XRP Takes the Spotlight in BankSocial's Expanding Strategy

By John Wingate, the CEO of BankSocial and a key developer within the Hedera ecosystem

A recent meeting between John Wingate, CEO of BankSocial and a key developer within the Hedera (HBAR) ecosystem, and members of Ripple’s team has drawn significant attention.

Describing the discussion as “possibly the greatest meeting in the history of international settlements,” Wingate signaled that XRP is now central to a broader strategy that may reshape the future of decentralized finance.

XRP Takes the Spotlight in BankSocial’s Expanding Strategy

In a post on X, Wingate challenged observers to significantly scale their expectations: “You’re thinking BIG enough. Think BIG, then 1,000,000,000x it.” His comments have stirred new discussions around XRP’s role in cross-chain financial infrastructure.

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 thinking BIG enough. Think BIG – then 1000000000x it.

While Hedera and its native token HBAR remain at the core of BankSocial’s foundational operations, Wingate has confirmed that XRP has been added to the mix, potentially signaling a strategic pivot.

This move reflects a layered model where each blockchain asset is assigned a distinct utility. According to Wingate, the BankSocial roadmap now includes a multichain structure that integrates HBAR, XRP, and BankSocial’s native token, BSL.

When asked by an X user, presidentmorty.hbar how “@Ripple, @hedera and @BANKSOCIALio fit into place,” Wingate explained that HBAR is used for backend processes, state verifications, and application networks through the Hedera Consensus Service (HCS).

XRP, on the other hand, handles global liquidity and facilitates international value transfers into targeted jurisdictions. While BSL functions as the operational token within BankSocial’s DAO, supporting lending, staking, and governance.

Together, these assets form what Wingate refers to as “a new financial paradigm,” aiming to merge blockchain innovation with real-world financial systems.

Multichain Vision Includes XRP Ledger

Although no formal partnership has been disclosed between Ripple and BankSocial, several recent posts from the company suggest an increasing integration of XRP. A May 19 response from BankSocial on X confirmed this direction: “Multichain. XRP too,” when asked about blockchain support for their upcoming platform.

The platform will reportedly enable users to purchase cryptocurrencies and stocks directly from bank and credit union accounts. Previously understood to be built entirely on Hedera, the mention of XRP indicates a broader blockchain inclusion strategy moving forward.

Previous Indications of a Dual-Chain Framework

Wingate has hinted at this direction in the past. In March, he shared that BankSocial was engaged with governments and financial institutions globally in areas such as asset tokenization and money movement. At that time, he named both XRP and HBAR as “major components” of these ongoing initiatives.

Additionally, Wingate pointed to the fact that both XRP and HBAR are members of the DeRec Alliance, an initiative focused on decentralized recovery solutions, highlighting shared values and infrastructure priorities across both networks.

John Wingate’s recent statements make it clear that BankSocial’s strategic outlook is evolving rapidly. With Hedera remaining central, adding XRP introduces new capabilities related to liquidity, jurisdictional reach, and interoperability.

The crypto community will be watching closely to see how this multichain vision develops, and whether Ripple, BankSocial, and Hedera will formalize the collaboration hinted at in these statements.

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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