A recent interview with Dan Morehead, founder of Pantera Capital, on CNBC has brought renewed focus on Ripple and its positioning in global finance.
Ripple and SWIFT: A Long-Standing Rivalry
In the interview, Morehead emphasized that 'Ripple is going after SWIFT,' reflecting a longstanding belief that Ripple may be a competitor to SWIFT. His comments on XRP put it in the same league as other major assets such as Bitcoin and Solana.
Ripple's Technology Compared to SWIFT
SWIFT has been the backbone of international payments for decades, yet its outdated infrastructure can lead to delays in transaction processing. In contrast, Ripple provides solutions that offer near-instant completion for international transfers, making them more cost-effective. Ripple CEO Brad Garlinghouse highlights the need for modernization of the current system.
Ripple's Recognition Among Investors
Morehead's investment experience lends weight to his statements regarding Ripple. He noted that Ripple aims to replace or improve on SWIFT, which serves as a compelling argument for XRP's real utility in international finance.
Dan Morehead's remarks highlight Ripple's significance as a real player in the international transfer space that seeks to enhance existing systems through innovative solutions.
