Mark Yusko Endorses Ripple’s Vision for Modernizing Global Payments

Ripple CEO Brad Garlinghouse recently highlighted the immense potential of the company to revolutionize global payments. His statement emphasized SWIFT’s outdated architecture and its inability to keep up with evolving technology needs, citing a historic lack of innovation in the sector as a key reason. 50 years ago, SWIFT was created, but it hasn’t evolved significantly, leading to slow and expensive cross-border transactions. Ripple believes blockchain solutions like XRP can address these inefficiencies through On-Demand Liquidity (ODL), offering faster, more secure, and transparent international payments.