Crypto Eri (@sentosumosaba), a recognized figure in the XRP community, shared a video on X featuring Eric van Miltenburg, Ripple’s SVP of Strategic Initiatives. In the video, van Miltenburg referred to Ripple’s payment product as “kind of a SWIFT update or replacement.” Van Miltenburg’s statement points to Ripple’s intent to go beyond incremental improvements. He clarified that Ripple provides core infrastructure in the form of a messaging system, positioning it as a direct evolution of traditional systems like SWIFT. Ripplenet "…kind of SWIFT update or replacement" – Eric van Miltenburg, SVP of Strategic Initiatives, @Ripple I saw your convo earlier today @krippenreiter with @XrpArthur and others and remembered this clip. I hope it adds to the discussion. Goes contrary to a "compliment". pic.twitter.com/IQKkNnzqjM — 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) April 19, 2025 This positioning highlights Ripple’s long-held ambition to streamline cross-border payments and improve efficiency across global finance. A prominent crypto expert recently debunked rumors that Ripple and SWIFT were collaborating, but Ripple’s vast XRP-backed payment network remains a viable competitor to SWIFT’s slow and inefficient network. Van Miltenburg noted that Ripple works closely with clients and maintains regulatory compliance throughout its development cycle. He also acknowledged that the company works at the pace of its partners and revealed that the institutions are beginning to accelerate how they operate and innovate. Implications for XRP and SWIFT The comment about Ripple’s product being an “update or replacement” for SWIFT confirms the absence of a partnership between the two parties. Van Miltenburg’s words suggest Ripple is actively working to provide a full-scale alternative that addresses key shortcomings of current systems—namely, speed, cost, and transparency. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The discourse of XRP taking over SWIFT’s role in the cross-border payment space is new, as it fixes all of SWIFT’s bottlenecks with its unparalleled speed and efficiency. SWIFT has been the backbone of cross-border messaging for decades, but its inefficiencies have led to growing demand for more modern solutions. Ripple’s approach integrates messaging and settlement in a single framework, especially when using XRP for liquidity, offering a more comprehensive solution. Reasserting Ripple’s Strategic Direction By sharing the clip, Crypto Eri reinforced Ripple’s original messaging and strategic direction. Rather than allowing softened or diluted interpretations to shape the conversation, she used van Miltenburg’s words to recenter the narrative. Experts have projected that XRP could reach $35.86 by capturing just $1 of SWIFT’s daily volume. Replacing the network entirely could send the asset to triple and even quadruple-digit targets. The video serves as a reminder that Ripple is building infrastructure designed to transform global payments. According to Ripple CEO Brad Garlinghouse, SWIFT’s network is outdated , and he expects XRP to usher in a new era for cross-border payments. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple Executive Drops Bombshell About Ripple Payments and SWIFT appeared first on Times Tabloid .
