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Ripple Files for Bank License Amidst Crypto Developments

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by Giorgi Kostiuk

5 hours ago


Significant events are unfolding in the Ripple and cryptocurrency space, drawing attention and speculation. Recent discussions on X (formerly Twitter) connect several important occurrences that initially seem unrelated.

Ripple Files for Bank License

Ripple has submitted two major documents within 24 hours: one to become a bank in the U.S., and another to secure a master account with the Federal Reserve. This marks a major shift for the company, which began as a fintech disruptor, potentially marking the start of a new phase where Ripple will directly engage with the U.S. financial system.

Old Bitcoin Wallets Wake Up

On July 4, eight dormant Bitcoin wallets created in 2011 suddenly became active. It's suggested that the individuals behind these wallets could be linked to Ripple's early team, raising intrigue. On that same day, a new project called DNAOnChain launched its presale, connecting these events within a broader network of blockchain identity initiatives.

Political Changes and New ISO 20022

According to discussions, Donald Trump is preparing to sign a bill that could redefine how currency and debt operate in the U.S. The theory is that this bill could introduce a digital currency backed by assets, in which Ripple's RLUSD stablecoin might play a significant role. Additionally, Fedwire's transition to ISO 20022 messaging adds further uncertainty and intrigue to these developments.

As we observe the recent events surrounding Ripple and other related factors, it is reasonable to speculate that significant changes in the financial system may be underway. The unfolding situation remains to be watched closely.

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