Quick overview

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SWIFT’s activity reportedly decreased by 15%, and activity on the XRP Ledger (XRPL) is rapidly increasing. This shift reflects a quiet but powerful change in the world of payments: faster, cheaper, and blockchain-based settlement via XRP is a powerful alternative to traditional banking infrastructure, and SWIFT has been the foundation of international finance for decades. With over 11,000 financial institutions in more than 200 countries, it has been the most common system for secure messaging between banks.

 

According to XRP Avengers, the reported 15% decline in SWIFT volume could be a sign that trust in traditional financial systems is eroding. For quicker and more affordable settlement, an increasing number of organizations and payment processors are now turning to blockchain-based solutions.

The XRP Ledger, on the other hand, provides a far more effective payment method. There is no need for middle banks; transactions settle in 3–5 seconds, and fees are frequently less than a penny. An increasing number of real-world payment networks are integrating the XRPL due to its native token, XRP, which offers on-chain liquidity.

Brad Garlinghouse, the CEO of Ripple, forecasted at the 2025 Apex XRPL Summit in Singapore that the XRP Ledger might account for 14% of SWIFT’s overall transaction volume in the upcoming five years. More than $21 trillion would be transferred into the XRPL ecosystem, considering that SWIFT handles more than $150 trillion a year.