Anand Sinha
2 min read
XRP wants to target 14% of SWIFT market by 2030, Ripple CEO says originally appeared on TheStreet.
XRP could capture 14% of the SWIFT market share within the next five years, said Ripple CEO Brad Garlinghouse.
With a market cap of $136 billion, XRP is the fourth-largest cryptocurrency. Ripple has partnered with many institutions to provide the XRP payment solution that has been lauded for its faster and more economical model.
SWIFT, on the other hand, is the backbone of the global banking system, as most international fund transfers depend on its messaging service for sharing transaction details. In fact, over 11,000 financial institutions in more than 200 countries have integrated SWIFT into their systems for international money transfers.
Ripple CEO underlined that SWIFT has two components, i.e., messaging and liquidity, with the latter being owned by banks. He said he cared less about messaging and more about liquidity. If Ripple drives all the liquidity, it's good for XRP, he added.
Garlinghouse's bet on XRP occupying 14% of the SWIFT market share by 2030 is rather ambitious. But his hope lies in the fact that the traditional payments system is often criticized for its slow speed that takes 1-5 days to settle transactions. XRP, on the other hand, settles transactions within seconds. It's also cheaper than SWIFT.
However, the decades-old SWIFT is still the dominant player in cross-border payments, and XRP is merely a new entrant.
XRP itself has had a turbulent history, as the Securities and Exchange Commission (SEC) deemed it a security and filed a securities violations case against Ripple in December 2022. The case went on for years and is now nearing a settlement as Donald Trump has assumed the office of the White House.
As per Kraken, XRP was trading at $2.32 at the time of writing.
XRP wants to target 14% of SWIFT market by 2030, Ripple CEO says first appeared on TheStreet on Jun 11, 2025
This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared.
