๐ฆ Ripple, Circle and BitGo seek to become banks in the U.S.
๐จ Crypto and banking closer than ever!
Ripple, Circle and BitGo have officially applied for national trust bank licenses with the U.S. regulator OCC.
๐ธ This would allow them to:
โ Have direct access to the financial system's infrastructure
โ Offer institutional custody services
โ Operate with their own reserves, like a traditional bank
๐ Are we witnessing the beginning of full integration between traditional finance and crypto?
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