$XRP Morgan Stanley researcher drew attention, praising Ripple as a suitable alternative to SWIFT.
Salient @SMQKEDQG highlighted this assessment and was published in an academic review from the Boston University Journal of Banking and Financial Law (Volume 36). Notably, Morgan Stanley's original estimate appeared in their publication titled "Blockchain in Banking: Disruptive Threat or Tool?"
A faster, safer, and cheaper path forward
According to the magazine, Morgan Stanley indicated that adopting a "Ripple-like payment system" could reduce settlement times, accelerate transactions, and lower fraud risks. These improvements target long-standing shortcomings in cross-border banking, where delays, intermediaries, and costly foreign exchange conversions often slow down transactions.
Ripple's distributed ledger technology (DLT) enables real-time transaction processing without the need for correspondent banking. This solution significantly reduces operational costs for banks and increases the funds available for customer transfers.
The article places Ripple among the most serious competitors to reform the old banking infrastructure, especially when cited alongside broader use cases of blockchain technology in the financial sector. From smart contracts to compliance improvements, the legal review points to distributed ledger technology, particularly Ripple, as a means for the much-needed transformation.
In addition to Ripple, the article also explores how Ethereum's smart contracts and blockchain-based audit trails can enhance regulatory oversight and transparency.
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