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“XRP Could Capture 14% of SWIFT Volume Within Five Years,” Ripple's CEO Brad Garlinghouse Says
Global finance may be heading toward a shift in cross-border settlements. Speaking at the XRP APEX 2025 event in Singapore, Ripple CEO Brad Garlinghouse shared a bold projection: XRP could capture 14% of SWIFT's volume over the next five years, driven by a focus on liquidity rather than messaging infrastructure.Leveraging Crypto-Based LiquidityGarlinghouse’s comments reflect a broader ambition within Ripple to challenge traditional financial rails by leveraging crypto-based liquidity solutions. While SWIFT currently dominates the interbank messaging landscape for cross-border payments, Garlinghouse argued that the true battleground lies in liquidity, the ability to move money, not just send instructions.“There are two parts to SWIFT today: messaging and liquidity,” Garlinghouse said. “Liquidity is owned by the banks. I think less about the messaging and more about liquidity. If you're driving all the liquidity, it is good for XRP… so I’ll say five years, 14%.”
Global finance may be heading toward a shift in cross-border settlements. Speaking at the XRP APEX 2025 event in Singapore, Ripple CEO Brad Garlinghouse shared a bold projection: XRP could capture 14% of SWIFT's volume over the next five years, driven by a focus on liquidity rather than messaging infrastructure.
Leveraging Crypto-Based Liquidity
Garlinghouse’s comments reflect a broader ambition within Ripple to challenge traditional financial rails by leveraging crypto-based liquidity solutions.
While SWIFT currently dominates the interbank messaging landscape for cross-border payments, Garlinghouse argued that the true battleground lies in liquidity, the ability to move money, not just send instructions.
“There are two parts to SWIFT today: messaging and liquidity,” Garlinghouse said. “Liquidity is owned by the banks. I think less about the messaging and more about liquidity. If you're driving all the liquidity, it is good for XRP… so I’ll say five years, 14%.”
