Digital Banking & Payments

Ripple CTO Highlights XRP's Central Role in Future Banking and Trillion-Dollar Flows

Ripple CTO Highlights XRP's Central Role in Future Banking and Trillion-Dollar Flows

Ripple CTO: XRP Poised for Trillions in Banking The Chief Technology Officer (CTO) at Ripple has recently made significant claims, suggesting that a growing number of banks are beginning to integrate XRP for various payment solutions. Furthermore, it's been revealed that a new bank, closely associated with Ripple, is planning to operate entirely on the XRP Ledger. This bold declaration comes as Ripple actively pursues crucial regulatory and infrastructural advancements to solidify XRP's position in the global financial landscape. Ripple's strategic moves include seeking a banking charter in New York, applying for a Federal Reserve master account, and committing to conform with the ISO 20022 messaging standards, which are widely adopted by major banks worldwide. These steps are reportedly designed to enhance XRP's utility for large-scale settlement operations, paving the way for its broader acceptance and integration into traditional finance. Banks Embrace Real-World Digit…

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