Ripple, a prominent blockchain payment company, is taking significant steps by announcing its intention to obtain a national bank charter in the United States, as revealed by CEO Brad Garlinghouse on social media.
By acquiring a national bank charter, Ripple would gain the ability to operate as a federally recognized institution, which also opens the door to a Federal Reserve master account. This development could enhance Ripple's capabilities in the cryptocurrency sector and strengthen its position in the financial landscape, according to reports from Reuters.
