What to know:
- Ripple’s own Brad Garlinghouse, in a moment of champagne-fuelled bravado, claims XRP may well snatch 14% of SWIFT’s global satin purse for cross-border payments within five absurdly short years.
- Garlinghouse, displaying the bullish enthusiasm of a gambler at Ascot, says XRP isn’t just passing notes at the financial cocktail party—it’s providing the gin. In short: it’s all about liquidity, darling.
- Ripple’s technology promises to convert your currency faster than you can say “Reginald, fetch the Bentley,” freeing banks from the dreary business of hoarding foreign wads and letting transactions arrive with the punctuality of a Swiss train conductor on a third espresso.
SINGAPORE — In the glittering confines of the XRP APEX 2025 soirée, where cocktails are plentiful and ambition positively shimmered, Ripple CEO Brad Garlinghouse declared his latest wager: XRP could seize 14% of SWIFT’s global traffic for cross-border payments—giving those banking gentlemen in Zurich something to choke on over breakfast.
Addressing an audience more optimistic than a dog with a new bone, Garlinghouse entwined XRP’s fate with real, actual utility—and not just the sort that’s discussed over terribly slow golf games.
“There’s messaging, and then there’s liquidity,” Garlinghouse quipped. “The former is all polite conversation. The latter? That’s who actually brings the cash to the party. If you control the liquor cabinet, you rather set the tone, don’t you? Five years—14%. Jot it down.”
For decades, SWIFT has dominated the global finance ballroom, dutifully relaying messages about money from one bashful bank to another but pointedly refusing to actually handle the precious cargo itself. Transatlantic cash? Don’t hold your breath, darling—it’ll be there tomorrow, or perhaps next week if it feels like it.
Ripple, on the other hand, has sauntered in suggesting that maybe—just maybe—it could waltz right past the telegram boy and deliver the parcels itself (with a blockchain flourish). No more waiting for five intermediaries to fish through desk drawers for your transfer. A transaction, not a treasure hunt. Heaven forbid. 😏
With XRP tangoing as the bridge currency, your dollars become euros, your euros become rupees, faster than one can misplace an heirloom at a Mayfair auction—freeing banks from the ghastly chore of parking small fortunes abroad.
If this all seems rather ambitious—well, so was the moon landing, darling. And look where that got us. 🚀💸
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2025-06-13 13:30