Ripple confirms its application for a national banking license in the U.S., which activates discussions about the company's prospects and previously dismissed theories.
Ripple's Banking License Application
Ripple has submitted an application for a national bank charter in the U.S., marking a surprising shift in the cryptocurrency industry. This application signifies that Ripple could become the first crypto company to achieve federal banking status.
Community and Expert Reactions
XRP advocate Edoardo Farina commented that 'every XRP conspiracy theory is playing out in real time.' He expressed the belief that the bank application, alongside other Ripple initiatives, supports the XRP community's long-held claims about the cryptocurrency's future.
Speculations on XRP Control
Farina revisited an older theory suggesting that Ripple may no longer fully control the 37 billion XRP held in escrow. He speculated that government agencies like the U.S. Treasury or the IMF could have quietly purchased large amounts of XRP. Farina emphasized that this is purely speculative and requires more evidence.
Ripple's application for a banking license could transform the status of XRP and its stablecoin RLUSD, prompting considerable interest and discussions within the crypto community. Meanwhile, questions surrounding control of XRP may impact future investments.
