Ripple's SWIFT Ambition Sparks Debate Over XRP Adoption
Ripple's ambition to take on SWIFT in cross-border payments has been acknowledged by Dan Morehead, founder and CEO of Pantera Capital. However, this recognition does not necessarily translate to XRP's adoption as a settlement token.
Morehead made the comment during an interview with CNBC News, where he discussed various blockchain use cases shaping the industry. He described Ripple's SWIFT ambition as one of several major use cases, but noted that it is not a guaranteed takeover of the network banks rely on for cross-border messaging.
Ripple has been building infrastructure to offer faster and cheaper settlement alternatives to correspondent-banking chains. However, its platform supports multiple assets, including RLUSD, USDC, USDT, and fiat, with XRP being one option among several in the payment flow.