Ripple's Tech Stack Wins Over SWIFT-Linked Corporate Flows
Ripple is making strides in its ambitious goal to become a key player in the global payment system, with its technology stack being trusted by big-time SWIFT-linked corporate flows.
The company's ODL (On-Demand Liquidity) and RippleNet Payments systems are allowing different types of digital assets to be used and swapped with local fiat currencies.
Ripple Lab's CEO Brad Garlinghouse has pegged the enterprise opportunity at around $120 trillion in corporate treasury payments, which is a significant increase from last year's $13 trillion processed by GTreasury, a company acquired by Ripple.
The $155 trillion market mentioned in the article refers to SWIFT's annualized trading volume, and Ripple's cooperation with SWIFT in the ISO 20022 compliance framework has sparked hopes of further adoption.