The scenario of replacing the SWIFT system is considered a qualitative leap in the world of global financial transfers, as achieving this possibility depends on key factors, including:
1. Global financial market size: SWIFT handles hundreds of trillions of dollars in daily transfers annually. If XRP manages to capture a significant portion of these transfers, it will increase demand for it and thus its market value.
2. Available XRP: The total supply of XRP is limited to 100 billion coins. This means that an increase in demand while the supply remains constant could lead to a significant increase in the price.
3. Regulations and laws: Regulatory acceptance by governments and global financial bodies will be a crucial factor in adopting XRP as an alternative to the SWIFT system, which may directly reflect on its price.
4. Institutional adoption: If major financial institutions and banks adopt $XRP as a primary means of transferring money, this will enhance its market value and raise its price.
Price forecast:
If $XRP becomes the primary currency for $5 trillion in daily transfers, the average daily transfer via SWIFT, its price could range from $100 to $500 per unit.
If XRP's use expands to include individual and corporate transfers, its value could exceed $1,000.
Note:
XRP's success in meeting these expectations depends on these factors coming together and continued support from advanced financial technology.
