It’s a big day for the XRP holder community, as Ripple’s boss Brad Garlinghouse is getting ready to deliver a historical speech at the United States Senate. Preceding the speech on July 9, 2025, Brad Garlinghouse took to X to reveal the transcript, so that everybody could get a glimpse on the meaning behind it.
XRP Grabbing a Piece Of SWIFT’s $155T?
The committee is also introduced to the decentralized nature of the XRP Ledger, but also stressed the compliance-first approach that Ripple has chosen in order to bolster adoption. Cooperation with policy makers & regulators has borne fruit in over 60 payment service, crypto & money transmitter licenses across the globe.
In summary, the speech delves into how blockchain enables Ripple to fulfill the Internet of Value, moving money in the same way as information does today. The significant progress is evident in the multi-billion dollar transaction volume per day, as XRP Ledger reduces friction in otherwise cost-effective transactions between borders.
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Presently, the cross-border transfer market is worth around $155 trillion, while Ripple (XRP) is set to grab a piece of this pie in at least a few different ways. For instance, SWIFT could be integrating XRP Ledger for future payments, as it meets the rising demand for immediate settlement.
However, Brad Garlinghouse previously insisted that Ripple sees SWIFT as competition. Falling in line with the positive headwinds in the legal department, Ripple vs. SWIFT could turn out to be an intriguing battle between a 50-year old trusted ecosystem and a cutting-edge technology provider.
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People Also Ask:
XRP is Ripple’s cryptocurrency for fast, low-cost global payments via blockchain, like a starry rocket for transfers.
SWIFT is a bank messaging network for cross-border payments, slow and costly like an outdated satellite.
XRP’s 3-5 second, near-free transactions outshine SWIFT’s 2-5 day, $20-$50 fees, with CEO Brad Garlinghouse pitching to the U.S. Senate today (July 9, 2025) that XRP could capture 14% of SWIFT’s $155T market by 2030.
XRP moves money directly on the XRP Ledger, bypassing SWIFT’s bank intermediaries, like a cosmic express lane.
XRP may not fully replace SWIFT but could revolutionize finance with its efficiency, as Garlinghouse argues in his Senate testimony today.
