• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
XRP

Financial Expert Says This Move By JPMorgan Validates XRP As A Legitimate Asset

Scott Matherson
by Scott Matherson
1 month ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Market expert Paul Barron has commented on JPMorgan’s potential move to offer crypto-backed loans. The analyst further noted how this development provides more legitimacy to XRP as an asset class. 

How JPMorgan’s Move Is “Massive” For XRP

In an X post, Paul Barron noted that JPMorgan, which boasts $4.3 trillion in assets under management (AuM), is considering crypto-backed loans. He declared that this is a huge validation for XRP, ETH, and BTC as legitimate collateral assets. The expert added that when the world’s largest bank recognizes crypto’s value as loan backing, then the market is witnessing the bridge between TradFi and DeFi.

Related Reading: Ripple Won’t Dump Its XRP Escrow Holdings: Lawyer Reveals Why It’s Actually Good For Price

JPmorgan reportedly plans to roll out this credit service by 2026, in which it will start lending directly against these major crypto assets. Although the bank is initially focusing on Bitcoin and Ethereum, XRP could also become an option at some point. The altcoin is currently the third-largest crypto by market cap, which makes it the next suitable option after BTC and ETH.  

Such a move for XRP would be massive, considering it could lead to greater adoption among traditional finance clients who want to access JPMorgan’s credit services. Meanwhile, it is worth noting that the altcoin’s potential is well known to the bank, as they commented earlier this year on the potential inflows the XRP ETFs could attract. 

The banking giant predicted that the XRP ETFs could attract between $4 billion and $8 billion in their first year, based on the altcoin’s market cap of $146 billion at the time. However, XRP’s market cap has since surged, topping $200 million recently. As such, these ETFs could even witness higher inflows as they potentially get approved this year. 

XRP Already In The TradFi Space Through Ripple

Ahead of JPMorgan’s potential approval of XRP as collateral, it is worth noting that the altcoin is already in the traditional finance (TradFi) space, thanks to Ripple’s operations. The altcoin is even set to enjoy greater adoption thanks to Ripple’s application for a national banking license. A banking license would expand the firm’s payment operations, of which XRP plays a crucial role.

Related Reading: ‘XRP Is The End Game’ — Pundit Reveals Why It’s Better Than Bitcoin

The approval of Ripple’s application still hangs in the balance, as U.S. banking associations have urged the Office of the Comptroller of the Currency (OCC) to delay its approval. Pro-XRP lawyer John Deaton has, however, come to Ripple’s defense. 

In an X post, he called on Treasury Secretary Scott Bessent and White House Officials David Sacks and Bo Hines to intervene and caution the banking associations, which are opposed to the banking license being granted. 

At the time of writing, the XRP price is trading at around $3.12, down over 10% in the last 24 hours, according to data from CoinMarketCap.

XRP
XRP trading at $3.09 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

XRP

What To Expect If XRP ETFs Get Approval From The SEC

14 minutes ago
DOGE ETF crypto hype: kan Dogecoin 1 euro worden

The XRP Community Has Spoken: Consensus Shows When They Plan To Sell Their Coins

1 hour ago
XRP price

XRP Price Confirms Descending Trendline Breakout, Here Are The Targets

10 hours ago
XRP

XRP Futures Cooloff: Binance OI Declines 37% From Peak

15 hours ago
XRP ETF

If You’re Holding XRP, Then You Should See This Warning From Ripple CTO

1 day ago
XRP

XRP Ledger Update: What The Zero-Knowledge Privacy Launch Means For Ripple Investors

1 day ago

Premium Sponsors

Press Releases

  • miner

    Ripple (XRP) is attracting investor interest: ALL4 Mining...

    2 hours ago
  • MINER

    2025 Free Crypto Cloud Mining Sites Detailed Guide: No...

    4 hours ago
  • BAY Miner’s

    BTC Swings? BAY Miner’s USD Contracts Yield $85,777...

    4 hours ago
  • Bitcoin

    BTC’s surge doesn’t wait! GMO Miner helps you...

    4 hours ago
  • Cloud Mining

    Compliance and High Returns: ALR Miner Cloud Mining, with...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.