Will the SWIFT system ever be replaced by XRP?

I know that it's an old claim that XRP was going to replace SWIFT.
However I think that it's a false assumption to say that because it didn't happen in the last 5 years, it is bound to never happen.

Ripple has survived all court cases and is the only altcoin with regulatory clarity. To me it makes sense that all these regulatory issues delayed the growth of XRP. But it seems evident to me that SWIFT is outdated, and eventually will have to be replaced by a crypto currency. SWIFT is slow and expensive. XRP seems to resolve a lot of these issues, but I think it is not the only competitor to replace SWIFT.
However, I don't think those competitors have regulatory clarity. The CEO of Ripple stated to have many non disclosure agreements with banks all over the world. I don't know why so many people ignore this, and label XRP a dying altcoin. If XRP gets to replace SWIFT, I think it will happen overnight with the banks buying up all tokens before any of this information gets out.

 

[EMMANUEL]

One major hurdle is the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Additionally, the entrenched nature of the SWIFT system and regulatory hurdles make a complete replacement unlikely in the near future.

 

[Nomad]

I don't see XRP alone replacing SWIFT but I think Bitcoin will continue to build trust and one day will become one of the most used tool for cross boarder transaction.

 

[jennywhite]

Well, I think it’s possible that XRP could play a significant role in the future of global payments, but replacing SWIFT entirely seems unlikely for now. However, with Crypto Payment Integration becoming more widespread, XRP could really offer a strong alternative for faster and cheaper cross-border transactions in the long run. But it's also important to remember that other competitors also exist, but they lack that clarity, IMHO.

 

[jasimi]

I know that it's an old claim that XRP was going to replace SWIFT.
However I think that it's a false assumption to say that because it didn't happen in the last 5 years, it is bound to never happen.

Ripple has survived all court cases and is the only altcoin with regulatory clarity. To me it makes sense that all these regulatory issues delayed the growth of XRP. But it seems evident to me that SWIFT is outdated, and eventually will have to be replaced by a crypto currency. SWIFT is slow and expensive. XRP seems to resolve a lot of these issues, but I think it is not the only competitor to replace SWIFT.
However, I don't think those competitors have regulatory clarity. The CEO of Ripple stated to have many non disclosure agreements with banks all over the world. I don't know why so many people ignore this, and label XRP a dying altcoin. If XRP gets to replace SWIFT, I think it will happen overnight with the banks buying up all tokens before any of this information gets out. how to change srd phone number

XRP replacing SWIFT overnight is highly unlikely. SWIFT is deeply integrated into global banking with over 11,000 institutions relying on it for secure messaging and compliance. While XRP has regulatory clarity, banks prefer control and may lean toward CBDCs or private blockchain solutions. RippleNet already integrates with SWIFT in some cases, suggesting collaboration rather than replacement. Competition from stablecoins and JPMorgan’s Onyx also challenges XRP’s dominance. Banks upgrading their systems is a slow process, and while XRP may play a role in settlements, a full SWIFT replacement is far from guaranteed.