Skip to main content

Why Ripple’s XRP Is A Better Transaction Choice Compared To SWIFT

Crypto pundit CharuSan has explained why Ripple’s XRP is a better choice for cross-border transactions than SWIFT. He also predicted that SWIFT is likely to integrate XRP at some point to avoid becoming redundant. 

Why Ripple’s XRP Has A Competitive Edge Over SWIFT

In an X post, CharuSan said that SWIFT is cumbersome and slow, and will completely lose its competitive edge against XRP’s ODL technology, which frees up trillions of dollars for banks in seconds. He further noted that XRP addresses these banks’ pain points by enabling faster, cheaper payments, prompting them to reconsider their use of SWIFT.   

In line with this, he opined that XRP will take over the market rapidly rather than gradually. The pundit also mentioned that the main software used by banks is already integrated with Ripple, which means that the technical path is ready. CharuSan added that there is no need to meet with 13,000 banks one by one, as a single update will integrate all banks into the system. 

CharuSan noted that the real issue for SWIFT is whether it will add XRP to its system as a liquidity layer to keep up with the modern world or remain as a simple messaging service, which could cause it to lose its financial authority and eventually pack up. As such, he believes that SWIFT’s adoption of XRP’s technology at some point is a strategic necessity for the firm’s survival. 

However, it is worth noting that SWIFT is developing its distributed ledger on Ethereum layer-2 Linea in partnership with ConsenSys and up to 30 banks. This is part of the firm’s move to expand from solely the messaging layer to an execution layer, enabling 24/7 cross-border payments. 

Why The Linea Move Cannot Compare to Using XRP

CharuSan also opined that SWIFT cannot compete with XRP even with its move to develop a distributed ledger on Linea. He explained that Linea is a layer-2 infrastructure, and SWIFT’s experimentation with these networks is limited to messaging and asset-transfer trials. The pundit added that Linea is not a liquidity tool. 

As such, CharuSan noted that although Linea aggregates transactions on its own, it still sends this data to the Ethereum network for verification, incurring a cost in the process. He indicated that such a process is not viable for cross-border payments, and so, SWIFT cannot compete with or be compared to XRP. The pundit reiterated that if SWIFT does not reach an agreement with Ripple and integrate XRP as a liquidity layer on its platform, it is “doomed” to fade away. 

At the time of writing, the XRP price is trading at around $1.41, down over 4% in the last 24 hours, according to data from CoinMarketCap.

Ripple

from Bitcoinist.com https://ift.tt/U8huZxD
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin Goes Official: Texas Becomes 1st US State With BTC Reserve

Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications. Texas became the first US state to establish a crypto reserve . On March 7, 2025, legislators passed Senate Bill 21, which gives the green light to the state to direct public funds toward Bitcoin and other digital assets. The action has elicited both support and concern, with some viewing it as a prudent financial hedge and others warning of potential pitfalls. A Push For Bitcoin In The Lone Star State For months, Texas has been seeing increasing favor for the idea of a Bitcoin reserve. Senator Charles Schwertner introduced SB 778, a measure that proposes establishing a strategic stockpile. Including the top crypto asset into the state’s financial reserves was meant to help cushion inflation and economic uncertainty. Texas officials, especially Lieutenant Governor Dan Patrick, wh...
Post a Comment
Read more

Liczba milionerów kryptowalutowych wzrosła o 40%. Rynek przekracza 3,3 biliona dolarów

Rozwój rynku kryptowalut widać również bo liczbie osób, których portfel kryptowalutowy przekroczył milion dolarów. Według najnowszego raportu Henley & Partners, liczba inwestorów posiadających majątek przekraczający milion dolarów w cyfrowych aktywach wzrosła o 40% w ciągu ostatniego roku. Aktualnie na świecie jest już 241 700 milionerów, jeśli chodzi o waluty cyfrowe. Wzrost ten zbiegł się z historycznym momentem, gdyż w połowie 2025 roku kapitalizacja całego rynku kryptowalut przekroczyła 3,3 biliona dolarów . Bitcoin wciąż liderem wzrostów Największy udział w tworzeniu nowych fortun ma niezmiennie Bitcoin. Liczba posiadaczy portfeli BTC, których wartość przekracza milion dolarów, wzrosła aż o 70% rok do roku i wynosi dziś 145 100 . Jeszcze bardziej imponująco wygląda grupa tzw. Centymilionerów, czyli inwestorów posiadających ponad 100 milionów dolarów w Bitcoinie. Ich liczba wzrosła o 63% , osiągając poziom 254 osób. Co więcej, liczba miliarderów BTC podskoczyła do 17, notu...
Post a Comment
Read more

Slow And Steady Wins? Bitcoin To Hit $1M Via ‘Pump’ And ‘Consolidate’ Pattern: Expert

The bull cycle was deemed over when the price of Bitcoin tragically fell toward $75,000 earlier in March 2025. Having notched an all-time high of above $100,000, most investors feared that the premier cryptocurrency had already reached its top for the current cycle. Contrary to popular belief, the price of Bitcoin has since forged multiple new all-time highs, with the current record high at around $122,800. Interestingly, the now-popular market consensus is that it is only a matter of time before the BTC price reaches a seven-figure valuation. How Will Bitcoin Hit $1 Million In 10 Years? In a recent post on the X platform, Blockware Bitcoin analyst Mitchell Askew has joined a growing list of experts to put forward a $1 million projection for the premier cryptocurrency. According to the analyst, the price of BTC is expected to achieve this major milestone over the next 10 years. What’s interesting is that Askew expects the Bitcoin price to reach a $1 million valuation in the next ...
Post a Comment
Read more