Despite naturally qualifying for the ongoing ISO 20022 global messaging standard roll-out, Ripple’s (XRP) integration with SWIFT is still hanging in the air. Recent calls for collaboration by SWIFT’s officials give XRP, HBAR, XLM & similar DLT chains an advantage over smaller altcoin counterparts, but no place is guaranteed yet.
SWIFT’s Demand Meet XRP’s Supply Shock
In XRP Ledger’s case, the constantly high trading volumes have solidified Ripple’s (XRP) status as a top choice in cross-border transactions, able to handle billions of dollars a day. With SWIFT’s $155 trillion annualized trading volume, the ability to handle bulk transactions in practice with immediate settlement is crucial. But there’s another key factor in play for XRP.
Doubtlessly, market connoisseurs are saying that an XRP supply shock must occur in order for SWIFT to realistically adopt XRP on their rails. The supply shock, potentially inducing the OG altcoin’s scarcity, is needed for one simple & rational reason – to drive the price up. That happens when exchanges slim their reserves as traders move assets to self-custodial wallets.
XRP’s Upper Hand In SWIFT’s Adoption Race
According to DAG Family Office CEO Jake Claver, the missing link in SWIFT & Ripple’s (XRP) potential partnership is XRP’s price appreciation. He cited the ETFs & supply shock as top factors that could drive XRP’s price to triple digits, while payment flows routed through the XRP Ledger can build up the on-demand liquidity needed for a partnership of such a major scale.
A few months back, SWIFT began XRP, HBAR, XLM & several other altcoin testing on their 50-year old ecosystem. With the testing results still pending, it’s clear that Ripple’s native coin is the most expensive in terms of market value out of the three main contenders.
Freshly coming off an all-time high of $3.65 achieved last Summer, XRP’s double-digit, let alone triple-digit price would set off a new precedent, potentially pushing XRP coin’s market cap above Ethereum (ETH) in that scenario.
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People Also Ask:
SWIFT won’t plug into XRP yet. It needs higher liquidity first. Price appreciation is key.
Supply shock drives price up. This boosts liquidity. That’s the qualification for SWIFT integration.
ISO 20022 transition hits 90% adoption early 2026. This standardizes payments. Could enable crypto like XRP.
Ripple CEO says 14% of SWIFT’s volume. That’s from $155T annually. Huge potential for cross-border flows.
