Garlinghouse: Ripple Can Work With SWIFT

Ripple CEO Brad Garlinghouse has clarified the company's stance on working with SWIFT, stating that there are 'real ways' for Ripple and XRP to collaborate. In an interview, Garlinghouse discussed SWIFT's GPI initiative, which he described as a meaningful advance after four decades of correspondent banking. However, he noted that the system has limitations and requires a complete upgrade rather than just incremental fixes.

Garlinghouse used the analogy of moving from a 'horse and buggy' to a 'Ferrari' to emphasize the need for a fundamental transformation in cross-border payments. He also clarified his previous statement about potentially replacing SWIFT, saying that Ripple aims to work with the system rather than replace it.

The CEO's comments suggest that Ripple is open to partnerships and collaborations, which could have significant implications for XRP holders. With major Korean bank reports suggesting a switch from SWIFT to Ripple after a recent partnership, investors are taking notice of Garlinghouse's words.