Ripple’s Banking License: A Tale of Tweets and Speculation 🏦✨

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Over the past few days, the crypto Twitterverse has been abuzz with whispers and murmurs, as if the digital gods themselves were conspiring to reveal a grand secret. The rumor? Ripple, the enigmatic cryptocurrency giant, might be on the verge of securing a U.S. banking license. Some even dared to whisper, “It’s a done deal.” 🤫

The gossip mill was set in motion by a video clip from the XRP Las Vegas 2025 conference. In the clip, the ever-insightful journalist Eleanor Terrett delved into the tantalizing idea of Ripple transforming into a bank. She mused about the near-zero cost of transactions on the XRP Ledger and the noble goal of making banking as accessible as clean air. 🌬️

Ripple could get a banking license.

Because the cost of price in payments is almost zero on the XRPLedger.
There is no reason that payments shouldn’t be universally accessible and the price charge should be zero. It’s like a public good.

Banking is just basically like…

— Digital Perspectives (@DigPerspectives) June 12, 2025

The message spread like wildfire, and soon, the internet was awash with speculation. Was Ripple truly applying for a U.S. banking license? But as one delves deeper, the whispers begin to fade. There is no official statement from Ripple, no roadmap, no concrete evidence. Just a sea of ideas and a dash of wishful thinking. 🌊

Adding to the frenzy was Greg Kidd, a former U.S. congressional candidate and early Ripple investor. At the same event, he spoke of a new kind of bank charter designed for digital-first companies. This charter, he explained, would allow companies like Ripple to operate as banks without the need for physical branches or lending services. However, he was quick to clarify that he was not speaking on behalf of Ripple, and the charter was still in the conceptual stage. 🛠️

Despite the lack of concrete evidence, the excitement is palpable. Ripple has been steadily expanding its footprint in traditional finance, joining the American Bankers Association as a Platinum Member last year. CEO Brad Garlinghouse has repeatedly emphasized that Ripple’s mission is not to replace banks but to collaborate with them, fixing the inefficiencies in cross-border payments. 🤝

So, is Ripple truly on the path to becoming a bank?

Perhaps. But for now, it’s all talk. Until Ripple itself breaks the silence, everything floating around online is nothing more than speculation. For now, this remains an open question, not a confirmed headline. 🤔

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2025-06-16 14:13