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Ripple Sets $30 Trillion Target for XRP Cross-Border Payment Volume
Ripple has set its sights on a massive target, aiming to capture 20% of SWIFT’s enormous transaction volume through the use of XRP. This newfound ambition would see $30 trillion in annual value flow through the XRP Ledger, a staggering sum that would revolutionize the global payments landscape.
In recent projections, Ripple CEO Brad Garlinghouse predicted a more modest 14% share, equivalent to approximately $21 trillion annually within five years. However, this updated goal marks an ambitious shift in strategy and potential for growth. The target represents a significant increase from previous estimates and underscores the company’s growing confidence in XRP’s ability to compete with traditional payment systems.
The massive size of this market presents both opportunities and challenges for Ripple. On one hand, it would solidify XRP’s position as a leading force in global transactions. On the other, the sheer scale requires significant infrastructure development and integration efforts.
SWIFT currently handles $150 trillion in cross-border transactions annually, making this target an impressive step forward. The ability to process transactions with unprecedented speed, at minimal cost, and on a massive scale has made XRP an attractive solution for institutions seeking efficiency improvements.
As the payment landscape continues to evolve, it is crucial to stay informed about the developments that impact the industry.
Source: blockonomi.com
