionally, in a 2018 conversation at Money20/20 USA, Ripple’s CTO, David Schwartz, discussed how XRP could lessen the dependence on intermediaries. He pointed out the drawbacks of conventional payment systems, which tend to be slow and expensive. Alongside Ripple's executives, various analysts have echoed these views.
📊 SWIFT’s Massive Trading Volume ✅
→ To provide some background, the SWIFT network manages an enormous number of transactions every day. By December 2022, it was processing an average of 44.8 million FIN messages daily, marking a 6.6% rise from the previous year.
→ Although SWIFT does not reveal the total monetary value of these transactions, past estimates indicate that the daily total is quite significant. Back in 2004, SWIFT handled about 10 million messages each day, with an average transaction value of around $500,000, leading to a daily total of approximately $5 trillion.
🧠 Conclusion 👇
XRP could experience a significant price surge driven by increased demand, utility, and liquidity. SWIFT processes over $5 trillion daily—so 1% equals $50 billion in volume. If XRP becomes the bridge asset for just a slice of that, it could:
→ Skyrocket in utility as a preferred cross-border settlement tool.
→ Attract institutional adoption due to speed and low cost.
→ Tighten supply-demand dynamics, especially given its finite supply.
→ Drive price appreciation as volume and market confidence grows.
🚀 In simple terms: if XRP gets even a small piece of the SWIFT pie, its role and value in global finance could explode.
✅ Uncover More Facts and Details about XRP available for you here:
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Just 2,505 XRP Required to Join the Elite XRP Holders!→
XRP under 3.5-4: A Bargain in the Eyes of Crypto Experts and Influencers!🤓 For ALL Newbies:
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