The big moment of XRP: Analyst explains why XRP will replace SWIFT forever

A famous cryptocurrency analyst has sparked new interest in XRP after stating that this digital asset will permanently replace SWIFT. In a detailed video titled "XRP in 17 Minutes," the commentator, known as Tallguytycoon, outlined how the unique design and functionality of XRP can address major issues in global remittances. According to analysts, current cross-border payment systems are burdened by inefficiencies. Networks like SWIFT and MoneyGram rely on multiple intermediary banks to transfer money between countries, particularly when the banks involved do not have a direct relationship. This causes delays, costs, and unnecessary complexities. With XRP, direct payments can be made without the need for multiple third parties. XRP Ledger payments take less than five seconds to process, making them both efficient and cost-effective. Analysts believe that the benefits of XRP could attract financial companies worldwide. Ripple, the entity responsible for XRP, invented RippleNet to enable money transfers as easily as information can move across the internet. Through XRP, banks can take their local currency, exchange it for XRP, transfer money internationally, and instantly get back the funds in the destination currency. Therefore, the self-service model allows for purchases without the need to save any money in advance and provides quick access to essential items. The structure of the XRP ledger and new enterprise tools boost confidence. The XRP Ledger operates through a decentralized structure of validators. These validators agree on transactions using a system called the Unique Node List. When 80 percent or more reach consensus, the transaction is confirmed and added to the ledger. This framework ensures reliability and transparency while still supporting the usage of organizations. In addition to the benefits of speed and cost, Ripple is promoting its ecosystem with new tools such as RLUSD, a stablecoin backed by the US dollar. As a result, corporate payments can be supported and XRP is getting closer to being adopted in centralized digital financial systems related to tokens and blockchain bridges. According to Tallguytycoon, XRP means more than just a speculative asset. It primarily helps address issues that have troubled the financial industry for a long time. He emphasizes that, like the internet, this change in finance evolves over time and eventually becomes mainstream. XRP is being highlighted as a potential and stable alternative to SWIFT. With real-time payments, reduced costs, and increasing usage by institutions, analysts view XRP as a long-term fixture in the future of global finance.