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Is Ripple becoming a bank: good or bad for XRP?
Ripple has obtained conditional approval for a federal banking license, which could allow it to operate under U.S. banking regulations. If it were to be definitively validated, this license would authorize Ripple to act as a federally regulated financial institution, in accordance with U.S. banking law.
This advancement consolidates Ripple's position in the cross-border payments sector and the infrastructure for settling digital assets within regulated financial markets. However, it is likely that this development will not have an immediate or significant effect on the price of XRP.
This advancement consolidates Ripple's position in the cross-border payments sector and the infrastructure for settling digital assets within regulated financial markets. However, it is likely that this development will not have an immediate or significant effect on the price of XRP.
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