XRP vs SWIFT — Could Ripple Capture 14% of Global Payments in 5 Years?

Why Ripple Thinks XRP Can Disrupt SWIFT

1. Liquidity Over Messaging
   Garlinghouse argued that SWIFT's messaging side is efficient, but its liquidity layer—dependent on pre-funded nostro accounts—is the real bottleneck. XRP, combined with Ripple’s On-Demand Liquidity, can settle across global corridors in seconds at near-zero cost.
2. Error Rate & Capital Inefficiency
   With SWIFT’s error rate cited around 6%—and up to 11% in some instances—Ripple sees opportunity. Its CEO compared the inefficiency to search engines failing—a stark contrast to modern digital expectations.
3. Institutional & Central Bank Attention
   Ripple technology is under review by the ECB and the Bank of Japan through Project Stella. Ripple’s goal isn’t just to compete—it’s to internalize SWIFT’s customer base over time.
4. Surging XRPL Activity
   Daily XRPL transactions exceed 830K, with active addresses and DEX volume rising. The launch of RLUSD—a deflationary stablecoin burning XRP per transaction under GENIUS Act rules—further underscores Ripple’s shift to real-world utility.

Coinccino Take

XRP isn’t replacing SWIFT tomorrow—but it’s rewriting how value moves. Ripple’s strategy focuses on liquidity infrastructure over bank messaging systems. If it captures just 10–14% of SWIFT’s vast $21 trillion volume, XRP demand—and utility—would skyrocket globally. Institutional momentum is just getting started.

Why It Matters Globally