Analyst Stellar Rippler has proposed that Ripple is preparing to transform into a bank, which could fundamentally change the financial landscape.
Transition to the Bank Concept
According to Stellar Rippler, Ripple is gearing up to operate at a level comparable to central banks. Obtaining a banking license will be a key step in this transformation. 'When this happens, everything changes. This isn’t just a tech company anymore. This is the future Fed wrapped in blockchain.'
Sustainable Institutional Steps
Ripple is actively working on acquiring all necessary resources for a modern banking institution. With over $25 billion in assets and launching CBDC pilot programs with various countries, Ripple is solidifying its position in the global financial arena. Recent acquisitions, such as Metaco, underscore Ripple's aggressive strategy towards institutional relationships.
The Role of XRP in the Future Financial System
If Ripple manages to obtain a banking license, XRP will become more than just a utility token, but a significant part of the financial ecosystem. 'XRP could become the backbone asset for all tokenized financial products and services, creating a new category of assets,' noted Stellar Rippler.
Experts suggest that Ripple could evolve from being a tech innovator to an essential element of the next financial system powered by blockchain.
