SoFi has added XRP to its crypto platform, and Ripple wasted no time calling it a win. But inside the XRP community, the reaction is more complicated.
The national bank now lets users deposit and hold XRP alongside Bitcoin, Ethereum, and Solana. Ripple framed the listing as a step toward broader participation, arguing that putting XRP inside a regulated banking app means more people can access it with less friction.
The problem is that users cannot withdraw XRP to external wallets. That single limitation has shifted the conversation from adoption to whether this move means anything at all.
More people holding XRP inside more systems builds utility over time. Getting into a regulated, nationally chartered bank is not a small thing, and the visibility alone matters.
Critics disagree. If XRP cannot move off the platform, it cannot be used in cross-border payments, DeFi, or self-custody. It sits inside the app and goes nowhere. For an asset whose core value proposition is fast, low-cost settlement, that is a significant caveat.
One community member put it plainly, asking how this increases utility when XRP is locked inside a SoFi account and is not being used for cross-border payments, the way SoFi uses the Bitcoin Lightning Network.
SoFi’s support team responded publicly, confirming that crypto withdrawals are coming soon without giving a specific date.
Not everyone is writing the integration off. Analyst Bill Morgan said Ripple may have a deliberate longer-term plan behind the listing. In his view, the limited launch could be intentional, with deeper functionality rolling out once deposit volumes grow. He also flagged RLUSD, Ripple’s stablecoin, as a possible next step if the partnership expands.
XRP currently ranks as the fourth largest cryptocurrency by market cap, sitting at roughly $89B billion. The SoFi listing adds a retail banking channel, but without withdrawal support, its practical impact on network activity remains limited for now.
The debate cuts to something XRP holders have argued about for years: the difference between price exposure and actual utility. SoFi gives users the former. Whether the latter follows depends on what comes next.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Another week, another altcoin claiming it's "different this time." But here's the thing about NEAR…
BEAT price just went vertical. Again. The token surged from roughly $0.54 to $1.44 in…
BSB price isn’t just pumping anymore but it’s steamrolling through derivatives markets while traders scramble…
XRP price is starting to flash signs of hesitation at a level traders have been…
Ethereum is facing growing bearish pressure as both technical indicators and derivatives data begin signaling…
While the broader crypto market, including Bitcoin & Ethereum, remains under pressure, a few altcoins…
