Ripple Applies for US Banking License

Source
JH Kim

Summary

  • It was reported that Ripple has applied for a banking license with US financial authorities.
  • It was stated that the exact application timing and review progress have not yet been made public.
  • Ripple announced that it is actively seeking to secure financial licenses to expand its global remittance solutions and virtual asset infrastructure.

On the 2nd (local time), Tree News, citing Reuters, reported that Ripple has applied for a banking license with US financial authorities.

The specific timing of the application and the progress of the review have not yet been disclosed. Ripple is reportedly actively pursuing financial licenses to expand its global remittance solutions and virtual asset (cryptocurrency) infrastructure.

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JH Kim

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