Ripple Sets Sights on SWIFT Domination, Proposes Complete Replacement in Cross-Border Payments

Ripple CEO Eric van Miltenburg has boldly stated the company’s intention to replace SWIFT as the primary infrastructure for international payments. This ambition was revealed during a panel discussion at the 2025 World Economic Forum in Davos, where van Miltenburg explained that Ripple’s platform offers an independent solution instead of merely complementing SWIFT. He asserts that Ripple’s system delivers faster transaction speeds and lower costs, addressing the needs of modern banking institutions.