FeesSafety
Pluang+

Old Glory Bank delays XRP crypto services launch to early 2027 after failed merger and regulatory hurdles

Market News
12 Nov 2026, 13:26 WIB
Coinpaper
View Source
Neutral
Old Glory Bank delays XRP crypto services launch to early 2027 after failed merger and regulatory hurdles

Old Glory Bank plans to support XRP transactions and crypto-to-dollar conversions via its digital platform but faces delays due to a failed merger and regulatory capital restrictions. The bank aims for an early 2027 launch after abandoning a merger with Digital Asset Acquisition Corp., which was blocked by the Federal Reserve. Initial crypto support will include Ethereum, Polygon, and PulseChain, with XRP and Bitcoin added later. The bank also plans to introduce a dollar-backed stablecoin, OGUSD, to facilitate transfers between bank accounts and blockchain networks. Regulatory challenges, including being classified as significantly undercapitalized by the FDIC, have complicated the rollout. This move reflects growing interest in integrating blockchain payments with traditional banking, though adoption of XRP by banks does not guarantee increased demand for the token.

XRP trades at Rp18.863 on Pluang as of Nov 12, 2026 18:41 WIB, showing a 1.39% decline in the past day despite strong buy interest with 97% of orders on Pluang being purchases. The token's market cap stands at Rp1.219,73 trillion, with a 24-hour trading volume of Rp32,09 trillion and a typical hold time of 73 days. This trading activity occurs while Old Glory Bank plans to integrate XRP off-ramps into its platform, although the launch has been delayed to early 2027 due to regulatory and merger setbacks.

More News (XRP)

XRP price dips 1.15% to $1.05, hovering near the $1 mark.

XRP price dips 1.15% to $1.05, hovering near the $1 mark.

XRP was trading at $1.05 as of early Thursday morning, reflecting a 1.15% decrease over the past 24 hours. The price remains close to the $1 level, indicating some market hesitation or consolidation around this price point. This movement is relevant ...

Market News
Bearish
5 hours ago
XRP Ledger hits 4-month high with 41,700 active accounts amid price struggles near $1

XRP Ledger hits 4-month high with 41,700 active accounts amid price struggles near $1

The XRP Ledger's active accounts surpassed 41,000 for the first time since July 2025, reaching about 41,700 unique senders. This rise in network activity coincides with XRP's price struggling around the $1 mark, facing downward pressure and risk of f...

Protocol Fundamentals
Bearish
6 hours ago
Large holders accumulate XRP as price nears $1, signaling potential support amid market fear.

Large holders accumulate XRP as price nears $1, signaling potential support amid market fear.

Large XRP holders, known as shark wallets, have increased their holdings by over 16,810 tokens in nine months, showing accumulation as the price approaches the $1 level. Despite a 30% drop in market capitalization and bearish trading volume, these bi...

Market News
Neutral
6 hours ago
Dogecoin leads funding rates among major cryptos with 9.3% annualized, while open interest mostly falls.

Dogecoin leads funding rates among major cryptos with 9.3% annualized, while open interest mostly falls.

Dogecoin (DOGE) had the highest funding rate among five major cryptocurrencies on Nov. 11, with an annualized rate of 9.3%, indicating strong demand for long positions. Despite this, open interest fell slightly for DOGE, Bitcoin, XRP, and Solana, whi...

Neutral
6 hours ago
Ripple's XRPL lending protocol nears launch, letting XRP holders earn native interest directly on the ledger.

Ripple's XRPL lending protocol nears launch, letting XRP holders earn native interest directly on the ledger.

Ripple's XRP Ledger (XRPL) is close to launching a new lending protocol that allows XRP holders to earn interest natively. The protocol has gained 22 of 35 validator votes, needing 29 for activation. It enables fixed-term, uncollateralized loans mana...

Protocol Fundamentals
Bullish
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App