Financial strategist Jake Claver recently highlighted that major global banks are testing XRP for real-time payments, sparking renewed interest in its potential for cross-border transactions. While specifics remain scarce, this development signals a broader shift toward blockchain-based financial solutions.
"When half a trillion dollars in assets starts moving onto the XRPL, you better pay attention. The skeptics were wrong. The revolution is happening right before our eyes."
— Jake Claver (March 26, 2025)
Claver emphasized that nearly $500 billion in assets are migrating to the XRP Ledger (XRPL), though he didn’t name specific banks. This aligns with growing institutional interest in alternatives to SWIFT, the legacy system dominating global transfers.
Emerging Alternatives to Traditional Systems
SWIFT vs. XRP: Key Comparisons
| Aspect | SWIFT | XRP Ledger |
|---------------------|------------------------------------|------------------------------------|
| Speed | Hours–days | Seconds |
| Cost | High fees | Low transaction fees |
| Adoption | 11,000+ institutions | <100 bank partnerships |
Despite Ripple’s smaller network, proponents argue XRP offers superior speed and cost efficiency. A gradual shift could redefine global payments, prioritizing settlement time and scalability.
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Regulatory Clarity and Market Sentiment
The SEC’s dropped charges against Ripple in 2025 eased legal uncertainties, potentially accelerating institutional adoption. However, Dean G noted that prolonged regulatory battles dampened XRP’s momentum in the U.S., delaying utility-driven growth.
"Utility has been nonexistent because of the SEC saga. [It] affected uptake on a global scale."
— Dean G (March 27, 2025)
Market reactions remain mixed:
- Optimists see institutional adoption as a price catalyst.
- Skeptics argue usage ≠ value, citing whale-driven volatility and stagnant XRP prices.
FAQs: XRP’s Role in Banking
1. How does XRP improve cross-border payments?
XRP settles transactions in seconds with minimal fees, unlike SWIFT’s multi-day process. This efficiency appeals to banks streamlining remittances.
2. Why hasn’t XRP’s price surged despite adoption news?
Crypto markets prioritize speculation over utility. Institutional use may take time to reflect in prices.
3. Which banks are testing XRP?
Names aren’t disclosed, but Claver’s $500B asset figure suggests large-scale pilots are underway.
👉 Explore XRP’s future in finance
Conclusion: A Pivotal Moment for XRP?
As banks explore XRP Ledger solutions, the asset’s future hinges on:
- Regulatory stability post-SEC.
- Scalability to handle institutional volumes.
- Market sentiment balancing utility vs. speculation.
While challenges persist, XRP’s speed and cost advantages position it as a viable SWIFT alternative—if adoption scales sustainably.