Long

Ripple CEO <a href="https://36crypto.com/brad-garlinghouse-early-life-and-net-worth-the-vision-behind-ripple-and-cryptocurrency-innovation/" target="_blank" rel="noopener noreferrer nofollow">Brad Garlinghouse</a> has sparked renewed attention in the XRP community after highlighting the asset’s expanding role in international payments. His comments, shared by XRP Avenger (@XRP_Avengers), <a href="https://x.com/XRP_Avengers/status/1925316201850294471" target="_blank" rel="noopener noreferrer nofollow">focus on how XRP is already solving</a> key inefficiencies in cross-border money transfers.
According to Garlinghouse, XRP allows financial institutions to bypass the outdated model of holding pre-funded accounts in multiple countries. He clarified that SWIFT, among other traditional systems, requires banks to keep money in reserve outside their home countries, which adds extra difficulty to transferring money.
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Ripple’s solution, powered by XRP, removes that need by enabling real-time liquidity. He mentioned that institutions can now instantly access funds thanks to Ripple’s trading pairs with the US dollar and the British pound.
According to him, transactions are completed “in seconds,” a big step up from the days or even hours it has frequently taken on the old SWIFT network. One can send money from one bank to another using Ripple without needing an outside party, reducing costs and making the process faster.
In his comments, Garlinghouse pointed out that XRP and Bitcoin differ because XRP is faster and more efficient. Because XRP is processed quickly in three seconds, it’s ideal for real-time transfers around the globe, unlike Bitcoin.
<h2 id="strong-xrp-positioned-to-disrupt-global-banking-systems-strong">XRP Positioned to Disrupt Global Banking Systems</h2>
Ripple’s approach has been backed by real-world usage, as many financial entities already integrate XRP for liquidity. The company argues that these advantages place XRP in a position to eventually replace SWIFT as the dominant global settlement system.
Ripple President Monica Long added that <a href="https://x.com/_Crypto_Barbie/status/1912212759854412208" target="_blank" rel="noopener noreferrer nofollow">XRP is significantly more energy-efficient </a>than Bitcoin, supporting its use by banks and payment providers aiming for sustainability.
Garlinghouse explained that users won’t be aware of XRP being used. Everything is done for you without holding cryptocurrency on your own.
The community of XRP holders is showing increasingly more confidence. Several analysts think Ripple’s successful partnerships and the asset’s high speed could help challenge SWIFT’s long-held role in international finance.
As the Ripple network grows, the company focuses on making XRP a better and faster alternative to SWIFT. With leaders and users backing XRP, it might become a primary tool for money transfers across borders.
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The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/ripple-ceo-reveals-how-xrp-could-replace-swift-in-global-payments-forever/">Ripple CEO Reveals How XRP Could Replace SWIFT in Global Payments Forever</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.

Ripple CEO Reveals How XRP Could Replace SWIFT in Global Payments Forever

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