Financial giant Morgan Stanley recently highlighted Ripple as a cost-effective alternative to SWIFT for banks, citing its potential to speed up cross-border transactions and improve liquidity efficiency. According to SMQKE, a crypto market researcher recognized for market insights, this recognition is based on the findings of a review by the Review of Banking & Financial Law, Volume 36, which emphasizes Ripple’s ability to transform payment systems and cut costs for banks and remitter providers alike. The excerpt details how using Ripple’s network could reduce payment processing costs by as much as 60%, ultimately leading to higher remittances and better value for recipients.