According to Sal Gilbertie, CEO of Teucrium, Ripple and the native XRP token could become key players in the global financial sector, potentially surpassing the established SWIFT network in international payments.

He emphasizes that Ripple's pursuit of a banking operating license and holding a large amount of XRP could position the company as one of the leading financial institutions in the world.

SWIFT Faces Potential Pressure

Gilbertie expresses concerns about the long-term stability of SWIFT, a system that has existed for decades allowing banks to send cross-border payment messages. In an interview on the Paul Barron Show, he noted that this network may soon face significant disruption.

According to Gilbertie, Ripple's technology infrastructure, along with the push for a banking license, could help the company maintain a significant position in the international financial sector.

He emphasizes that Ripple holds approximately 40 billion XRP tokens and predicts that if the company obtains a banking license, it could use these assets to become one of the largest market-cap banks globally.

The CEO emphasizes that these changes could bring the efficiency currently lacking in the traditional banking system, including eliminating the need for deposit accounts in both sending and receiving countries in cross-border money transfer transactions.

The Effectiveness of Blockchain and Its Impact on the Market

He also emphasizes the operational advantages that blockchain brings to the international banking sector. He argues that Ripple's ledger system could free up a significant amount of cash tied up on bank balance sheets.

By shifting transactions from SWIFT to a blockchain-based network, banks have the potential to optimize payments, reduce costs, and improve transparency.

He notes that as global financial standards such as ISO 20022 are adopted, the Ripple network could handle increased cross-border transaction volumes, threatening SWIFT's long-standing dominance.

He points out that early supporters may soon begin publicly reporting transaction volumes conducted through blockchain, which could highlight the increasing role of distributed ledger technology in the financial market.

He also discussed the evolving regulatory landscape surrounding XRP. He predicts that the U.S. Securities and Exchange Commission (SEC) may approve XRP exchange-traded funds before the end of the year. His company previously launched the first leveraged XRP ETF in the U.S. in April, reflecting growing institutional interest in this digital asset.

Market Performance and Short-Term Challenges

Despite positive forecasts, XRP has experienced recent market volatility. On August 18, the token was trading just below $3.00, but quickly recovered to $3.06, marking a 3.91% decrease in the past week.

Analysts have pointed out that the short-term performance of XRP will depend on maintaining key technical support levels. Failing to break the resistance level of $3.30 could lead to further price declines for the token, while maintaining the support level of $2.81 is crucial to sustaining a positive outlook.

Although currently trading below the July peak of $3.65, XRP has still risen over 430% compared to the same period last year, reflecting strong performance against the broader market trend. Gilbertie's perspective highlights the potential of Ripple and XRP in shaping cross-border payments, although short-term price volatility still poses risks for investors.

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