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Market Analysts: XRP Can Achieve Global Adoption Without SWIFT, With 13,000+ Bank Partnerships

GateNews
Partnerships & EcosystemMarket Analysis
XRP-1.28%
According to market analysts, XRP doesn't need SWIFT to achieve global adoption, following SWIFT's announcement that its blockchain-based shared ledger is ready for initial deployment. Market commentator X noted that Ripple has already built an extensive financial network with access to more than 13,000 banks and financial institutions worldwide. Instead of relying on SWIFT's correspondent banking model, Ripple's blockchain infrastructure aims to deliver faster, cheaper, and more efficient cross-border payments. Computer engineer CharuSan echoed this view, stating that XRP's ability to thrive independently is one of its strongest long-term advantages. XRP Ledger validator Vet advised focusing on measurable progress within the XRP Ledger itself, including network security enhancements, native on-chain lending, stablecoin ecosystem expansion, and foreign exchange capabilities, which strengthen the network's real-world utility.
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