BankSocial Teases XRP Partnership Following Groundbreaking Ripple Talks

Ripple’s corridors of power just got a lot more interesting. BankSocial—the fintech upstart that somehow still calls itself ’social’—dropped heavy hints about XRP integration after closed-door meetings with Ripple brass.

When banks and blockchain collide

The coy announcement suggests BankSocial could become the latest platform to leverage Ripple’s much-hyped but regulator-battered payment infrastructure. No details yet on whether this means ODL deployment or just another ’strategic partnership’ destined for the crypto graveyard.

Wall Street won’t like this one bit

If executed, this could give XRP holders something they haven’t felt in years: genuine utility. Meanwhile, traditional finance executives will clutch their pearls over coffee—another banking-adjacent service cutting them out of the action.

TLDR

• BankSocial CEO confirmed a strategic meeting with Ripple that could reshape international settlements.
• The company integrates XRP into its platform to enhance cross-border liquidity and jurisdictional reach.
• HBAR remains the core blockchain powering backend operations and consensus for BankSocial’s infrastructure.
• XRP will handle external money movement while HBAR supports internal processes and real-time verifications.
• The native BSL token continues to govern the ecosystem, enabling lending, staking, and decentralized decision-making.

BankSocial CEO John Wingate recently confirmed a strategic shift that includes XRP and HBAR in the blockchain roadmap. This development followed a high-level meeting with Ripple, which Wingate described as a major milestone. The initiative indicates a broader multichain strategy targeting global financial infrastructure and cross-border settlements.

Hedera Strengthens BankSocial Financial Network

BankSocial continues to build its core platform on Hedera Hashgraph, using HBAR for backend services and consensus operations. The Hedera Consensus Service enables fast state verifications and supports real-time application network functions for BankSocial. This backend system strengthens reliability while meeting financial institutions’ speed and security requirements.

Wingate reiterated that HBAR remains a foundational part of BankSocial’s system for managing internal processes and backend settlements. Its enterprise-grade speed and finality ensure efficient operations for real-world asset tokenization. These features are essential for institutions and governments partnering on regulated blockchain services.

Just had a meeting with the @Ripple team.

A great meeting. Maybe the greatest meeting in the history of international settlements.@hedera and $HBAR are still a huge part of the strategy.

And now, so is $XRP

You’re not thinking BIG enough. Think BIG – then 1000000000x it.

— John Wingate (@PresidentHODL) May 23, 2025

BankSocial leverages HBAR’s efficiency to support its native BSL token, which powers decentralized governance, lending, and staking across its platform. The combined setup forms a reliable infrastructure for handling financial workflows. It also sets the stage for seamless integration with other blockchain systems.

BankSocial Adds XRP for Global Liquidity

BankSocial now incorporates XRP to enhance international money movement and expand jurisdictional coverage for global payments. XRP enables fast cross-border transactions with minimal fees, making it ideal for financial systems needing instant liquidity. The asset’s strength complements HBAR’s backend capabilities, aligning both tokens within a broader settlement model.

According to Wingate, XRP will focus on external-facing transactions, particularly when bridging currencies across different financial zones. This positions XRP as the liquidity engine driving international fund transfers through BankSocial’s new settlement rails. The aim is to build a compliant, real-time bridge between jurisdictions using XRP Ledger’s proven efficiency.

Multichain. XRP too 🫶

— BankSocial.io (@BANKSOCIALio) May 19, 2025

By using XRP for liquidity and HBAR for backend operations, BankSocial aims to establish a scalable multichain ecosystem. Each blockchain provides a distinct role within a shared framework focused on real-world utility. This separation of functions ensures optimal performance across financial applications.

BSL Token Governs the Ecosystem and Enables User Utility

BankSocial’s BSL token supports governance, lending, and rewards within its decentralized finance structure. It serves as the operational utility token for users engaging with the platform’s financial services and acts as a control mechanism within the decentralized autonomous organization (DAO).

BankSocial users can stake, vote, and participate in community-driven decision-making through BSL. This governance model ensures decentralized control while supporting regulatory compliance across integrated services. BSL’s role continues to expand as BankSocial broadens its multichain offerings.