Why does Ripple want access to a Fed master account?

[cryptohog]

Access to a Fed master account allows crypto firms to directly settle USD payments with the Federal Reserve, reducing reliance on correspondent banks. Ripple argues this enhances stability, regulatory compliance, and efficiency, putting crypto firms on par with traditional banks while adhering to AML/KYC/OFAC standards.

[alex10]

A Fed account would let Ripple settle transactions directly, bypassing intermediary banks.

[Nahid Hossen]

Direct access could revolutionize payment efficiency while aligning Ripple with U.S. financial infrastructure.