Ripple (XRP) intends to obtain a banking license in the USA — in addition, the company has also applied for a master account with the Federal Reserve.
A master account with the Federal Reserve is a special account that financial institutions open directly with the U.S. Central Bank. This account provides access to key financial services, such as:
▪️settlements between banks,
▪️participation in the Federal Reserve payment system
▪️other functions that are usually available only to licensed banks.
