XRP News Today: Ripple’s XRP-Based Device Seeks Banking License to Challenge Traditional Financial Systems

Bitget-RWA2025/11/27 00:00

By: Bitget-RWA

- Ripple's XRP-powered ecosystem, leveraging blockchain and stablecoins, is positioned to rival JPMorgan and SWIFT through real-time payments and institutional services. - The company has acquired six firms to expand custody, stablecoin, and treasury capabilities, transitioning XRP into institutional markets via DATS and ETFs. - Seeking a U.S. banking charter could make Ripple the first crypto-native entity to operate with bank-grade compliance, accelerating blockchain adoption in finance .

Ripple’s significant infrastructure enhancements and its calculated role within the global financial landscape have attracted the notice of industry experts, with Teucrium Trading CEO Sal Gilbertie identifying the company as a possible competitor to

JPMorgan Chase

and SWIFT. In a recent discussion, Gilbertie pointed out that Ripple’s integrated ecosystem—driven by

XRP

and the XRP Ledger (XRPL)—is

ready for worldwide expansion

. He described Ripple as a highly efficient “machine” that operates with strict coordination, positioning it to rival established banking institutions through instant international payments, asset custody, tokenization, and prime brokerage offerings

as recent analysis suggests

According to Senior Executive Officer Reece Merrick, Ripple’s infrastructure plan is focused on integrating financial systems using blockchain. The firm utilizes XRP and its stablecoin Ripple USD (RLUSD) to facilitate smooth, low-fee transactions. In the last two years, Ripple has acquired six companies to strengthen its expertise in payments, custody, and stablecoins, while also moving into prime brokerage and treasury services. These initiatives support Ripple’s goal of evolving XRP from a payment tool to a foundational asset in institutional finance, including digital asset-backed treasury securities (DATS) and exchange-traded funds (ETFs)

as outlined in recent reports

XRP News Today: Ripple’s XRP-Based Device Seeks Banking License to Challenge Traditional Financial Systems image 0

Gilbertie’s support for Ripple highlights the increasing institutional interest in blockchain-powered finance. He emphasized that XRP is a key asset held within Ripple’s network, with its value likely to rise as network activity grows. The CEO also mentioned that Ripple’s application for a U.S. national banking charter from the Office of the Comptroller of the Currency (OCC)

may make it the first crypto-focused company

to secure such a license, allowing it to function with the capital strength and regulatory oversight of leading banks. This progress, along with the upcoming implementation of ISO 20022 standards and increasing XRP ETF investments, has

strengthened institutional trust in the cryptocurrency

sector.

The comparison to

JPMorgan

and SWIFT illustrates Ripple’s broader ambition to challenge established financial systems. By delivering quicker and more affordable international payment options, Ripple seeks to transform conventional banking frameworks. Gilbertie’s statement that Ripple is “at the center of the universe”

underscores its potential

to reshape global financial networks, especially as institutional use of blockchain technology gains momentum.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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XRP News Today: Ripple’s XRP-Based Device Seeks Banking License to Challenge Traditional Financial Systems

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