Ripple Eyes $155 Trillion Market Within SWIFT Links

According to a viral clip floating on X, XRP Ledger’s original design makes it prone to quite high valuations due to the small-time division called ‘Drops’. These are 1,000,000 micro units of one XRP coin, so one ‘Drop’ is worth 0.000001 XRP, potentially magnifying the value of one ‘Drop’ in case of a substantial liquidity boost on the network.

Ripple Lab’s CEO Brad Garlinghouse has recently pegged the enterprise opportunity at around $120 trillion in corporate treasury payments. Last year, Ripple acquired GTreasury, processing beyond $13 trillion in payments, but none of them came in digital currencies. In Ripple’s roadmap, the next move is to “make a dent in the universe”.

The way value gets transferred within institutions comes from the mission of moving money exactly how information moves today. The $155 trillion bid stems not from theory, but from SWIFt’s annualized trading volume. Since Ripple and SWIFT are cooperating together in the ISO 20022 compliance framework, a grasp on that is very likely.

That includes heavy ambitions to reshape the way global payments work. Starting sixteen years ago, the vision has been gradually rising toward manifestation: just lLast week, South Korea’s Jeonbuk Bank officially replaced multi-day SWIFT transfers with Ripple Payments.

This doesn’t necessarily mean XRP’s going to be used in every transaction. That’s the key difference between the XRP-powered On-Demand Liquidity (ODL) & RippleNet Payments system, allowing different types of digital assets to be used and swapped with local fiat currencies.

Also, there’s a tension rising between XRP Ledger’s native XRP and the RLUSD stablecoin. Ripple’s newly-forged stablecoin garnered attention from Wall Street as well as digital asset behemoths, inking beyond $2.5 billion in market capitalization just two years since inception.

Last week, ACI Worldwide declared new payment route support, including XRP. That’s a global company handling approximately 9% of all annual SWIFT trading volume, bringing Ripple a step closer towards the 14% goal of SWIFT’s yearly volume, as previously predicted by Ripple’s CEO.

Delve into DailyCoin’s popular crypto news today:
IBM Links Crypto Haven To SWIFT With Stellar Link
Bitcoin Won’t 10x This Cycle. Here’s Why That’s Bullish