XRP is making headlines once again as Ripple sets its sights on displacing SWIFT, the long-standing messaging backbone of the global banking system. This bold move was emphasized by Dan Morehead, CEO of Pantera Capital, during a recent appearance on CNBC’s Squawk Box.

Ripple aims to transform global financial messaging systems by leveraging blockchain innovation.

Ripple Challenges SWIFT in Global Payments

In his televised interview, Dan Morehead highlighted how Ripple is positioning itself to compete directly with SWIFT, the incumbent messaging infrastructure trusted by thousands of banks worldwide. Morehead noted that Ripple’s blockchain-based solution could provide swifter, more secure, and cost-effective alternatives to international wire transfers—a domain traditionally monopolized by SWIFT.

He noted the growing importance of real-world use cases within the crypto sector, adding that Ripple represents one of the clearest blockchain projects offering tangible value. With banking institutions worldwide seeking better efficiency and transparency, Ripple’s technology stands as a powerful contender.

What Sets Ripple and XRP Apart from Competitors

Unlike many crypto tokens whose value is speculative or tied to decentralized finance protocols, XRP is designed specifically for global payments and liquidity provisioning. With RippleNet, financial institutions are given tools to instantly settle cross-border payments with end-to-end visibility.

Morehead emphasized that Ripple’s infrastructure is already being utilized by prominent players in the financial services sector. Its integration allows for not just faster transactions, but also significantly reduces operational costs—a vital incentive for institutional adoption.

Pantera Capital’s View on Blockchain’s Future

Morehead reaffirmed Pantera Capital’s bullish stance on blockchain projects that focus on long-term utility and user adoption. He sees initiatives like Ripple’s as transformative, moving the industry beyond speculative trading toward functional enterprise-grade solutions.

He also drew attention to how regulatory scrutiny is shaping which projects survive. Ripple’s legal battles may have posed short-term challenges, but its resilience and continued pursuit of innovation make it a standout in Pantera’s portfolio.

Ripple’s Strategy for Global Market Dominance

Ripple is developing partnerships with banks, remittance providers, and governments in regions such as Southeast Asia, the Middle East, and Latin America. This global-first approach underpins its aim to build a frictionless financial system powered by blockchain.

Many analysts believe that if Ripple can stay ahead in compliance, scalability, and strategic partnerships, its vision to rival SWIFT is entirely achievable. XRP, as the native token facilitating these cross-border transactions, could play a pivotal role in modernizing the global financial ecosystem.

Related: XRP Price: $12M Max Pain for Bears

For more info, check the original report here.