Ripple Seeks US Banking License as Crypto Firms Move Toward Mainstream Finance

Ripple Labs has applied for a U.S. national banking license, according to the Wall Street Journal. Securing such a charter would enable the blockchain-based payments company to offer banking services directly rather than relying on partner institutions.

The move places Ripple among a growing group of cryptocurrency businesses seeking to bridge the gap with mainstream finance, a trend that has accelerated as digital-asset firms look for greater regulatory certainty and broader customer reach within the U.S. financial system.

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