What happens if XRP replaces Swift?

Imagine a scenario where XRP takes the reins from Swift in the realm of cross-border payments. How would this revolutionize the financial landscape? Could it streamline the cumbersome processes currently in place, making transactions faster and cheaper? Would it provide greater access to financial services for those in remote or underserved areas? How would banks and financial institutions adapt to this shift, and what new business models might emerge? Could it potentially lead to the democratization of finance, or would it create new challenges and risks? Would it alter the balance of power in the global financial system? What are the potential pitfalls and how could they be mitigated? It's an intriguing question, and one that deserves careful consideration.