Is Ripple teaming up with banks?! Traditional finance × blockchain is finally becoming a reality
Recently, I came across some remarks from Ripple's president, Monica Long, that truly caught my attention!
She said something like:
"It’s unrealistic for the existing banking system to directly access blockchain; they need to connect. And that’s exactly what Ripple is doing."
Did you catch that? It means—banks don’t understand the technologies on the chain, but Ripple can help them build a bridge, allowing them to safely and securely enjoy the benefits of blockchain.
🏦 Banks also want to go on-chain, but they really don’t know how.
Many people think traditional finance and blockchain are mortal enemies, but that’s not the case. Banks have long wanted to utilize blockchain to improve efficiency and reduce costs.
The problem is: traditional systems are too complex and outdated; going on-chain directly equals tearing down the old and rebuilding, which is nearly impossible.
And Ripple is the expert at "renovation," integrating new technology into old systems while maintaining safety and compliance.
💡 What is Ripple doing?
Connecting the "inlet/outlet" between fiat currency and digital assets
Supporting stablecoin issuance and management to promote asset tokenization
In simple terms, Ripple is building a "digital financial infrastructure," allowing banks to easily use on-chain tools without having to learn to write smart contracts themselves.
🔮 Future trend: not replacement, but integration!
Monica Long’s recent statements actually send a strong signal:
Blockchain will not replace banks, but will fundamentally change their underlying operational methods.
If Ripple can truly become the hub connecting these two worlds, its position in the entire financial system will only become more and more important.
👀 What do you think of Ripple’s current strategy? Will banks really be "quietly changed" by it?
Feel free to join the discussion in the comments below 👇