In summary:

The CEO of Ripple, Brad Garlinghouse, has expressed optimism in the move by the OCC declaring that US banks can now offer crypto custody solutions to their customers. The Office of the Comptroller of the Currency (OCC) explained the time was nigh for US banks to keep up with technology advancements as well as the growing needs of their customers to safely store digital assets.

It is with this background that Mr. Garlinghouse enthusiastically commented via Twitter that the move would foster innovation and provide a level playing field for all. Additionally, he expla ined that it was high time fiat and crypto coexisted in harmony. His exact comments were as follows

BOOM! Todays ruling is a huge step forward. The @USOCC is absolutely leading the way to foster innovation, protect consumers and provide a level playing field for all. The future has never been fiat versus crypto these can and should coexist in harmony!

His comments were echoed by Ripples general counsel, Stuart Alderoty, via the following Tweet.

To note is that Brad Garlinghouse has been calling for regulatory clarity in the US with regards to the crypto and blockchain industries. This move by the OCC provides an avenue for Ripple to offer its various payment settlement solutions to the various US banks by possibly highlighting the speed, efficiency and interoperability of the XRP ledger.

Disclaimer:This article is not meant to give financial advice. Any additional opinion herein is purely the authors and does not represent the opinion of EWN or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

More here:

Ripple CEO: Fiat and Crypto Should Coexist in Harmony - Ethereum World News