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.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
hot_people_entry_banner in news detail bottom articleshot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

Powell: Inflation proves sticky amid cooling jobs market; long-term inflation expectations anchored

4 hours ago
Powell: Inflation proves sticky amid cooling jobs market; long-term inflation expectations anchored

Fed Governor Miran: "Inflation impact limited despite higher oil prices…balance-sheet reduction needed"

5 hours ago
Fed Governor Miran: "Inflation impact limited despite higher oil prices…balance-sheet reduction needed"

BitMine buys an additional 71,179 Ethereum last week… holdings top 4.73 million

6 hours ago
BitMine buys an additional 71,179 Ethereum last week… holdings top 4.73 million

Bessent, US Treasury Secretary: "We will regain control of the Strait of Hormuz"…More vessels transiting

7 hours ago
Bessent, US Treasury Secretary: "We will regain control of the Strait of Hormuz"…More vessels transiting

Morgan Stanley wins listing approval for spot Bitcoin ETF; trading to begin once regulatory process is completed

7 hours ago
Morgan Stanley wins listing approval for spot Bitcoin ETF; trading to begin once regulatory process is completed

Trending News