$XRP Banking license for Ripple
Ripple wants to become a regulated banking organization. The company will be able to officially store digital assets and manage reserves for its stablecoin RLUSD. If the OCC approves the application, it will be an important event for the project. However, the situation with XRP will not change with the acquisition of the license.
The regulatory status of the altcoin will remain the same — in accordance with the court decision of 2023. The banking license will not provide new opportunities. Ripple will still not be able to sell XRP to American institutional investors without registration with the U.S. Securities and Exchange Commission (SEC). The altcoin will not gain regulated asset status.
At the moment, the price of XRP rose by 3%, but quickly corrected. At the time of writing, the cryptocurrency is trading at $2.25, having increased by 0.05% in the last 24 hours.
Obtaining a banking license may improve integration between Ripple's services (especially the stablecoin RLUSD) and its infrastructure. If the project starts providing banking services to regulated clients, XRP may become a liquidity bridge.
Banking status may also increase the interest of institutional players in XRP
