XRP News Today: Ripple's US Banking Charter Bid Could Spark Crypto Banking Revolution

Vincent Van Code, a software engineer and long-time XRP advocate, has sparked a lively debate within the crypto community by discussing the potential implications of Ripple's bid for a US banking charter and a Federal Reserve master account. Ripple confirmed these developments on 2 July, which could position the company at the forefront of both crypto innovation and traditional financial infrastructure.

According to Van Code, obtaining these regulatory approvals would have far-reaching effects beyond Ripple's current operations. He posted on X that Ripple's move to seek a banking charter and a Fed master account could make it the first crypto bank. This would enable Ripple to hold reserves directly with the Federal Reserve, bypassing commercial banks, and operate as a full-service financial institution offering both fiat and crypto products. This includes the ability to provide FDIC-insured deposit accounts—potentially even for certain crypto assets—up to the $250,000 limit, and lend against crypto collateral such as XRP. Van Code described this potential integration of insured crypto banking and core cross-border remittances as a paradigm shift, predicting that the years 2025 to 2026 could mark the beginning of the end for the traditional banking cartel.

A master account would allow Ripple to interact directly with the Fed’s payment rails, including Fedwire and FedNow, giving it full access to the US financial system as a settlement counterparty. Combined with its push into stablecoins through RLUSD and its remittance infrastructure RippleNet, such a regulatory leap could fully embed Ripple into both domestic and international payment flows.

In a follow-up post, Van Code offered a specific XRP price prediction, stating that he believes the price could reach $30–$50. He emphasized that these targets are not arbitrary but are grounded in a set of unfolding macro and market catalysts. Among these catalysts, Van Code cited potential XRP spot ETF approval and an estimated $20–$50 billion in institutional capital inflows. He also pointed to a potential master account approval coupled with RippleNet capturing 20–30% of the $1 trillion cross-border payments market, and global adoption of XRP as a bridge asset for central bank digital currency (CBDC) corridors in over 50 countries.

Van Code further noted the rising use case for Ripple’s stablecoin RLUSD, arguing that demand for a Fed-backed digital dollar would reinforce XRP’s utility as a bridge currency. He also suggested that XRP could be used in Saudi oil settlements, citing Ripple’s confirmed 2024 collaboration with the Saudi central bank as a possible foundation for that evolution.

His posts have resonated with the XRP community, with many expecting the price to at least quintuple. The idea that XRP could rise to $30–$50 implies a market cap in the trillions, which skeptics may find unrealistic. However, for XRP holders who see Ripple’s regulatory path as a backdoor to institutional legitimacy, the confluence of a Fed master account, bank charter, ETF inflows, and global adoption isn’t merely theoretical. It’s a roadmap.