🚨BPI objects to #Ripple $XRP banking license
BPI (Banking Policy Institute), which represents 42 major US banks, has filed an objection to Ripple’s application for a banking license. 🏦
•Members of the group include major financial institutions such as JPMorgan, Citi, Bank of America, Wells Fargo and Goldman Sachs. 📝
• BPI’s objection raises concerns about Ripple’s business model and its potential impact on the financial system. ⚠️
