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Why Is Ripple Applying for a Banking License? | CoinGape

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Ripple confirms its application for a national banking license in the US .

Firm is also seeking a Fed Master account, a move that could give Ripple access to US payment services.

Ripple is following competitors' moves, developments on the GENIUS Act , and upcoming regulatory changes.

Firm has already dominated the blockchain-based systems, and with the application for the banking licence, it is moving towards reshaping the future of its stablecoin.

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