Revolutionizing Banking: Ripple Gets Morgan Stanley’s Blessing to Replace SWIFT
Jakarta, Pintu News—Morgan Stanley, one of the leading financial institutions, recently highlighted Ripple’s potential as a viable alternative to SWIFT in cross-border transactions.
nalysis from the investment bank suggests that Ripple’s blockchain technology could address many of the inefficiencies plaguing traditional international transactions.
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Why is Ripple the Top Choice?
Morgan Stanley has identified that a Ripple-like payment system can shorten settlement periods, speed up transactions, and reduce the risk of fraud. With Ripple’s distributed ledger technology, correspondent banking delays that typically slow down the movement of money between countries-sometimes taking up to 3-5 business days-can be eliminated.
Adoption of Ripple’s solution has the potential to dramatically reduce banks’ operational costs. Ripple’s XRP Ledger can process transactions in seconds instead of days, which is a significant advancement compared to existing systems.
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Understanding the $120 Billion Cross-Border Payment Problem
JPMorgan has previously identified $120 billion in annual losses due to inefficient cross-border payments. Multinational corporations move an estimated $23.5 trillion annually through a system that has not been updated since the 1970s. Their research found several key issues hindering efficiency.
The potential to mitigate these losses is immense with the adoption of Ripple technology. The cost savings and increased transaction speed could significantly change the way major banks conduct international business.
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Growing Institutional Validation
The Boston University Review of Banking & Financial Law (Vol. 36) recently republished Morgan Stanley’s assessment, giving academic weight to Ripple’s growing credibility in financial circles. Although the SWIFT system still dominates, more than 25% of global GDP currently moves through systems that Morgan Stanley considers ripe for disruption-and this percentage is growing every year.
The pressure on traditional players in the financial sector is increasing faster than expected a few years ago. With Ripple now actively building a SWIFT competitor, many of the world’s largest banks have begun to revisit blockchain technology in recent years.
Conclusion
With backing from major financial institutions such as Morgan Stanley, Ripple shows significant potential to change the global payments landscape. As an efficient and secure alternative to SWIFT, Ripple offers a solution that may soon become the new standard in international financial transactions.
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Reference
- Watcher Guru. Morgan Stanley Endorses Ripple as Viable SWIFT Alternative for Banks. Accessed on May 9, 2025
- Featured Image: Coingape
