A prominent crypto commentator known as Remi Relief has expanded on theories linking Ripple, SWIFT, and the global banking system to the Long-term valuation of XRP.
His post on social media platform The idea draws attention to XRP’s usefulness in facilitating liquidity between institutional networks, and Remi Relief noted that this could push the price of XRP to $1,000.
Theories of the Ripple/SWIFT dual system
Remi Relief proposed that The global payments structure could be divided into two interconnected systems where both ultimately relying on XRP for settlement and support the price of the cryptocurrency at $1,000. The first theory proposes a renewed version of SWIFT that would retain much of its existing framework but incorporate blockchain-based assets like XRP, XDC, HBAR, and Chainlink for faster transaction speeds and greater efficiency. Despite these improvements, it would still face skepticism from some financial institutions because it has been used as a weapon in the past.
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The second theory is the configuration a new Ripple-based network built in collaboration with Thuneswhich would function as a more reliable and independent channel for cross-border payments. This system would be much faster, much cheaper and more reliable for countries.
In Remi’s view, both models would coexist for some time, giving banks and governments the freedom to choose based on the scale, cost and reliability of transactions. However, he believes that the Ripple-Thunes system will later gain dominance and overtake SWIFT as more and more banks use that system.
Regardless of which of the two theories prevails, Remi Relief noted that both have the potential to lead to $1,000 XRP faster than most people think.
Paul Barron’s Perspective on Institutional Stablecoins
Initial post by Paul Barron What prompted Remi Relief’s response is based on the growing race among major banks to issue their own stablecoins. He noted that while SWIFT continues to promote neutral lanes, banks such as JPMorgan, Bank of America, Citi and Wells Fargo are developing US-based consortium stablecoins. Similarly, European institutions such as ING and Deutsche Bank plan to launch euro-denominated versions by 2026.
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Barron warned that this trend toward proprietary stablecoin systems would further fragment the global financial network and create walled gardens where each bank’s stablecoin would operate in isolation.
In his opinion, such fragmentation will bring out the original purpose of XRP, and this could have been the plan Brad Garlinghouse, CEO of Ripple all the time. The plan has always been to use XRP as a bridging asset capable of enabling interoperability between otherwise disconnected financial ecosystems. This feature aligns with Ripple’s long-standing vision for the XRP Ledger as a neutral settlement layer for easy cross-border value transfer between different digital and fiat systems.
At the time of writing, XRP is trading at $2.41 and is a long way from trading at $1,000.
Featured image from Freepik, chart from Tradingview.com
