Will XRP Replace SWIFT? Garlinghouse of Ripple Shares

In a powerful video clip shared by Levi of Crypto Crusaders, Ripple's CEO, Brad Garlinghouse, made a profound criticism of the traditional SWIFT banking network, emphasizing the increasing role of XRP as a modern solution. "I am always amazed, SWIFT is reported to have an error rate of 6%," Garlinghouse said, highlighting the inefficiency of this global payment system that has been in place for decades. Garlinghouse did not stop there. "We have a supervisor on the board, who is the chief financial officer of a Fortune 50 company," he explained. "He told us that in their experience, when conducting many cross-border transactions, they see an error rate of 11%." This error rate is not only alarming but also unacceptable in an era that demands speed, transparency, and high accuracy. Human Error, Delays, and Increasing Costs Although these errors are often fixable, Garlinghouse pointed out that relying on manual intervention will slow everything down. "This doesn't mean they can't be fixed," he said, "but it requires human intervention, and this slows everything down, and there are clearly costs involved." According to the SWIFT model, payments must go through multiple correspondent banks, each of which carries the risk of encountering issues and delays. This results in high transaction fees, instability in payments, and inefficiencies that Ripple believes should not exist in a digitally connected global economy. 10 Trillion USD Liquidity Trap Garlinghouse continues to emphasize what he describes as the most serious weakness of SWIFT: the global liquidity trap. "The biggest issue is the liquidity trapped in the inherent nature of cross-border banking networks and correspondent banking," he said. "We have seen estimates from major consulting firms indicating that 10 trillion dollars are trapped in accounts worldwide, just to support the current correspondent banking infrastructure." This idle capital, locked in Nostro and Vostro accounts, is essentially frozen. It cannot be used effectively as it needs to support legacy systems. According to Garlinghouse, "If we can improve its efficiency, [we] could significantly change the economy of many different payment companies and banks." Ripple's Mission: Replace, Not Collaborate With SWIFT Unlike other blockchain companies that are trying to integrate with legacy systems, Ripple's strategy is bold and unreserved. "We do not partner with SWIFT, we simply replace them," Garlinghouse stated in a previous announcement, and his latest remarks further reinforce this position. Through RippleNet and the On-Demand Liquidity system (ODL), supported by XRP, the company is enabling institutions to bypass pre-funded accounts and make international payments in just a few seconds. The efficiency, accuracy, and liquidity optimization that XRP provides are in stark contrast to the slow and error-prone framework of SWIFT. XRP Ready to Redefine Global Payments Brad Garlinghouse's remarks, shared by Levi of Crypto Crusaders, painted a clear picture: Ripple is not only changing the global financial system but is also redefining it. By addressing the core issues of SWIFT, error rates, delays, and trapped liquidity, Ripple positions XRP as the backbone of the future of international payments. As the adoption increases and global organizations increasingly seek faster, cheaper, and more reliable solutions, XRP's role as an alternative to SWIFT is not only feasible but also inevitable.