Crypto News Flash reports that the U.S. Office of the Comptroller of the Currency (OCC) has granted final approval for Ripple National Trust Bank. The bank will manage the reserves backing RLUSD and provide institutional custody services.
The report also points out a caveat: the license itself will not directly create new demand for XRP, a point worth keeping in mind. Several acquisitions have enabled Ripple to bundle multiple services for the same customer.
Approval is now in place, but the source does not specify the scale or pace at which the bank will actually begin operations.
The report also points out a caveat: the license itself will not directly create new demand for XRP, a point worth keeping in mind. Several acquisitions have enabled Ripple to bundle multiple services for the same customer.
Approval is now in place, but the source does not specify the scale or pace at which the bank will actually begin operations.
