When CNBC reported that Ripple (XRP) is aiming at SWIFT.

crypthub

1 day ago

Institutional Narrative Shift

Mainstream financial media are now openly discussing crypto projects as competitive forces. A CNBC segment quoted by John Squire stated that Ripple is “going after SWIFT,” marking a rare acknowledgment. This comment reflects traditional finance’s growing awareness of emerging threats. It signals a subtle but notable change in how institutions view Ripple.

CNBC’s Rare Comparison

Analysts seldom liken crypto firms to legacy infrastructure on live TV. By placing Ripple alongside SWIFT, CNBC highlighted discussions already occurring in banking circles. The comparison would have been unlikely a few years ago. It shows Ripple is being considered a strategic peer rather than a niche player.

Why SWIFT Remains the Benchmark

SWIFT handles trillions of dollars but relies on intermediaries, delayed settlement, and manual reconciliation. These inefficiencies drive banks to seek faster, transparent alternatives. Ripple’s technology offers near‑instant settlement and real‑time liquidity. Such advantages make Ripple a credible challenger in cross‑border payments.

XRP’s Central Role

XRP is designed as a bridge asset to provide liquidity without pre‑funded nostro accounts. This positions it at the core of Ripple’s vision to modernize global payments. The CNBC remark was matter‑of‑fact, indicating mainstream acceptance of blockchain solutions. It marks a shift in perception that legacy systems may no longer dominate the payments landscape.