- XRP could potentially replace SWIFT because it offers fast, low-cost transactions and continues to gain adoption among financial institutions.
- Pundit Stellar Rippler argues that XRP could reach $1,000 if it captures a significant share of global payment and derivatives markets.
XRP: A Potential Replacement for SWIFT
Stellar Rippler (@StellarNews007), a well-known figure in the XRP community, recently laid out a compelling case for XRP potentially reaching a $1,000 valuation. Unlike mere speculation, Stellar Rippler builds this argument on XRP’s real-world utility, extensive partnerships, and potential to revolutionize global payments.
Replacing SWIFT and Unlocking Trapped Capital
Ripple designed XRP to facilitate faster, cheaper cross-border payments, making it a viable alternative to the traditional SWIFT network. As highlighted by 101 Blockchains, XRP can settle transactions in seconds for a fraction of a cent, compared to SWIFT’s days-long process with higher fees.
Stellar Rippler argues that if XRP captures just 10% of SWIFT’s massive $5 trillion daily volume, its value could range between $27 and $50. Additionally, the $27 trillion cross-border market dominated by legacy systems could further push XRP’s price to $80-$100 if the asset seizes even a small share of this market.
Banking Licenses and Institutional Expansion
Stellar Rippler also emphasizes the transformative impact of a potential Ripple banking license. Such a license could position XRP as a native asset within an on-chain financial system, giving Ripple direct access to central banks and global lending infrastructure. This could push XRP’s price beyond $100 due to increased utility.
Global Adoption and Derivatives Market Integration
Ripple’s partnerships with over 40 central banks, along with its involvement in initiatives linked to the IMF, BIS, and World Bank, are highlighted as significant drivers. Stellar Rippler believes that if XRP becomes the standard bridge asset for these initiatives, its value could range from $250 to $500.
The most ambitious scenario involves XRP’s integration into the global derivatives market. With Ripple’s association with the International Swaps and Derivatives Association (ISDA), Stellar Rippler suggests that if XRP handles just 0.1% of this $1 quadrillion market, a $1,000 valuation is achievable.
Overcoming Barriers: Regulatory Clarity is Key
Stellar Rippler acknowledges that regulatory uncertainty has suppressed XRP’s value. However, he insists that adoption could accelerate rapidly once clarity is achieved.According to him, it is not a question of “if” Ripple will reach $1,000, but “when.”
