Sal Gilbertie, CEO of Teucrium, Explains Why XRP Could Disrupt SWIFT

Sal Gilbertie, the CEO of Teucrium, believes that Ripple and its native token XRP could become key players in the global financial sector, with the potential to surpass the established SWIFT network for international payments. He emphasized that Ripple's request for a banking license and its significant holding of XRP are factors that could make the company one of the leading financial institutions in the world. SWIFT Faces Potential Pressure Gilbertie expressed concerns about the long-term stability of SWIFT, a system that has existed for decades allowing banks to transmit cross-border payment messages. In an interview on the Paul Barron Show, he stated that this network may soon face significant disruptions. According to Gilbertie, Ripple's technology infrastructure, along with its move towards a banking license, could enable the company to take a dominant role in the international financial sector. He emphasized that Ripple is holding around 40 billion XRP tokens and speculated that if the company secures a banking license, they could use this asset to become one of the largest market-cap banks globally. The CEO emphasized that such a change could bring about the efficiency that is currently lacking in traditional banking systems, including eliminating the need for a deposit account in both the sending and receiving countries for cross-border money transfer transactions. The Effectiveness of Blockchain and Market Impact He also emphasized the operational advantages that blockchain brings to the international banking sector. He believes that Ripple's ledger system can significantly free up liquidity currently tied up on banks' balance sheets. By shifting transactions from SWIFT to a blockchain-based network, banks have the ability to streamline payments, reduce costs, and improve transparency. He noted that when global financial standards such as ISO 20022 are applied, the Ripple network can handle the increasing volume of cross-border transactions, challenging the long-standing dominance of SWIFT. He pointed out that early adopters may begin to publicly report on the transaction volumes conducted through the blockchain, which could highlight the growing role of distributed ledger technology in the financial market. He also discussed the evolving legal landscape surrounding XRP. He predicts that the U.S. Securities and Exchange Commission (SEC) may approve spot XRP exchange-traded funds (ETF) before the end of the year. His company previously launched the first leveraged XRP ETF in the U.S. in April, reflecting the growing interest of institutions in this digital asset. Market Performance and Short-term Challenges Despite these positive forecasts, XRP has experienced recent market volatility. As of August 18, the token was trading just below $3.00, but quickly recovered to $3.06, marking a 3.91% decrease over the past week. Analysts have indicated that the short-term performance of XRP will depend on the maintenance of important technical support levels. Failing to break through the resistance level of $3.30 could cause this token to continue to decline, while maintaining the support level of $2.81 is crucial for sustaining a bullish outlook. Although currently trading below the peak of $3.65 in July, XRP has still increased by more than 430% compared to the same period last year, reflecting strong performance against the overall market trend. Gilbertie's viewpoint emphasizes the potential of Ripple and XRP in reshaping cross-border payments, although short-term price volatility continues to pose risks for investors.