John Squire (@TheCryptoSquire), a popular crypto influencer on X, shared a clip from an interview between Maria Bartiromo and Ripple CEO Brad Garlinghouse on Fox Business. Squire expressed his excitement at Garlinghouse’s comments, suggesting that XRP could soon displace SWIFT in the cross-border payments market. He framed it as the beginning of a financial revolution, pointing to faster, cheaper, and more reliable cross-border payments powered by Ripple’s technology. XRP’s Global Market Opportunity Garlinghouse focused primarily on the inefficiencies of the current global payments infrastructure. He drew attention to trillions of dollars flowing across borders daily, adding that this flow is still “largely dominated by the SWIFT network.” He described SWIFT as a system built on technology that is now 50 years old and argued that the world is overdue for modernization. According to him, the market opportunity is massive, especially in regions like Japan, where adoption is still unfolding. Experts recently debunked rumors that Ripple is working with SWIFT. Garlinghouse’s comments suggest the company is looking to replace the legacy network and provide a superior cross-border payment system. Trump’s Positive Effect on the Crypto Market Garlinghouse highlighted a shift in the domestic regulatory and business environment that has led to a spike in U.S.-based activity for Ripple. “These six weeks after President Trump was elected, we signed more deals in the United States than we had in the previous six months,” he said. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Under the Trump administration, the U.S. Securities and Exchange Commission (SEC) agreed to dismiss its lawsuit against Ripple . Garlinghouse acknowledged that regulatory challenges in the U.S. had slowed progress in the past, but stated that the resistance to innovation is now weakening thanks to “The Trump effect.” A Long-Term Transformation Garlinghouse stressed that while the shift is beginning, fully integrating blockchain-based solutions into the financial system will take time. He cited a broad range of applications, suggesting that the transformation of these markets would play out over the next 10 to 20 years. The CEO also clarified that the U.S. market is now unlocked thanks to Trump’s victory and his administration’s new pro-crypto stance. He added, “I think people are underestimating how big that change is.” Garlinghouse made similar comments after the SEC withdrew its lawsuit. After years of fighting for the freedom to innovate, Ripple can now push the financial system forward through XRP. He predicted that the impact of this shift would become more apparent as the year progressed. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post This Ripple CEO’s Interview About SWIFT Excites XRP Army appeared first on Times Tabloid .
