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In a recent video shared on X by crypto influencer BullRunners (@BullrunnersHQ), Ripple CEO Brad Garlinghouse articulated a compelling vision for the future of cross-border payments, asserting that the financial landscape is on the cusp of a significant transformation driven by blockchain technology. Garlinghouse emphasized the emergence of an “internet of value,” where the seamless transfer of assets mirrors the ease with which information traverses the internet today.
🚨 Brad Garlinghouse: “We’ve used the same cross-border system for 40+ years — it worked, but it’s outdated.”
— BULLRUNNERS (@BullrunnersHQ) April 25, 2025
“Upgrading SWIFT is like making a horse and buggy go faster… but why not just switch to a Ferrari? That’s #XRP .” 🏎️💨#XRPCommunity #XRPHolders pic.twitter.com/S2Uv4blJl7
Garlinghouse pointed to the longevity of the existing payments infrastructure, specifically the SWIFT network, which has served the financial world for over four decades. While acknowledging its historical effectiveness, he underscored its inherent limitations rooted in outdated frameworks. In contrast, Ripple’s approach, he explained, centers on democratizing payments by drastically reducing costs and accelerating transaction speeds. He characterized SWIFT as a “closed network,” implying a lack of the openness and accessibility that blockchain technology can offer.
While SWIFT has made strides with initiatives like GPI, Garlinghouse suggested that these incremental improvements fall short of the disruptive potential inherent in blockchain innovation. The digital asset XRP, closely associated with Ripple, has often been touted as a potential successor to SWIFT, promising significantly faster and more cost-effective transactions.
Drawing parallels with the internet’s evolution, Garlinghouse noted the foundational role of technologies like TCP/IP and HTTP in creating the “internet of information.” He positioned Ripple’s work as analogous, laying the groundwork for an “internet of value.” A key aspect of this vision is interoperability. Garlinghouse stressed that the future of finance will likely involve numerous interconnected blockchain networks, fostering a more fluid and less costly environment for cross-border transactions.
Also Read: SEC Approves ProShares XRP Futures ETFs as Ripple Moves Closer to Legal Resolution
Acknowledging that Ripple is not alone in this endeavor, Garlinghouse highlighted the broader ecosystem of blockchain developers and innovators working towards similar goals. He even noted that this competition has spurred SWIFT to pursue its own modernization efforts. However, Garlinghouse remained firm in his assessment of the legacy system.
He likened upgrading SWIFT to “making a horse and buggy go faster,” arguing that blockchain-based systems represent a fundamental leap forward, akin to transitioning to a “Ferrari.” His remarks underscore a growing sentiment within the crypto space that blockchain technology offers a paradigm shift in how value is exchanged globally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
