Why This Approval Quietly Unlocks XRP Utility

[johnblockbuster]

The key detail is that UK institutions can now send cross-border payments “using digital assets” through Ripple’s licensed platform. Ripple also reminded readers that its infrastructure runs on the XRP Ledger, where XRP is the native settlement asset.

Banks don’t want to touch blockchains directly. They want compliant rails, minimal counterparty risk, and operational simplicity. The EMI license allows Ripple to handle the regulated fiat side of payments in the UK — historically the biggest bottleneck for crypto settlement.

When fiat rails work seamlessly, XRP can do its job quietly: fast, low-cost value transfer between currencies.

[tradelikepro]

banks not touching blockchains directly is the least shocking part of this whole thing