A crypto expert believes Ripple is quietly building a global payment network that could rival SWIFT, the current giant in international bank transfers. This isn’t a head-on battle, but a clever, strategic maneuver.
Ripple’s Secret Weapon: Tazapay
Ripple’s recent investment in Tazapay, a Singapore-based payment processor, is a big deal. Tazapay handles over $10 billion annually across 70 markets and is growing incredibly fast (300% year-over-year!). What makes this especially significant is that Tazapay is fully licensed and regulated – a huge advantage in the often-turbulent world of crypto.
Solving Ripple’s Biggest Problem
For Ripple, the biggest hurdle hasn’t been the technology itself, but accessing local banking systems in different countries. Getting money into and out of places like Jakarta or Lagos has been tough. Tazapay solves this. It connects local banking systems with stablecoins and RippleNet, creating a compliant pathway for Ripple’s global expansion.
A Two-Pronged Approach
This isn’t just a Ripple move. Circle, the company behind the USDC stablecoin, also invested in Tazapay. This suggests a combined strategy: using stablecoins alongside XRP to create a payment system that can quietly work alongside SWIFT, not necessarily replace it entirely.
Global Domination: One Partnership at a Time
Ripple isn’t tackling every country’s regulations directly. Instead, by partnering with already-licensed companies like Tazapay, it gains access to global markets without major regulatory battles. Singapore, the UAE, Japan, and the US are key parts of this strategy, forming a strong global network.
The Long Game
SWIFT processes a massive $150 trillion annually – far more than Ripple. But Ripple doesn’t need to replace SWIFT overnight. By creating parallel payment systems with regulated partners, Ripple offers banks a smoother, more efficient alternative that they’ll likely adopt gradually. This is a marathon, not a sprint.