SWIFT, the European banking giant, is exploring blockchain technology to make global payments instant and efficient. As part of this effort, they have partnered with Linea, a Layer-2 protocol built atop Ethereum. However, critics argue that Linea does not solve the real problem of instant liquidity across currencies.
Ripple's XRP stands out as a major player in cross-border payments, handling $5 to $10 billion in daily trading volume on average. SWIFT may be feeling pressure to explore alternative blockchain solutions besides Linea for liquidity. If XRP is used as a liquidity layer, it could mean a significant percentage of SWIFT's regular annualized trading volume flowing through the XRP Ledger.