- Trump’s remarks boost XRP as Ripple threatens SWIFT’s global dominance.
- Banks struggle to resist Ripple’s rise amid outdated financial systems.
- Analyst links Ripple and XRP to Trump’s blockchain-driven financial vision.
President Donald Trump’s recent remarks on the outdated state of the United States’ financial system have sparked growing excitement in the XRP community. He identified the technical backbone of the financial system as decades out of date and spoke of the necessity of a 21st-century upgrade driven by crypto technology.
Trump did not directly refer to Ripple, but his verbiage is consistent with the company’s mission. The XRP ledger created by Ripple aims to enable fast and inexpensive transactions, a convenient alternative to slow and costly processes still employed to send money abroad.
Banks Confront Ripple’s Growing Influence
According to Rupert from All In Crypto, speaking on the Paul Barron Podcast, banks have fought “tooth and nail” against innovations like stablecoin yields. These products enable customers to earn interest on digital dollars and directly compete with savings accounts. He described that banks are afraid of such changes, as they erode the long-standing revenue models.
Ripple’s technology, however, is becoming increasingly difficult to ignore. Critics observe that the conventional system does not fit the needs of the modern financial industry, and Ripple offers a quicker and less expensive system of cross-border transactions.
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SWIFT Faces Its Biggest Challenge
Ripple’s potential disruption is most visible against SWIFT, the global payments system that has dominated for over fifty years. SWIFT has been accused of being slow, expensive, and outdated. BlackRock CEO Larry Fink even compared relying on SWIFT to sending emails through the postal service.
Ripple’s model is meant to address such weaknesses. The XRP Ledger permits transactions to be settled in seconds and can support the liquidity needed by large-scale use. Analysts indicate that Ripple can substitute a significant portion of the SWIFT infrastructure if financial institutions accept it.
Analyst Connects Ripple to Trump’s Financial Vision
A recent post on X by financial analyst Pumpius (@pumpius) gained attention after connecting Trump’s agenda with Ripple’s role. The analyst indicated that not only Ripple but also the XRP would strategically coincide with the administration’s plans to reorganize financial control with blockchain systems.
Trump has denounced institutions, including the Federal Reserve, SWIFT, and Wall Street, on multiple occasions during his second term in office. Pumpius said that illegalizing these established systems would create a neutral, ultra-fast, and scalable liquidity system. XRP, he pointed out, would be able to provide that by being fast and flexible.
A Turning Point for Global Payments
Growing recognition from political leaders and global banks indicates that blockchain adoption is moving from discussion to reality. Although making daring forecasts concerning the price of XRP attracts lots of publicity, according to Rupert, the most important thing is that Ripple can pose a challenge to traditional financial institutions.
The combination of Trump’s comments and the growing number of articles associating Ripple and its XRP with the United States’ financial aims has been putting XRP in the limelight. As traditional systems face rising criticism, Ripple’s challenge to SWIFT looks increasingly difficult to dismiss.
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