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SWIFT Is ‘Dying’—Here’s Why XRP Could Take Over
The post SWIFT Is ‘Dying’—Here’s Why XRP Could Take Over appeared on BitcoinEthereumNews.com. XRP offers near-instant settlements (3–5 seconds) and significantly lower transaction costs ($0.0002 compared to SWIFT’s $50), positioning it as a future-ready alternative for global payments. XRP’s “secret weapon” lies in its liquidity, freeing up capital tied in dormant accounts under SWIFT. The XRP community believes that global finance dynamics are changing quickly and that the existing SWIFT system is dying slowly. As adoption of blockchain-based cross-border payments rises, the community is confident that the Ripple cryptocurrency and XRP Ledger are poised to replace SWIFT. As mentioned previously, there have been several debates over whether XRP can replace SWIFT considering the altcoin’s utility factors, such as low cost and instant global transactions. Popular community handle on X platform “All Things XRP” stated that SWIFT is dying with the ripple cryptocurrency poised to replace it moving forward. The member noted: SWIFT’s downfall is inevitable. It’s slow, expensive, and outdated. Meanwhile, XRP and the XRPL are faster, cheaper, and built for the future. Adoption is coming—it’s just a matter of when, not if. Here’s Why SWIFT Will Lose Market To XRP “All Things XRP” stated key reasons why the SWIFT system is likely to lose market share to XRP in the coming years. It compares the existing SWIFT system to a “dinosaur,” highlighting its reliance on a network of intermediaries that requires manual settlement by traditional financial institutions, including banks. On the other hand, XRP operates in a completely decentralized environment and serves as a bridge between fiat assets. As a result, it can facilitate near-instant settlements without intermediary support. Furthermore, while SWIFT takes up to five days for cross-border transactions, XRP completes settlements in just 3–5 seconds. The report also noted that XRP eliminates delays in sending money, describing its capability to move value “at the speed of the internet.” Another important factor, transaction…
The post SWIFT Is ‘Dying’—Here’s Why XRP Could Take Over appeared on BitcoinEthereumNews.com.
XRP offers near-instant settlements (3–5 seconds) and significantly lower transaction costs ($0.0002 compared to SWIFT’s $50), positioning it as a future-ready alternative for global payments. XRP’s “secret weapon” lies in its liquidity, freeing up capital tied in dormant accounts under SWIFT. The XRP community believes that global finance dynamics are changing quickly and that the existing SWIFT system is dying slowly. As adoption of blockchain-based cross-border payments rises, the community is confident that the Ripple cryptocurrency and XRP Ledger are poised to replace SWIFT. As mentioned previously, there have been several debates over whether XRP can replace SWIFT considering the altcoin’s utility factors, such as low cost and instant global transactions. Popular community handle on X platform “All Things XRP” stated that SWIFT is dying with the ripple cryptocurrency poised to replace it moving forward. The member noted: SWIFT’s downfall is inevitable. It’s slow, expensive, and outdated. Meanwhile, XRP and the XRPL are faster, cheaper, and built for the future. Adoption is coming—it’s just a matter of when, not if. Here’s Why SWIFT Will Lose Market To XRP “All Things XRP” stated key reasons why the SWIFT system is likely to lose market share to XRP in the coming years. It compares the existing SWIFT system to a “dinosaur,” highlighting its reliance on a network of intermediaries that requires manual settlement by traditional financial institutions, including banks. On the other hand, XRP operates in a completely decentralized environment and serves as a bridge between fiat assets. As a result, it can facilitate near-instant settlements without intermediary support. Furthermore, while SWIFT takes up to five days for cross-border transactions, XRP completes settlements in just 3–5 seconds. The report also noted that XRP eliminates delays in sending money, describing its capability to move value “at the speed of the internet.” Another important factor, transaction…
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