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Did Swift Just Make Ripple/XRP Irrelevant!?!?!? *MY HONEST TAKE*

#Cryptocurrency
2025-10-20 17:1610 min read

Content Introduction
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The video discusses the recent announcement by Swift regarding the launch of its own distributed ledger, questioning whether Swift's advancement threatens Ripple and its cryptocurrency XRP. The speaker believes that Swift is trying to catch up with Ripple rather than eliminating it as a competitor. They emphasize that Ripple continues to provide essential liquidity and will play a critical role in future global financial transactions, operating effectively as a bridge currency. The specifics of the Swift announcement are analyzed, including its implications for interoperability among financial systems and the potential for XRP to coexist alongside Swift’s initiatives. The video further explores the shifts in the global monetary system, suggesting that the demand for a stable, decentralized financial solution will increase, affirming that Ripple and XRP still possess significant value in this evolving landscape.

Key Information

  • Swift announced the facilitation of their own distributed ledger in collaboration with 30 major financial institutions, raising questions about its impact on XRP and Ripple.
  • The speaker believes that this move by Swift does not signal the demise of XRP; rather, it indicates that Swift is catching up with Ripple in terms of technology.
  • Ripple's unique positioning as a liquidity provider using XRP is seen as a valuable asset that remains relevant despite Swift's new announcement.
  • The conversation includes an assertion that the global monetary system is evolving and that XRP could play a role in this shift, particularly in maintaining liquidity across currencies.
  • Lastly, the discussion touches on the idea of a multipolar world where multiple currencies can coexist without being controlled by a single entity, and XRP's potential to contribute to this new structure.

Timeline Analysis

Content Keywords

Swift

Swift has announced the introduction of its own distributed ledger in collaboration with over 30 major financial institutions, raising questions about its impact on Ripple and XRP in the competitive digital payments landscape.

XRP and Ripple

The commentary suggests that Swift's move to create a distributed ledger does not threaten the existence of Ripple or XRP, with Ripple's positioning in the market as a viability for future liquidity needs remaining intact.

Blockchain Technology

Swift's addition of blockchain technology aims to facilitate faster transactions and maintain competitiveness in the digital finance sector, indicating a potential catch-up to Ripple's existing capabilities.

Market Position

Swift is viewed as trying to catch up to Ripple, with the commentary emphasizing that Ripple's market strategy remains strong, potentially positioning XRP as a significant player in the future monetary system.

Financial Institutions

The announcement by Swift involves collaboration with numerous financial institutions to develop a shared ledger, which highlights the ongoing evolution within the global financial infrastructure.

Future of Currency

The discussion refers to the potential shift in global monetary systems, indicating that the US dollar may not remain the sole reserve currency as XRP and other digital assets could play crucial roles in future transactions.

Interoperability

The comments include a focus on interoperability between different blockchain systems as essential for the future of cross-border transactions, particularly for Ripple's XRP technology.

Swift's Competitiveness

Swift's competitive stance is identified as a necessity for progress in digital payments, while XRP is believed to maintain its unique advantages in liquidity provision.

Regulatory Environment

The conversation also highlights the significance of the regulatory environments shaping the adoption of digital currencies and the necessity for comprehensive solutions across various financial networks.

Digital Finance Innovation

The overall sentiment suggests that competition and technological advancement will drive innovation in digital finance, with both Swift and Ripple influencing future progress.

Related questions&answers

What is the impact of Swift's announcement on XRP?

Swift's announcement does not mean that XRP is killed. In fact, it confirms Ripple's position as a competitor, and I believe it affirms the importance of XRP in the financial system.

Is Swift playing catch-up with Ripple?

Yes, Swift is very much playing catch-up with Ripple and XRP in terms of adopting distributed ledger technology.

Will Swift's new distributed ledger affect Ripple's adoption?

No, I don't think Swift's announcement will affect Ripple's adoption in any major way. The need for a bridge asset like XRP remains.

What do experts say about the future of world reserve currencies?

Experts believe we are moving towards a multipolar world where many currencies could coexist as reserve currencies, rather than just relying on the US dollar.

How does XRP facilitate global transactions?

XRP is seen as a liquidity provider, enabling efficient international transactions by acting as a bridge currency.

What is the importance of interoperability in banking systems?

Interoperability allows different financial systems and ledgers to work together, which is essential for enabling seamless transactions across borders.

Do banks still rely on traditional systems?

Many banks are still using traditional systems, but there's a growing interest in adopting new technologies like blockchain and digital assets.

Will XRP remain relevant in the future financial ecosystem?

Yes, XRP is expected to remain relevant as it continues to fulfill its role as a bridge asset in a new financial environment.

What challenges do cryptocurrencies face in gaining acceptance?

The main challenges include regulatory hurdles, competition with established currencies, and the need for a shift in the global monetary system.

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