Yes, it is 100% safe when clients (which most clients do) verify the server certificate.
The multiple hop scenario mentioned here is a complete fake. This is true only when the same message passes through different applications. Like, for example, several brokerage applications. If these brokers do not report securely, the message can be read by intermediate network sniffers.
In other words, the connection between the client and the server via the Internet is 100% secure, even if there are a million routers between them, but it is protected only when the client checks the server certificate, since the client can connect to a person, the average host that can impersonate the server is false certificate. If the client does not verify the certificate, the message may be compromised.
Ramon smits
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