Recent rumors claim that banks in El Salvador are launching XRP services, but what do official sources say? Let's review the facts.
Where Did This Claim Start?
The statement about the launch of XRP services became viral after XRP community members stated that 'banks in El Salvador are launching XRP services.' This information quickly spread when several leading banks 'announced' support for XRP for deposits, payments, and remittances.
Facts About the New Investment Banking Law
In August 2025, El Salvador passed a law allowing investment banks to offer digital asset services, including Bitcoin and other cryptocurrencies. However, most official announcements and press releases focus on Bitcoin as legal tender, with no mention of specific XRP services.
No Official Confirmations for XRP Services
The new law does allow banks to manage digital assets but does not require or specifically authorize XRP services. As of now, there are no official statements from El Salvador's Central Reserve Bank or major commercial banks regarding the rollout of XRP services—only social media rumors.
Overall, while El Salvador is actively promoting crypto banking innovation and banks now have legal clearance to offer digital asset services, there are no official statements confirming the rollout of XRP services in national banks.
