๐งจ Ripple wants to be a bank.
Yes, you read that right. Ripple Labs has applied for banking licenses in both the United States and the United Kingdom. This is not just a simple expansion... but a master move.
๐ What does this mean?
Ripple would go from being a fintech company with a blockchain-based payment network... to becoming a regulated banking entity. This would imply:
Direct access to traditional financial systems
Active participation in interbank transfers and international payments
Brutal competitive advantage over other crypto companies still off the regulatory radar
๐ช What about XRP?
The native currency of the Ripple ecosystem could gain even more legitimacy and real use. If Ripple operates as a bank, XRP could be used directly as a liquidity bridge between fiat currencies.
๐ Possible repercussions:
Increased institutional trust
Growth in real demand for XRP
Change of narrative: from "crypto company" to global financial infrastructure
๐ญ If Ripple becomes a bank, will it continue to play by the old system's rules or will it be the Trojan horse that accelerates crypto adoption from within?
