Ripple CEO Says SWIFT Architecture Is Outdated, Believes XRP Will Usher In New Era

Ripple CEO Brad Garlinghouse has expressed his view that the SWIFT banking network is outdated and needs modernization.

In a recent interview on FOX Business, shared by crypto analyst AllinCrypto, Garlinghouse emphasized that the current financial infrastructure is still heavily reliant on SWIFT, a system that has been in place for decades.

He pointed out that the cross-border payments market involves trillions of dollars in transactions and that new technologies can enhance efficiency.

Garlinghouse explained that despite the slow pace of change, the opportunity to modernize financial systems is significant. He stated that government resistance to innovation in the United States has historically hindered progress. However, he noted that this situation is shifting, which he attributed to what he called “the Trump effect.”

The Impact of the Trump Administration on Crypto Adoption

According to Garlinghouse, President Donald Trump’s reelection has substantially impacted the cryptocurrency and blockchain sector. He stated that market conditions have already reflected this shift and expects further advancements in the adoption of emerging financial technologies. He pointed out that Ripple has experienced a surge in business activity within the United States since Trump’s election.

Garlinghouse revealed that in the six weeks following Trump’s victory, Ripple secured more deals in the U.S. than in the prior six months. He described this as a significant shift and suggested that many people have underestimated the scale of change that is now underway.

He predicted that blockchain and cryptocurrency technologies will play a long-term role in transforming financial infrastructure, not just in payments but also in real estate and securities transactions.

The Future of Ripple and Financial Innovation

Garlinghouse highlighted that Ripple is already seeing increased domestic interest, marking a departure from when much of its growth came from international markets. He believes that this trend will continue as the U.S. regulatory environment evolves.

Garlinghouse expects financial technology innovations to unfold over the next decade or more. He indicated that these advancements will fundamentally reshape how transactions are settled across multiple industries. While acknowledging that progress takes time, he remained confident that the U.S. financial system is now “unlocked” and on a path toward widespread modernization.

His comments reflect a broader expectation that blockchain-based solutions, including those leveraging XRP, will gain traction as businesses and institutions seek more efficient alternatives to legacy financial systems.

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.

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