Ripple’s $1 Billion Move and National Bank Ambition Have Critics Nervous
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The post Ripple’s $1 Billion Move and National Bank Ambition Have Critics Nervous appeared first on Coinpedia Fintech News Last week, Ripple announced a $1 billion acquisition of GTreasury, showing the growing demand for its technology among major financial institutions. The goal behind this deal is to help Ripple expand deeper into traditional finance by combining blockchain technology with existing banking systems. However, CIO at SWIFT, Tom Zschach, claimed that Ripple lacks client trust, regulatory capital, and settlement access. His comments quickly drew a response from crypto lawyer Bill Morgan, who called the criticism unfair and inconsistent. Ripple’s Progress in Finance Morgan explained that Tom’s statements contradict themselves. On one hand, Tom says banks are moving ahead by adding digital asset infrastructure into their treasury systems. On the other, he criticizes Ripple for doing the same thing. Ripple’s new acquisition, GTreasury, already serves 1,000 clients in more than 160 countries. This, he said, is exactly what banks are aiming for. He further noted that Ripple has applied for a U.S. national bank charter, which would allow it to operate as a fully regulated bank. He added, “It seems Ripple is doing what he says the banks are doing by embedding digital asset infrastructure into an existing treasury ecosystem. One unified platform.” .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Ripple News: New XRP ETF Deadlines Revealed , Ripple Steps Closer to Mainstream Finance Ripple has clearly evolved from being just a blockchain company to becoming a regulated financial player. With its XRP-based cross-border payment solutions and the clarity it received…
Filed under: News - @ October 21, 2025 6:28 pm