When 42 top banks in the United States unite to oppose a company's license application, there is only one answer: this company has touched their cake.
In July 2025, Ripple submitted two major applications to U.S. regulators — a national bank charter and a Federal Reserve master account, instantly igniting panic on Wall Street. If approved, it will become the first cryptocurrency company to directly access the Federal Reserve payment system (FedWire), holding the authority to issue stablecoins, and completely rewrite the rules of cross-border payments. The banks' backlash precisely proves one thing: XRP is not just replacing a certain business, but is undermining the power foundation of traditional finance. 1. The banks are not afraid of risk, but of 'being revolutionized.' The 42 banks represented by the Bank Policy Institute (BPI) are demanding the rejection of Ripple's application under the banner of 'risk' and 'fiduciary duty.' But the truth lies in their reasons for opposition — Ripple's model will completely dismantle the cross-border payment system that banks rely on.
No 3-day delay without SWIFT: Settling cross-border funds with XRP reduces the time from 3-5 days to under 3 seconds;
Eliminating Nostro/Vostro accounts: The $2 trillion in settlement reserves hoarded by banks globally will become history;
Zero-fee crushing: The average fee for traditional cross-border remittances is 7%, while Ripple's ODL (On-Demand Liquidity) service is only 0.1%.
Simply put, banks fear becoming 'redundant' rather than 'fund intermediaries.' Just like when SWIFT replaced telegrams, now Ripple aims to replace SWIFT with blockchain, and XRP is the 'engine' of this revolution. 2. Ripple's ambition: not just disruption, but reconstruction. Ripple's table has not only XRP but also a stronger card — the stablecoin RLUSD.
This 1:1 dollar-pegged stablecoin, custodied by top institutions, will form a 'liquidity + settlement' combination with XRP: using XRP to solve the exchange efficiency problem between different currencies, and completing the final settlement with RLUSD, all without bank involvement. Currently, this system has been implemented in over 50 countries through the ODL service, and even financial centers like Dubai and Singapore have issued licenses for it.
More critically, Ripple is acquiring Standard Custody to complete the last link to the Federal Reserve master account. Once approved, it will be able to directly utilize the Federal Reserve's clearing system, equivalent to installing a 'crypto interface' in the heart of traditional finance. 3. History always repeats itself: banks cannot stop the technological revolution. The banks' panic is not new. When PayPal aimed to disrupt payments, banks said 'unsafe'; when Coinbase sought compliant trading, banks said 'high risk'; now it’s Ripple’s turn, and the script is the same.
But data doesn’t lie: Ripple has secured regulatory licenses in over 60 countries, and the Dubai International Financial Centre even listed it as a 'benchmark for blockchain payments'; the monthly transaction volume of ODL services surged by 45% year-on-year, with more and more financial institutions secretly connecting to the XRP network. This is not a startup's gamble, but an inevitable choice for the global financial system in the face of efficiency.
The true value of XRP is just beginning to emerge. The banks' obstruction precisely indicates that Ripple has touched the nerve of traditional finance. When cross-border payments no longer require layers of intermediaries, and the flow of funds is as simple as sending an email, the value of XRP will far exceed the realm of 'cryptocurrency' — it will become part of the new global financial infrastructure.
History has long proven: technology may be late, but it will never be absent. This time, Wall Street's panic might just be the prologue.
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