In a world where money flows like a river, Ripple‘s own captain, Brad Garlinghouse, has cast his net wide, predicting that the XRP Ledger (XRPL) could snag a hefty 14% of SWIFT’s global liquidity by the time the calendar flips to 2030. He’s not just whistling in the wind; he’s got his eyes set on liquidity, not just the chatter of messages.
Garlinghouse shared his grand vision during a press session at the XRP Ledger Apex 2025 in the bustling city of Singapore on June 10. Ah, Singapore! Where the skyline is as ambitious as the dreams of its visitors.
Ripple Sets High Ambitions for the XRP Ledger
As it stands, RippleNet, Ripple’s global payments network, boasts a roster of banks that could make a football team jealous. But hold your horses! The actual use of XRP through On-Demand Liquidity (ODL) is like a secret club, with only a few members like MoneyGram, SBI Holdings, and Santander getting the VIP treatment.
“SWIFT today has two components—messaging and liquidity,” Garlinghouse explained, probably while sipping a fancy drink. “Liquidity is owned by banks. I think less about the messaging and more about liquidity. If you’re driving all the liquidity, it’s good for XRP. So, in five years, I’d say 14%.”
Meanwhile, Ripple’s CTO, David Schwartz, took the stage, shedding light on the dark corners of financial transactions and the auditing nightmare that lurks there.
“The big problem with auditing is if I hand you a bunch of records and I tell you to audit them, you can say these records are cool,” Schwartz said, probably with a hint of sarcasm. “The problem arises if I owe someone money or have something outstanding not included in the provided records.”
Ripple and XRPL are the talk of the town when it comes to potential SWIFT integration, thanks to XRPL’s lightning-fast settlement speeds. We’re talking about a mere three to five seconds for cross-border payments, while SWIFT is still stuck in the slow lane, taking days. Talk about a race where one is still tying its shoelaces!
And let’s not forget the costs! XRPL charges less than a fraction of a cent per transfer, while SWIFT is raking in $20–$50 per transaction. It’s like comparing a penny candy store to a five-star restaurant!
Despite the buzz about a possible Ripple-SWIFT partnership, the two networks are still playing hard to get. But SWIFT is not sitting idle; it’s gearing up for a blockchain makeover with its ISO 20022 upgrade set for November 2025. Who knew they were into fashion?
At the Apex 2025 event, Ripple unveiled some shiny new toys, including an Ethereum Virtual Machine (EVM)-compatible sidechain and better support for tokenized real-world assets like US Treasuries. It’s like they’re expanding their toolbox for a bigger project!
These developments show that Ripple is not just about cross-border payments; they’re aiming for the stars!
Meanwhile, Ripple and the SEC have hit the pause button on their appeals, giving themselves a 60-day window for a potential settlement. A status report is due to the US Court of Appeals by June 16, which will reveal if they’re inching closer to a resolution or just playing a game of legal hopscotch.
If the SEC doesn’t file by June 16, the appeal process will likely rev up again, possibly dragging litigation into 2026. It’s like waiting for a sequel to a movie that never seems to come!
While Ripple has been busy making waves in the past few months, settling this lawsuit once and for all is their top priority for Q2, 2025. Because who doesn’t want to start the summer with a clean slate? 🌞
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2025-06-11 20:29