Ah, the sweet scent of speculation wafting through the digital air! It seems that the good people of El Salvador are now purportedly on the brink of a financial renaissance, with banks allegedly rolling out XRP services as if they were handing out free samples of bread at a bakery. 🍞
But before we all don our party hats and dance in the streets, let us pause and ponder: is this really happening, or are we merely chasing shadows? Let us dissect this delightful morsel of news with the precision of a surgeon and the humor of a jester.
Where Did This Claim Start?
Our tale begins in the bustling realm of social media, where XRP enthusiasts proclaimed, “Banks in El Salvador are rolling out XRP services!” The excitement spread like wildfire, igniting imaginations and perhaps a few too many dreams of riches. 💰
These enthusiastic proclamations suggested that XRP was about to take its rightful place alongside Bitcoin, basking in the warm glow of governmental approval. But alas, the reality may be less glamorous than the fantasy.
Fact Check By Coinpedia: What’s Being Rolled Out?
New Investment Banking Law:
In a rather bold move, El Salvador passed a law in August 2025, allowing investment banks to dabble in the world of digital assets, including Bitcoin and other cryptocurrencies. This law was crafted with the intention of letting banks hold digital assets and cater to the wealthy elite, because who doesn’t love a good game of Monopoly? 🎩
Focus Still on Bitcoin
Despite the fanfare, it appears that the spotlight remains firmly fixed on Bitcoin. Official announcements and government press releases are singing the praises of Bitcoin as the legal tender, while XRP seems to be left out in the cold, shivering in the shadows. ❄️
As of August 2025, there is nary a mention of XRP in any official capacity. It’s as if the government has decided that XRP is the awkward cousin no one wants to invite to the family reunion.
Are Any Banks Offering XRP?
While the new law allows banks to manage digital assets, it does not specifically endorse XRP services. So far, the only confirmations we have are from social media posts and the wild imaginations of crypto enthusiasts. The Central Reserve Bank of El Salvador has not issued any official statements regarding XRP, leaving us all in a state of suspense. 🎭
No Public Rollout Yet
In the grand theater of finance, the only actors claiming a connection between El Salvador’s banks and XRP are the social media influencers and crypto community speculators. Trusted financial outlets and the public banking authority have yet to confirm any such program for XRP-only for Bitcoin, the star of the show. 🌟
Coinpedia’s Evidence
| Claim | Coinpedia’s Evidence & Facts |
| Banks in El Salvador are rolling out XRP | No official central bank/major bank confirmation; digital asset laws focus on Bitcoin as of Aug 2025 |
| XRP is approved by the government/regulator | No press statement, legal tender status, or specific national policy referencing XRP |
| XRP is widely used in El Salvador banks | No public rollouts, only social media rumors and crypto speculation |
Conclusion
| Claim | Claim: Banks in El Salvador are rolling out XRP services. |
| Verdict | False |
| Fact-Check by Coinpedia | While El Salvador is indeed pushing hard on crypto banking innovation, there’s still no official statement, press release, or regulatory document confirming the rollout of XRP services in national banks. So, let’s keep our excitement in check, shall we? 😅 |
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2025-08-12 09:52