#تابعني_لحصولك_علي_المزيد_من_المعلومات
Sal Gilberti, the CEO of Teucrium, believes that Ripple and its native token XRP could become major players in global finance, potentially surpassing the established SWIFT network for international payments.
He confirmed that Ripple's request for a banking license and its substantial holdings of XRP are factors that could position the company as one of the leading financial institutions in the world.
SWIFT faces potential pressures
Gilberti expressed concern about the long-term stability of the SWIFT system, the legacy system that allows banks to send cross-border payment messages. In an interview on the Paul Barron show, he stated that the network could soon face significant disruptions.
Gilberti stated that Ripple's technological infrastructure, along with its move towards obtaining a banking license, could allow the company to take a dominant role in international finance.
He noted that Ripple holds approximately 40 billion XRP tokens and speculated that if the company obtains a banking license, it could use these assets to become one of the largest banks globally in terms of market capitalization.
The CEO confirmed that such a change would achieve the efficiency currently lacking in traditional banking systems, including eliminating the need for pre-funded accounts in both sending and receiving countries for cross-border financial transfers.
Blockchain efficiency and its impact on the market
He also highlighted the operational advantages that blockchain technology offers to the international banking sector. He stated that Ripple's accounting ledger system could significantly free up liquidity currently trapped on banks' balance sheets.
By transferring transactions from SWIFT to a blockchain-based network, banks have the ability to streamline payments, reduce costs, and improve transparency.
He noted that with the adoption of global financial standards like ISO 20022, the Ripple network could handle increasing cross-border transaction volumes, posing a challenge to SWIFT's long-standing dominance.
He indicated that early adopters will likely begin publicly reporting the volume of transactions being conducted via blockchain technology, which may highlight the growing role of distributed ledger technology in financial markets.
He also discussed the evolution of the regulatory landscape for Ripple (XRP). He predicted that the U.S. Securities and Exchange Commission (SEC) would approve Ripple exchange-traded funds (ETFs) before the end of the year. His company launched the first leveraged Ripple ETF in the United States in April, reflecting growing institutional interest in this digital currency.
Market performance and short-term challenges
Despite these positive expectations, the XRP market has seen volatility recently. As of August 18, the token's price was just below $3.00, but it quickly recovered to $3.06, recording a decrease of 3.91% over the past week.
Analysts noted that XRP's short-term performance will depend on maintaining key technical support levels. Failure to surpass the resistance level of $3.30 could lead to further declines in the currency, while maintaining the support level of $2.81 is crucial for sustaining bullish expectations.
Although the price of XRP is currently trading below its July peak of $3.65, it is still up over 430% since the beginning of the year, reflecting strong performance against the broader market trend. Gilberti's vision highlights Ripple and XRP's capability to reshape cross-border payments, although short-term price volatility still poses risks for investors.
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