?? DESCRIPTION

Finance expert Patrick Bet-David has identified XRP as a potential replacement for the SWIFT system during a recent episode of the PBD Podcast. Bet-David, along with Tom Ellsworth and Brandon Aceto, discussed the potential for blockchain technology to revolutionize global payments. Ellsworth pointed out that outdated systems like SWIFT could be replaced by more efficient alternatives, similar to the transition from LIBOR to SOFR. Aceto emphasized SWIFT's vulnerabilities in terms of speed and cost, suggesting that blockchain solutions like Ripple could disrupt its operations.Bet-David also referenced discussions from March 2025, where analysts predicted XRP might capture a significant portion of SWIFT's $5 trillion daily transaction volume. In response to these challenges, SWIFT announced plans to develop a blockchain-based shared ledger system at the Sibos Conference in Frankfurt.

RLUSD+0.01%XRP+0.73%

Source:Show Original

Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.

You may also like

• UN Webinar Highlights Ripple and Stellar in Future Global Payment System2026/05/23 09:42
• Ripple Sponsors SwissHacks 2026 to Boost XRP Ledger Innovations2026/05/23 02:43
• Trump Executive Order Could Open Fed Payment Access for Crypto Firms2026/05/23 02:17
• Ripple's GTreasury Joins SWIFT Directory, Signaling Institutional Finance Shift2026/05/21 09:22
• Ripple Partners with Project Eleven to Bolster XRPL Quantum Security2026/05/21 08:28

This detailed match analysis covers key moments, player performances, and tactical insights. Download the full report in PDF format.