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It's the Ripple company, not the shitcoin that's applied for the license. Circle has also applied on Monday, again not their stablecoin.
But what's the need for more banks?
Banks are the gatekeepers to settle transactions with fiat so if you can get a banking license and settle payments within the fed network it is a huge deal for tech business that doesn’t have all the physical locations and have a considerable edge with banking software. All banking apps pretty much suck
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