Quick overview

Live XRP/USD Chart

---

Morgan Stanley recently acknowledged that Ripple (XRP) could be the leading alternative to SWIFT, emphasizing the demand for faster transactions, particularly in cross-border payments. Market observers have noted a passage from Volume 36 of the Manhattan-based financial giant’s review.

Ripple’s (XRP) Ledger technology is recognized for its ability to lower processing costs by 60%.

Furthermore, the Morgan Stanley report indicates that if XRP is accepted as the default bridge currency, the design of the XRP Ledger could free up bank capital and eliminate the necessity for pre-funded fiat accounts. Experts at Morgan Stanley predict that if a ripple-based exchange-traded fund (ETF) is launched this year, market liquidity could increase by $1 trillion.  Brad Garlinghouse, the CEO of Ripple, is optimistic, forecasting that Ripple could capture 14 percent of SWIFT’s market share.

The question still stands: will the XRP Ledger disrupt the status quo?

On the other hand, SWIFT’s Chief Innovation Officer recently downplayed Ripple Labs’ recent legal victories, stating that “surviving a lawsuit isn’t resilience.” He emphasized that the shared governance model is neutral and that institutions do not wish to operate on the same level as their competitors.

Ultimately, it won’t be clear until at least November 2025 how SWIFT’s tests of XRP and HBAR blockchain will turn out. Notably, this coincides with the date of several pending Ripple ETF applications, the approval of which could significantly eliminate legal barriers.