HomeCryptocurrencyConfirmed: Old Glory Bank Will Use XRP

Confirmed: Old Glory Bank Will Use XRP

Old Glory Bank has confirmed plans to support XRP through Ripple’s payment infrastructure as part of its upcoming cryptocurrency services.

The development places XRP among the digital assets the U.S.-chartered bank intends to integrate into its banking platform, giving customers a route to access cryptocurrency services alongside traditional banking features.

Crypto researcher SMQKE brought attention to the development in a tweet, citing statements from Old Glory Bank’s official website. The bank specifically confirmed that it uses Ripple rails for XRP transactions and identified XRP as one of the assets scheduled to follow its initial cryptocurrency launch.

Old Glory Bank Confirms Use Of Ripple Rails For XRP

In the tweet, SMQKE quoted a response from Old Glory Bank’s official FAQ that directly addressed its XRP infrastructure.

The bank stated, “Finally, with regard to XRP, WE USE the Ripple Rails for XRP transactions, but other transactions can ride a variety of rails according to need.”

This confirmation establishes Ripple’s payment infrastructure as part of Old Glory Bank’s planned XRP transaction services. It also distinguishes the infrastructure supporting XRP transactions from the other payment networks the bank may use for different digital assets.

SMQKE emphasized this statement because it provides direct confirmation from the bank rather than relying on speculation about a potential XRP integration.

The development also points to a broader banking arrangement in which customers could access digital assets and traditional financial services through the same platform.

XRP To Follow Initial Cryptocurrency Launch

Old Glory Bank has outlined a phased approach to introducing cryptocurrency functionality. According to another statement quoted by SMQKE, the bank’s initial launch will support Ethereum mainnet, Polygon, and PulseChain, with the possibility of adding other Ethereum Virtual Machine-compatible networks.

The bank described XRP and Bitcoin as “fast followers,” indicating that both assets will come after the initial rollout.

This distinction provides important context for the expected integration. Although XRP will not form part of the first group of supported assets, the bank has already identified it as a priority for a subsequent phase.

SMQKE also connected the development to Old Glory Bank’s planned January activation of its cryptocurrency functionality, which will introduce digital asset services into its existing banking environment.

Bringing XRP Transactions Into Traditional Banking

The planned integration could give customers access to XRP transactions alongside their conventional banking balances. Old Glory Bank’s broader cryptocurrency offering includes plans for a self-custodial wallet dashboard and its U.S. dollar-backed stablecoin, OGUSD.

The bank’s approach combines traditional banking services with cryptocurrency functionality, allowing customers to manage different types of financial assets through one platform.

For XRP, the explicit reference to Ripple rails is particularly significant because it identifies the infrastructure the bank intends to use for its transactions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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