Would you trust Ripple as your bank

Imma be honest, I have a memory of a goldfish. Honestly I couldn’t tell you where my car was parked right now, let alone what happened a few years ago.

But for some reason, I remember Michael from 7th grade.

Mikey Boy was that child in the back of the class, Hoodie, always ready to drop a sarcastic comment – especially If one had the courage to raise their hand. Because, like, Ew, a teacher’s pet.

Then something changed at some point. Mike stayed in the hood, stayed in the back row … But now he also asked questions and shot jokes with the teacher.

Because he understood something: Have a teacher on your side actually can sometimes work in your favor – his grade make Get up after changing his behavior.

For some reason, it got stuck with me – I think it’s the first time I’ve seen someone use rules in their advantage, instead of continuing to fight them.

And somehow it is like what Ripple is doing right now.

Persecution two of the most important Trtinfi-Adodgollen Tickets:National Banking License and Main Account of Federal Reserve.

What does that mean? Separate:

1/ National Banking License

This is basically a federal License from the OCC (Office of the Valute Supervisor) for acting as a bank according to federal rules.

So yes, If approved, Var would become a bank.

Why is that important? Good:

👉 They could act in all 50 countries without the need for separate approval;

👉 They would have More services They are allowed to offer;

👉 that would make them look Much more lawful regulators and institutions;

👉 and – Big – Their stabiblecoin, rlusd, would support a bank that is regulated by a federally regulated (aka yourself if it goes through) → main trust and transparency points.

2/ Fed Master Account

Imagine this as a booming passage to the Fed.

Companies usually have to keep their money on regular banks, which they then communicate with the Fed’s payment system. With the main account, Ripple could cut mediators and Keep your money directly with the Fed.

Why is this useful? Because that means:

👉 They don’t have to rely on banks of random partners to keep RLUSD reserves → Increase in trust;

👉 Faster, cheaper payment;

👉 plus, of Fed’s system runs 24/7even when normal banks are closed.

So yes, are the benefits definitely there, but in fact, getting these approval? It’s not easy.

Occ will be dug through each corner of Ripple’s business- finances, risk management, compliance, AML policy, consumer protectionAll that. They want everything to be firm.

Fed is also picky about who gets the main account – they expect nothing less than strong management and capital + good reputation.

And even if you confirm all frames, the procedure is still has been withdrawing for months.

So far, he is the only cryptocurrency company that actually withdrew him with digital anchorage, Which shows how much this climb is actually steep.

Some of you can look at the whole thing and think: Wow … Ripple and that Mikey Kid are both selling.

And, honestly, enough fair – If your view of cryptocurrencies is purely decentralization, anti-censura and anti-tradfi, then yes … Ripple enters that system somehow backwards.

At the same time, not every crypto project has chased the same dream.

Ripple’s focus has always been on faster, cheaper and more effective for cross -border payments for banks and institutions Xrp.

So they don’t try to replace the system – they try to improve it.

And … uhh … I already forgot what I was saying. Again, goldfish memory.

Well, in any case, this is just another reminder of how flexible crypto can be – the launch of radical freedom and institutional innovation.

You are in knowledge now. But think about your friends – they probably have no idea. I wonder who could fix it … 😃🫵 Expand the word and be a hero you know you are!