Fintech company Monerex has partnered with the XRP Ledger (XRPL) to build the first Web 3.0 bank, aiming to facilitate peer-to-peer transactions and reduce costs by eliminating intermediaries. Monerex plans to capitalize on XRPL's scalability, security, energy efficiency, and decentralization to create a seamless Web3 banking infrastructure that promotes financial inclusivity. The bank will support cryptocurrencies, stablecoins, and traditional currencies, and will prioritize security through cryptographic transactions and immutable ledgers. Additionally, XRPL has collaborated with the Axelar Foundation to enhance interoperability and drive innovation in the blockchain ecosystem. These developments could impact the price of XRP, which has seen a decline in the past week.



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