XRP offers faster & cheaper cross border transactions compared to the SWIFT system but it faces significant regulatory & adoption challenges.
So do many other coins.
Main difference is that swift can be used to get a transfer back.
SEC is off the hooks of XRP, and Garry is gone soon too - maybe we will see something out of it in the end, however, I don't see it as being adopted in a broader sense.
Maybe in some decades or so things would look differently.
XRP is limited and not so reliable, especially for institutions.