Recently, there has been a lot of discussion in the crypto community about the possibility of Ripple obtaining a banking license in the U.S. Speculation began after a video from XRP Las Vegas 2025 emerged.
Rumors About Ripple's Banking License
The discussion about Ripple potentially securing a banking license started after a video surfaced where journalist Eleanor Terrett talked about Ripple becoming a bank. She mentions that transaction costs on the XRP Ledger are nearly zero, and access to banking should be universal, much like access to clean air.
Expert Commentary
At the same event, Greg Kidd, a former congressional candidate and early Ripple investor, spoke about a new kind of bank charter for digital-first companies. He noted that this charter could allow companies like Ripple to operate like banks without physical branches. However, he clarified that he is not representing Ripple and that the charter is still in development.
Ripple's Prospects in the Financial Sector
Ripple has been actively expanding its presence in traditional finance, recently becoming a Platinum Member of the American Bankers Association. CEO Brad Garlinghouse emphasizes that Ripple is not here to replace banks but to work with them and improve cross-border payments.
Currently, it remains unclear whether Ripple will become a bank, as there have not been any official confirmations from the company. All discussions are still at the level of rumors and speculation.
