BeInCrypto ES
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Is Ripple becoming a bank good or bad for XRP?
Ripple has received conditional approval for a federal banking license, which could allow it to operate under banking regulations in the United States. If granted, the license would allow Ripple to operate as a federally regulated financial institution under U.S. banking law.
The approval reinforces Ripple's position in cross-border payments and in the settlement infrastructure of crypto assets in regulated financial markets. However, this development may not result in an immediate or significant impact on the market price of XRP.
The approval reinforces Ripple's position in cross-border payments and in the settlement infrastructure of crypto assets in regulated financial markets. However, this development may not result in an immediate or significant impact on the market price of XRP.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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