Analyst CryptoSensei recently expressed on Twitter that Ripple could serve as a viable alternative to SWIFT for international payments. In his video, he laid out arguments regarding the financial and operational advantages of Ripple.
Cost Efficiency and Speed
In the video, CryptoSensei explained that institutions using Ripple's on-demand liquidity can save hundreds of millions of dollars every year. He noted that one of the primary benefits is eliminating the need to maintain pre-funded Nostro and Vostro accounts.
By removing this requirement, banks can free up significant amounts of capital that would otherwise sit idle. He emphasized that these funds could be put to productive use, representing a major improvement in capital efficiency.
Board-level Decision-making
CryptoSensei framed the issue as one that bank executives and boards would be forced to confront. He argued that when the question is whether to continue paying hundreds of millions in additional costs to stay with SWIFT or to adopt a system that removes those expenses, the decision becomes straightforward. In his view, it would be unreasonable for financial leaders to choose to remain with the incumbent network when Ripple’s offering provides a faster and more cost-effective solution.
Savings Potential with Ripple
Throughout his remarks, CryptoSensei consistently underscored the scale of savings he believes Ripple can deliver, describing them in terms of hundreds of millions of dollars per year. He portrayed these figures as too significant for banks to overlook and presented them as a driving factor that could push institutions to transition away from SWIFT.
CryptoSensei's tweet and accompanying video put forward the case that Ripple's on-demand liquidity offers advantages in both cost savings and operational efficiency that could lead it to replace SWIFT in global payments. His message was clear: when institutions weigh the costs and benefits, Ripple stands out as the logical alternative.
