According to Criptonoticias, Ripple is awaiting approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. If granted, Ripple would operate as a federally regulated trust bank, marking a significant milestone for the company and the digital asset ecosystem. Sal Gilbertie, CEO of Teucrium Trading, stated that if XRP triples in price and Ripple stops selling tokens to capitalize the bank, the company could rival major banks like JP Morgan in market capitalization. Ripple is also building a robust financial institution through its XRP Ledger and RippleNet, a global payment network used by banks and financial institutions.
Ripple Seeks Bank License, Could Become Top Bank If XRP Triples in Price
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