The XRP community has been pushing adoption hard ā but one major player remains unconvinced: traditional banks. Despite Ripple's momentum overseas, U.S. banks have actively resisted XRP.
Hereās why that mattersā¦ š
š¦ 42 Major U.S. Banks Opposed Ripple's Banking Ambition
Earlier this year, Ripple applied for a federal trust bank charter ā a move that could position it alongside big banks in the U.S. financial system.
But 42 U.S. banks, via the Bank Policy Institute (BPI), fired back ā ļø:
The review period is too short, and the regulatory risks are unclear.
š« Translation: Banks arenāt ready to let a crypto-native company like Ripple enter their space without a fight.
š« Why Banks Are Hesitant to Touch $XRP
Even beyond Rippleās charter bid, most U.S. banks have kept their distance from XRP.
Hereās whatās holding them back:
* āļø Regulatory Uncertainty: Despite the partial win in the SEC case, thereās still gray area. No bank wants to bet on a token that could get flagged later.
* š¢ Rippleās Control: Ripple still holds ~50% of all XRP ā not exactly decentralized.
* š Volatility Risk: Institutions like Citi warn about price instability and reputational risk.
š Meanwhile, Global Banks Are Adopting XRP
Outside the U.S., banks are warming up to RippleNet and OnāDemand Liquidity (ODL):
š¹ SBI Holdings (Japan)
š¹ Santander (Spain)
š¹ Standard Chartered (UK)
š¹ CIBC (Canada)
Theyāre tapping XRP to settle cross-border payments in seconds, bypassing outdated SWIFT rails.
š Whatās Next?
If Ripple wins full regulatory approval ā including a U.S. bank charter ā we could see a massive pivot from U.S. financial institutions.
Until then, banks will watchā¦ and wait. š
š§ TL;DR
* U.S. banks have formally opposed Rippleās entry into banking
* They cite regulatory risks, centralization, and market instability
* Yet international banks are already piloting XRP-based solutions
* A turning point may come if full clarity is achieved
š¬ Whatās your take?
Will XRP break into traditional banking ā or stay on the sidelines?
š Drop your insights and earn while you write.
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