Ripple President Drops Bombshell Statement About Ripple, XRP, and Banks

Prominent crypto influencer JackTheRippler recently shared a significant update on Ripple’s plans through a post on X. The post stated: “BREAKING: Ripple President Monica Long announced that Ripple will provide the layer to enable banks to connect and utilize the XRP-Ledger!” The announcement was accompanied by a video clip of Monica Long speaking during an interview with CNBC. BREAKING: @Ripple President Monica Long announced that Ripple will provide the layer to enable banks to connect and utilize the #XRP -Ledger! pic.twitter.com/eLG6W9ysND — JackTheRippler © (@RippleXrpie) April 26, 2025 Ripple to Act as the Necessary Intermediary Layer In the video, Monica Long addressed the challenges and realities of integrating blockchain technology into traditional banking systems. She stated, “It’s not realistic that the existing systems like banks are going to plug directly into the blockchain. They do need some connective tissue. That’s what we provide.” Long clarified that Ripple’s role is to act as the necessary intermediary layer that enables financial institutions to access and utilize blockchain technology, particularly through the XRP Ledger. Infrastructure Services to Facilitate Blockchain Integration Elaborating further, Long described what infrastructure means within this context. She explained that infrastructure services include on-ramps to convert fiat currencies into digital assets and off-ramps to convert them back. Secure custody solutions are also part of the infrastructure Ripple aims to offer, ensuring that institutions have a safe and compliant method to store digital assets. In addition, Ripple intends to provide stablecoins and tokenization services to assist institutions in bringing traditional assets onto the blockchain. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Emphasis on the XRP Ledger’s Efficiency for Institutional Use Long also reinforced Ripple’s historic connection to the XRP Ledger. She reminded viewers that Ripple’s origin is rooted in the development of the XRP Ledger by three developers. She emphasized that Ripple has always believed in creating use cases that leverage the unique efficiencies of the XRP Ledger . According to her remarks, the range of services Ripple is currently focused on building will primarily operate through the XRP Ledger, ensuring financial institutions can adopt blockchain technology more easily and securely. Strengthening Financial Institutions’ Access to Blockchain JackTheRippler’s post highlighted the significance of this announcement for the broader crypto and banking industries. The XRP Ledger, originally designed to facilitate fast and cost-effective transactions, is positioned to become a key platform for institutional blockchain adoption. By serving as the connective infrastructure, Ripple aims to bridge the traditional financial system and decentralized technology, facilitating a smoother transition without requiring banks to overhaul their existing systems. Ripple’s strategy, as detailed by Monica Long, underscores a strong commitment to enabling financial institutions to benefit from blockchain’s efficiencies. Ripple’s provision of critical services like fiat on-ramps, custody solutions, stablecoin support, and asset tokenization layers will ensure that banks can interact with the XRP Ledger seamlessly. As this strategy unfolds, it would enhance institutional trust and participation in the blockchain ecosystem, with Ripple at the center of this evolution. 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. Follow us on X , Facebook , Telegram , and Google News The post Ripple President Drops Bombshell Statement About Ripple, XRP, and Banks appeared first on Times Tabloid .

Source: TimesTabloid