Share this article
XRP Could Capture 14% of SWIFT’s Global Volume, Ripple CEO Says
SWIFT dominates interbank messaging for cross-border transfers. Ripple can compete on its ability to seamlessly to move capital, Brad Garlinghouse said.
Updated Jun 13, 2025, 1:15 p.m. Published Jun 13, 2025, 9:25 a.m.
Make us preferred on Google
What to know:
- Ripple CEO Brad Garlinghouse said XRP could capture 14% of SWIFT's global volume in cross-border payments within five years.
- Garlinghouse emphasizes XRP's role as a liquidity solution, rather than just a messaging system, to compete with the global interbank messaging system, SWIFT.
- Ripple's blockchain technology allows for instant currency conversion, reducing the need for banks to hold foreign funds and speeding up transactions.
SINGAPORE — Ripple CEO Brad Garlinghouse is betting big on XRP’s role in the future of cross-border payments, saying the token could capture 14% of the volume carried by SWIFT, the global interbank messaging network, within five years.
Speaking at the XRP APEX 2025 event in Singapore on Wednesday, Garlinghouse framed the prediction around XRP’s utility in transferring funds internationally.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“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%.”
SWIFT dominates interbank messaging for cross-border transfers, telling banks where to send money, but doesn't actually move the funds. If a person transfers money from a U.S. bank to one in Europe, messages are sent on SWIFT to coordinate the transfer. The cash takes longer to arrive, often relying on multiple intermediaries, which can make the process slow and expensive.
Ripple is angling to compete on the liquidity layer, arguing that the ability to move capital seamlessly, not just communicate transactions, will let it gain market share. Instead of just sending a message, Ripple’s system moves both the message and the money using blockchain technology.
XRP acts as a bridge currency, converting money instantly from one currency to another, and reducing the need for banks to hold funds in foreign accounts.
Lebih untuk Anda
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Yang perlu diketahui:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Lebih untuk Anda
Here's what bitcoin bulls are saying as price remains stuck during global rally
It's about a lot more than "zooming out." Supply overhangs and investor "muscle memory" regarding gold help explain bitcoin's poor absolute and relative performance.
Yang perlu diketahui:
- Bitcoin has failed so far to act as an inflation hedge or safe-haven asset, lagging badly behind gold, which has surged amid high inflation, wars, and interest rate uncertainty.
- Crypto advocates argue that bitcoin’s weakness reflects a temporary supply overhang, investor “muscle memory” favoring familiar precious metals and its correlation with risk assets, rather than a collapse in long-term demand.
- Many bitcoin proponents still see BTC as a superior long-term store of value and “digital gold,” predicting that, once traditional hard assets are overbought, capital will rotate into bitcoin, allowing it to “catch up” to gold.
Top Stories
