Ripple On Its Way to Becoming a Bank of Its Own, with XRP at Its Core

Versan Aljarrah, co-founder of Black Swan Capitalist and a well-known supporter of XRP, recently shared a post praising Ripple’s growing position within global finance.

“Ripple has cornered the market with the full backing of regulators, financial institutions, and private banks,” he wrote, adding that the company is “on its way to becoming a bank of its own, with XRP at its core.”

The post included a video of Ripple CEO Brad Garlinghouse delivering a speech that reflects Ripple’s evolution and the transformation of the financial landscape surrounding digital assets.

Incredible speech @BGarlinghouse

It’s true, @Ripple has cornered the market with the full backing of regulators, financial institutions, and private banks.

Ripple is on its way to becoming a bank of its own, with $XRP at its core, one that will eventually replace central banks. pic.twitter.com/8RM4JOtz6O

— Black Swan Capitalist (@VersanAljarrah) November 6, 2025

Garlinghouse Recalls Ripple’s Early Exclusion from Sibos

In the video, Garlinghouse recounted an early challenge Ripple faced when it was denied participation at Sibos, the annual financial services conference organized by SWIFT. “SWIFT wouldn’t let us attend Sibos,” he said. “Some people don’t know, it’s a true story, we couldn’t get a space, a booth at Sibos.”

He explained that rather than backing down, Ripple chose to hold its own event nearby. Ripple Swell has become a major hub for global financial giants. Garlinghouse noted that SWIFT’s decision had unintended consequences. “I think very quickly, SWIFT regretted their decision because they created more of a monster by pushing us out.”

The moment he suggested marked a turning point for Ripple as the company continued to challenge the boundaries of traditional finance. Many notable developments took place during the 2025 event, including a major announcement of a partnership between Ripple and MasterCard to bring RLUSD credit card settlements to the XRP Ledger.

A New Era for Crypto and Blockchain

Nine years later, Garlinghouse emphasized, the company’s circumstances have changed dramatically. “The world looks profoundly different,” he said. He highlighted how Ripple has grown from a small disruptive force into a company integrated with major players across the financial ecosystem.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

What began as a startup seeking legitimacy now collaborates with traditional institutions once seen as competitors. Garlinghouse closed his remarks by acknowledging how the perception of digital assets has shifted. “Crypto and blockchain have moved from being taboo words to being part of the fabric of society,” he said.

The statement reflects how both Ripple and the digital asset industry have matured from speculative beginnings to recognized components of modern financial infrastructure. Ripple is also much closer to becoming a bank with its national trust bank charter application currently under review by the OCC.

Aljarrah sees the company’s achievements as part of a larger movement toward institutional integration of blockchain-based solutions, and Ripple now operates on a level once reserved for established financial powerhouses.

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 advised to conduct thorough 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.

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