Recent months may signal a systemic shift in international finance linked to the development of XRP technology and the decline of SWIFT.
SWIFT and Its Replacement
The SWIFT system, used by over 11,000 financial institutions for international money transfers, faces criticism for its sluggishness and high costs. Analyst Pumpius argues that XRP is emerging as a strategic successor to SWIFT due to its ability to settle transactions in mere seconds and at minimal costs. He emphasizes that XRP offers actual value transfer and liquidity in real-time, unlike the outdated approach of SWIFT.
Rise of XRP Ledger Wallets
According to CryptoQuant data, the XRP Ledger has reached a record of over 7.24 million active wallets. This growth reflects interest from both retail investors and institutional backing. The increased adoption of XRP is also tied to a growing trend of real-world asset tokenization and support from major institutional players.
The Future of XRP in Finance
Pumpius notes that shifts in policy and geopolitical tensions may promote XRPL adoption. With certain countries being excluded from the SWIFT network, there is a growing need for a politically neutral and decentralized alternative. XRP fits this profile perfectly, with its global reach and increasing regulatory clarity.
With rising interest in XRP and growth in popular wallets, the XRPL stands at the threshold of accelerated adoption in international financial flows. It is projected that XRP could capture significant market share in global payment volumes in the near future.
