Ripple Licenses That Enable Banks Like Bank of America and Santander to Use XRP

Cryptocurrency researcher SMQKE (@SMQKEDQG) has drawn attention to the growing regulatory framework that enables U.S. financial institutions to adopt XRP for cross-border payments.

In a recent post on X, SMQKE emphasized that the necessary systems, licenses, and legal structures are already in place, allowing major banks to integrate XRP into their operations.

Regulatory Milestones Strengthen XRP’s Position

SMQKE noted that Ripple has secured over 50 Money Transmitter Licenses (MTLs) across the U.S., including approvals in highly regulated states such as New York and Texas. These licenses give Ripple the legal authority to facilitate payment services using XRP and RLUSD, its newly launched stablecoin.

This regulatory framework is crucial for financial institutions looking to integrate XRP into their payment networks. Ripple has eliminated many legal uncertainties that previously hindered institutional adoption by securing compliance with U.S. financial laws. This progress significantly strengthens XRP’s position as a viable asset for cross-border transactions.

Institutional Adoption Gaining Traction

SMQKE’s analysis suggests that with these regulatory approvals in place, major banks, including Bank of America and Santander, are now in a position to utilize XRP for international payments. The infrastructure required for institutional use is already established, making it easier for financial entities to adopt XRP without legal complications.

Public discussion around XRP’s institutional use has intensified following comments from David Stryzewski of Sound Planning Group. During a televised segment, Stryzewski claimed that Bank of America runs 100% of its internal transactions using XRP. While this claim remains unverified, it has fueled speculation about the extent of XRP’s adoption by major financial players.

Ripple’s Continued Expansion in the U.S.

Despite its legal challenges with the SEC, Ripple continues to expand its presence in the U.S. financial sector. The company now holds 55 global licenses spanning 33 states, reinforcing its ability to operate within regulatory frameworks.

Ripple’s growth is also reflected in its transaction volumes. In Q4 of 2024, the company processed $70 billion in payments. It is also actively increasing its U.S. workforce and expanding the issuance of RLUSD on the XRP Ledger.

XRP Struggles Amid Institutional Growth

Despite these regulatory and institutional advancements, some investors remain concerned about XRP’s performance. One user questioned why XRP’s price has not seen significant gains, despite institutional interest.

XRP is trading at $2.19, after multiple significant drops during the week, and SMQKE addressed these concerns by pointing to XRP’s historical performance. He noted that XRP has surged tenfold from $0.30 to $3.30. Moreover, despite recent declines, XRP has posted a one-year gain of 247%, outperforming Bitcoin and Ethereum.

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 urged to do in-depth 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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