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- Rizwan AnsariRizwan Ansari
- Reviewed by:
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 12, 2025 06:10 UTC
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Fact Check: Are Banks in El Salvador Rolling Out $XRP Services?
There’s a lot of news circulating online with claims that banks across El Salvador are now launching XRP services, joining the country’s “crypto revolution.” XRP Supporters say this move would put Ripple’s token at the heart of Central American finance..
But is it happening, and what do official sources say? Let’s break down the evidence in clear, simple words.
Where Did This Claim Start?
The claim started trending after XRP community members announced that “banks in El Salvador are rolling out XRP services! The claim quickly caught fire when several leading banks were “set to enable” or “already launching” XRP for deposits, payments, or remittances
These posts suggest that XRP, like Bitcoin before it, is getting a green light from both banks and the government.
Fact Check By Coinpedia: What’s Being Rolled Out?
New Investment Banking Law:
In August 2025, El Salvador passed a major law allowing investment banks in the country to offer digital asset services, including Bitcoin and other cryptocurrencies. The law was designed to let banks hold digital assets, manage tokenized investments, and cater to wealthy individuals and companies.
Focus Still on Bitcoin
Nearly all official announcements, government press releases, and major news coverage focus on Bitcoin and its banking rollout, not XRP. The Investment Banking Law and related statements discuss Bitcoin as legal tender and as the primary asset for new bank services.
As of August 2025, there is no mention of a specific law, government directive, or policy promoting XRP services for El Salvador’s national banks.
Are Any Banks Offering XRP?
While the new law allows banks to manage digital assets, it neither requires nor specifically authorizes XRP services. So far, there are no confirmed, official reports or press releases from El Salvador’s Central Reserve Bank, major commercial banks, or regulatory bodies stating they are rolling out XRP banking or payment services.
No Public Rollout Yet
The only sources directly tying El Salvador’s banks to XRP services are social media posts and crypto community speculation. Trusted financial and crypto news outlets, as well as El Salvador’s public banking authority, have not confirmed any such program for XRP—only for Bitcoin.
Summary Table: 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 pushing hard on crypto banking innovation and banks now have legal clearance to offer digital asset services, there’s still no official statement, press release, or regulatory document confirming the rollout of XRP services in national banks. |
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