For many years, traditional banks have opposed cryptocurrencies, especially coins like XRP, which directly challenge the way cross-border currency flows. However, according to analysts, the situation has changed. Banks may no longer be able to block or ignore Ripple's technology, which is built for fast, low-cost payments on a global scale.
As Rupert from All In Crypto explained on the Paul Barron Podcast, banking associations have been 'adamantly' against innovations such as paying interest on stablecoins. The reason is simple: offering customers interest on digital dollars could outshine traditional savings accounts. 'That scares them,' he said, because it provides a clear alternative to the services that banks have monopolized for decades.
A System Ready for Replacement
Critics argue that the financial system is outdated, expensive, and slow. President Donald Trump recently stated that 'the backbone of the financial system has been outdated for decades.' He went further, saying the country should 'upgrade to the 21st century with advanced cryptocurrency technology.'
Although Trump did not directly mention Ripple, his vision aligns perfectly with what the company has built: a network designed to transfer money instantly and cheaply across borders.
"If you look at the purpose for which XRP was created, that is exactly what Trump just said the U.S. is venturing into. Not just Trump, but everyone around him," the expert said.
SWIFT in the Crosshairs
The biggest disruption to Ripple could come from SWIFT, the global payment messaging system that has dominated for over 50 years. There are opinions that SWIFT is slow, expensive, and not suitable for a digitized world.
Even Larry Fink, the CEO of BlackRock, compared relying on SWIFT to 'sending emails through the post.'
"Pay attention to what they say," Rupert noted. "Sometimes they tell you their strategy straight up." From central banks discussing blockchain pilot projects to global leaders calling for modern payment methods, the message is clear: the old system is overwhelmed by modern demands, and new technology is ready for replacement.
In contrast, Ripple allows banks and financial institutions to make payments directly using the XRP Ledger, which can process transactions in just a few seconds. If widely adopted, XRP could handle the liquidity needed to replace much of SWIFT's infrastructure.
Why Ripple is a Threat
Ripple is not just a simple blockchain project. Unlike Bitcoin, which was created as a decentralized alternative to currency, Ripple's focus has always been on practicality: to make cross-border payments faster, cheaper, and more efficient. This mission directly challenges the core business of banks, which is international money transfers and the high fees they charge along the way.
"You see people reacting strongly to some bizarre or seemingly bizarre price predictions that people make for XRP. The truth is we don't know how big this monster will get," Rupert concluded.
