- Morgan Stanley highlights Ripple as cost-saving SWIFT alternative for banks.
- XRP enables faster cross-border settlements with improved liquidity efficiency.
- SWIFT explores blockchain pilots while Ripple strengthens global payment presence.
According to SMQKE, a crypto researcher recognized for market insights, an excerpt from the Review of Banking & Financial Law, Volume 36, has reignited debate on Ripple’s role in international payments. The passage, referencing Morgan Stanley, detailed how Ripple could transform settlement systems and reduce costs for banks and remittance providers.
According to an excerpt, financial institutions operating on the Ripple network will be able to reduce the cost of payment processing by as much as 60%. These savings directly contribute to the value that remittance recipients receive, thereby making the technology appealing for cross-border use.
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Even Morgan Stanley identified Ripple’s distributed ledger as a potential substitute for SWIFT’s long-established infrastructure. The assessment elaborated that a Ripple-like structure would cut short settlement times, enhance transaction speed, and alleviate the risk of fraud. These advantages put Ripple in an impressive position in international finance.
Ripple and XRP’s Expanding Function
Ripple’s network is powered by XRP, which provides liquidity and acts as a bridge between currencies. This design allows easy transfers across borders without pre-funded accounts, freeing capital with banks and promoting transactions.
Recognition from a major institution strengthens Ripple’s credibility and signals broader adoption possibilities. Ripple’s settlement of its dispute with the US SEC has refocused attention on its technology and market potential.
Morgan Stanley’s Analysis and Industry Outlook
Morgan Stanley, one of the world’s largest financial institutions, described Ripple’s model as a leading international payment alternative. The excerpt highlighted the need to cut expenses, make faster payments, and enhance anti-fraud measures, which are consonant with contemporary finance’s requirements.
Ripple has supported its approach through On-Demand Liquidity corridors and supported the RLUSD stablecoin, which is aimed at enhancing settlement procedures under global control. It is in this infrastructure that analysts believe XRP can seize a piece of the SWIFT market.
Although some experts suggest that XRP can coexist with SWIFT rather than being substituted, current blockchain pilots indicate that alternative systems are also being considered. This is indicated by interest on both sides, by banks and payment providers in particular, in that Ripple solutions are being seen as complements to current frameworks.
Conclusion
Morgan Stanley’s recognition, highlighted in SMQKE’s post, reflects growing acknowledgment of Ripple’s potential to streamline international payments. By addressing costs, settlement times, and liquidity, Ripple and XRP are positioned as credible solutions within the evolving financial landscape.
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