A new update regarding Ripple's bank project, where the company seeks to obtain an official license to establish a limited-purpose national bank and is also working to access a master account at the Federal Reserve Bank, which could represent a significant shift in the way it operates its financial structure.
Ripple submitted an application to the Office of the Comptroller of the Currency in the United States to create a private bank that does not provide services to individuals, does not accept deposits, nor grants loans, but focuses solely on managing the reserves of the stablecoin RLUSD and providing credit services between companies.
Analysis from one of the well-known followers on platform X confirmed that the new bank will be fully aimed at supporting the stablecoin RLUSD and will not include any activities related to the XRP coin, which seems intended to avoid any regulatory conflict.
The goal of this step is to create a regulated legal entity that manages the issuance of tokens and reserves of digital currencies, ensuring full compliance with U.S. laws and opening the door for Ripple to operate in a regulated environment.
Additionally, Ripple seeks to obtain a master account with the Federal Reserve, which means that if approved, the company will be able to settle its financial transactions directly with the central bank and store its stablecoin reserves there, which could significantly enhance the efficiency and speed of its financial operations.
This dual approach by Ripple towards creating a regulated bank and accessing federal infrastructure reflects its desire for full integration into the traditional financial system and to become a major player in the regulated digital finance space.
Some predictions suggest that this step may be a precursor to Ripple's public offering through an IPO, but there is no official confirmation yet.
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