Pantera Capital CEO Discusses Ripple's Competitive Stance Against SWIFT

Dan Morehead, CEO of Pantera Capital, stated that Ripple is targeting the cross-border payment market currently dominated by SWIFT. During an interview on CNBC's Squawk Box, Morehead framed this as a significant industry use case rather than an immediate replacement of the banking messaging system. While Ripple promotes its infrastructure for faster settlement, the company's documentation indicates that its platform supports various assets including RLUSD, USDC, USDT, and fiat, noting that its settlement layer is not dependent on any single token like $XRP.