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This Ripple CEO’s Interview About SWIFT Excites XRP Army
In a recent interview with Maria Bartiromo on Fox Business, Ripple CEO Brad Garlinghouse made some comments that have sent shockwaves through the crypto community and have excited the XRP army. The CEO’s statements suggest that Ripple is not only looking to replace SWIFT in cross-border payments but could potentially displace it altogether.
During the interview, Garlinghouse pointed out the inefficiencies of the current global payment infrastructure, stating that trillions of dollars are still being transferred across borders using a system that is over 50 years old. He emphasized that this outdated technology is due for modernization and highlighted the massive market opportunity for Ripple’s solutions in regions like Japan.
While some may argue that Ripple has already dismissed rumors of working with SWIFT, Garlinghouse’s statements suggest otherwise. Instead, he sees an opportunity to revolutionize the cross-border payments space and create a superior alternative to the legacy network.
Interestingly, Garlinghouse also acknowledged the shift in regulatory landscapes under the Trump administration. He emphasized that regulatory challenges have slowed progress for Ripple in the past but has now become more open-minded due to Trump’s presidency. This change has opened up new opportunities for the company.
Ripple is not just resting on its laurels; instead, it is pushing forward with the integration of blockchain-based solutions into the financial system. Garlinghouse stressed that this shift will take time, citing a 10-20 year timeline, but emphasized the transformative potential of Ripple’s technology.
The CEO also highlighted the impact that the shift in the US market has had on their progress, stating that “the resistance to innovation is weakening.” He believes this change could have far-reaching implications for XRP and its potential for growth.
It remains to be seen whether Garlinghouse’s comments come to fruition. However, one thing is certain – the crypto community is buzzing with excitement about the potential of Ripple’s technology in revolutionizing cross-border payments and financial systems worldwide.
Source: https://timestabloid.com/this-ripple-ceos-interview-about-swift-excites-xrp-army/
