A landmark decision in Ripple’s legal battle with the SEC has cleared the way for XRP to be used more widely by institutions, posing a potential challenge to SWIFT as the leading cross-border payment system. 2025’s settlement between Ripple and the SEC, which ended the long-standing dispute over XRP’s classification as a security, could open doors for Ripple’s On-Demand Liquidity (ODL) service to gain significant ground against SWIFT. ODL’s speed, cost-efficiency, and flexibility provide an alternative to SWIFT’s traditional model of international transactions. The ripple effect of this settlement is already being felt with industry giants like UnionBank in the Philippines, Travelex Bank Brazil, and LuLu Exchange in the UAE adopting XRP for cross-border payments.