A well-known crypto analyst has sparked renewed interest in XRP following claims that the digital asset is set to replace SWIFT permanently. In a detailed video titled “XRP in 17 Minutes,” the commentator, known as Tallguytycoon, outlined how XRP’s unique design and functionality could solve major problems in global money transfers.
According to the analyst, current cross-border payment systems are burdened by inefficiencies. Networks like SWIFT and MoneyGram depend on multiple intermediary banks to move funds between countries, especially when the banks involved do not share a direct relationship. This adds unnecessary delays, costs, and complications.
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With XRP, direct payment can be made without using numerous third parties. XRP Ledger settlements only take under five seconds to process, making them both efficient and low-cost. The analyst believes that the benefits of XRP could attract financial companies worldwide.
Ripple, which is responsible for XRP, invented RippleNet to allow money transfers as easily as information can move across the internet. Through XRP, banks can take their local money, change it to XRP, transfer it internationally, and immediately get the money back in the destination currency.
So, a self-service model allows for purchases without saving any money upfront and provides swift access to the needed supplies.
XRP Ledger Structure and New Enterprise Tools Drive Confidence
The XRP Ledger operates through a decentralized structure of validators. These validators agree on transactions using a system called the Unique Node List. When 80 percent or more reach consensus, the transaction is confirmed and added to the ledger.
This framework ensures reliability and transparency while supporting institutional use. In addition to speed and cost benefits, Ripple is advancing its ecosystem with new tools like RLUSD, a U.S. dollar-backed stablecoin.
As a result, enterprise payments can be supported, and XRP is moving closer to being adopted in central digital financial systems involving tokens and blockchain bridges.
According to Tallguytycoon, XRP has significance apart from just being a speculative asset. It mainly helps address issues that have troubled the financial industry for a long time. He highlighted that, just like the internet, this change in finance develops over time and eventually becomes commonplace.
XRP is being noticed as a potential and stable substitute for SWIFT. With real-time settlement, reduced costs, and expanding institutional use, analysts see XRP as a long-term fixture in the future of global finance.
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