Ripple CEO predicts XRP will capture SWIFT’s market share

Global financial institutions are increasingly shifting from the outdated SWIFT system in favor of modern payment technologies, seeking faster and cheaper cross-border transactions. Leading this transformation is XRP Ledger (XRPL). Meanwhile, SWIFT’s annual transfer volume, previously over $150 trillion, has declined by 15%, signaling a major opportunity for alternatives, according to CoinPedia.

Ripple CEO Brad Garlinghouse estimates that XRPL could capture up to 14% of SWIFT’s market share within five years, equivalent to over $21 trillion.

Ripple’s stablecoin, RLUSD, is drawing significant attention. Fully compliant with the GENIUS Act, it maintains 1:1 dollar reserves and undergoes monthly audits. RLUSD also drives demand for XRP, as every transaction burns a small portion of XRP. This reduces the asset's supply, increasing its scarcity.

Analyst Paul Barron notes that XRP is emerging as the backbone of a regulated digital payment system. Meanwhile, crypto expert The Great Mattsby predicts the token could surge to $45 if current trends hold.