{"id":68928,"date":"2025-05-25T04:00:35","date_gmt":"2025-05-25T04:00:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=68928"},"modified":"2025-05-25T04:00:35","modified_gmt":"2025-05-25T04:00:35","slug":"think-big-multiply-it-by-a-billion-xrp-tied-to-greatest-global-meeting-ceo","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=68928","title":{"rendered":"Think Big? Multiply It By A Billion \u2014 XRP Tied To \u2018Greatest\u2019 Global Meeting: CEO"},"content":{"rendered":"

BankSocial\u2019s CEO, John Wingate, stirred up chatter this week by saying he met with Ripple\u2019s team. He called it \u201cpossibly the greatest meeting in the history of international settlements.\u201d It got people talking about whether BankSocial, Hedera, XRP<\/a> and Ripple are about to team up in a big way. But so far, no one outside Wingate\u2019s circle has confirmed a deal.<\/p>\n

BankSocial Adds XRP To Roadmap<\/strong><\/h2>\n

Based on reports, Wingate still sees HBAR as a major piece of BankSocial\u2019s plan. He wrote that HBAR will power backend operations and state checks. He also said XRP is now part of the mix. That hints at a dual-chain setup, with HBAR handling the heavy lifting and XRP moving money between borders. His words were clear: HBAR stays core, but XRP steps into the picture too.<\/p>\n

Just had a meeting with the @Ripple<\/a> team.<\/p>\n

A great meeting. Maybe the greatest meeting in the history of international settlements.@hedera<\/a> and $HBAR<\/a> are still a huge part of the strategy.<\/p>\n

And now, so is $XRP<\/a><\/p>\n

You\u2019re not thinking BIG enough. Think BIG \u2013 then 1000000000x it.<\/p>\n

\u2014 John Wingate (@PresidentHODL) May 23, 2025<\/a><\/p>\n

Three Tokens, Three Roles<\/strong><\/h2>\n

According to Wingate, each token has its job. HBAR<\/a> runs the Hedera Consensus Service for checking states and handling network messages. XRP moves cash across borders, especially into certain jurisdictions. BSL, BankSocial\u2019s own token, is for lending, staking and running its DAO. Short story: HBAR does the engine work, XRP moves the money, and BSL runs the bank\u2019s in-house features.<\/p>\n

Billion-X Ambitions<\/strong><\/p>\n

In his post, Wingate challenged followers to \u201cthink BIG, then 1,000,000,000x it.\u201d He wants a massive network that links banks, blockchains and countries. That\u2019s a big ask. It points to a goal of tokenizing real-world assets and moving them without the usual delays or fees. If it works, it could reshape how banks use blockchain<\/a> tech. But he didn\u2019t share any timelines or proof of concept.<\/p>\n

Multichain. XRP too <\/p>\n

\u2014 BankSocial.io (@BANKSOCIALio) May 19, 2025<\/a><\/p>\n

Unconfirmed Partnership Details<\/strong><\/p>\n

On May 19, BankSocial replied to a teaser about its new platform with \u201cMultichain. XRP too.\u201d That suggests the upcoming system\u2014built on Hedera\u2014will add XRP Ledger support. Yet there\u2019s no press release from Ripple or Hedera saying they\u2019ve signed on. Based on reports, this remains a well-publicized rumor more than a formal pact. Developers and users haven\u2019t seen a test network or demo.<\/p>\n

Wingate also hinted at this two-chain plan back in March. He said BankSocial works with banks and governments on asset tokenization and cross-border cash movement. He named both XRP and HBAR as \u201cmajor components.\u201d He even pointed out they\u2019re part of the DeRec Alliance, a group set on building open finance tools.<\/p>\n

For now, the market is watching. If BankSocial can pull off a three-token setup, it might open new paths for banks to handle crypto and stocks directly from customer accounts. But until code appears or an official alliance is announced, this is still a story in progress. Keep an eye on Wingate\u2019s next posts and any updates from Ripple or Hedera.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

BankSocial\u2019s CEO, John Wingate, stirred up chatter this week by saying he met with Ripple\u2019s team. He called it \u201cpossibly the greatest meeting in the history of international settlements.\u201d It got people talking about whether BankSocial, Hedera, XRP and Ripple are about to team up in a big way. But so far, no one outside […]<\/p>\n","protected":false},"author":0,"featured_media":68929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-68928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/68928"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68928"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/68928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/68929"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}