Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP Ripple CEO: XRP has a lower volatility risk than SWIFT, and old speech records have been resurfaced.
Cryptocurrency researcher SMQKE has rediscovered a neglected transcript of Ripple CEO Brad Garinhaus's speech at the Economic Club of New York in 2019. The document details Galinhaus's comparison of XRP's transaction speed and volatility risk with traditional SWIFT payments as SWIFT updates its infrastructure.
SWIFT pilots new blockchain ledgers
SWIFT, a global financial information service provider serving more than 11500 financial institutions, recently announced the launch of a blockchain-based shared ledger. Seventeen international banks are preparing to test tokenized cross-border payments on the new system.
The new ledger is positioned as a natural extension of SWIFT's existing network and will support round-the-clock payment processing, allowing member banks to complete settlements outside traditional business hours and finally confirm payments through established clearing systems after initial transactions are completed.
The move comes amid the overall industry's commitment to improving payment speed and reducing the risk of currency fluctuations during the settlement process.
Ripple CEO explains XRP's risk advantages
In a speech in 2019, Garlinhaus responded to the banking community's concerns about cryptocurrency fluctuations. He makes a direct comparison: a typical SWIFT transaction takes three days-about 270,000 seconds-while the average XRP transfer takes only 3 to 4 seconds to settle.
Galinghaus believes that although digital assets like XRP may have high daily volatility, the extremely short exposure window significantly reduces overall risk.
"When you make a SWIFT transaction, the average transaction time, let's say three days, which is 270,000 seconds. If you multiply 270,000 seconds by the volatility of low-volatility assets and compare it to 3 seconds by the volatility of high-volatility assets, you will see that the total volatility risk of XRP is actually lower." Garinhaus explained.
This view directly challenges the common objection of traditional banks that the volatility of cryptocurrencies is an insurmountable issue in payment settlements.
Role of hedging and settlement windows
In traditional cross-border payments, a settlement cycle of several days exposes parties to exchange rate fluctuations. Banks often hedge this risk by buying and selling currencies in advance or using derivatives to cope with sharp market fluctuations.
Garlinhaus insists that with XRP's rapid settlement, such hedging becomes unnecessary. "With XRP, trading is very fast, you can complete in and out in seconds, so there is no need to hedge at all." He told the audience in his 2019 speech.
This argument is gaining renewed attention as SWIFT's new blockchain-based ledger is also aimed at shortening settlement intervals and bringing its services in line with competitors focused on fast transactions.
Industry Background and Continuing Discussion
SMQKE's re-exploration of Garlinhaus's arguments comes at a time when the debate over speed, cost and risk in the international payments world is becoming increasingly fierce. Although SWIFT's blockchain initiative marks a major advance in traditional finance, supporters of XRP emphasize that the Ripple Network was built since its inception to enable near-instant settlement.
The core difference remains the exposure time: in networks such as XRP, it takes only seconds, while traditional payment tracks take hours or even days. Garlinhouse claims that this provides a natural advantage in managing volatility risk in cross-border transfers.
Even as new blockchain financial infrastructures continue to emerge, XRP's advantages of fast settlement and low volatility risk continue to echo in industry discussions.
