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Monica Long, the president of Ripple, has suggested that a significant shift in how institutions utilize blockchain technology may be on the horizon. In a recent interview, she commented on the changing attitudes of major financial institutions, indicating a dramatic change after years of uncertainty.

“It seems like the floodgates will open this year,” she stated, referencing a resurgence of interest from international banks that had previously been cautious due to regulatory concerns.”

Long noted that institutions such as Bank of America, which was one of Ripple’s initial partners during its early payment solution phase, are now showing a marked increase in their interest in adopting XRP.

Long outlined a major shift in the strategy of banking executives, especially following recent political and regulatory events in the United States. She recalled that in the past, a lack of clarity and occasional hostility toward digital assets like XRP kept many institutions from engaging. She noted that this environment made it difficult for innovation and collaboration. According to her remarks, this hesitation is now fading, replaced by new momentum.

“You hear from CEOs like Bank of America saying, we’re all in,” she said, indicating that institutional confidence in XRP and the broader cryptocurrency market has returned, particularly among banks that have maintained their ties with Ripple

Long also linked the U.S. to this change in tone, mentioning that discussions with banks about collaborations in reserve banking and transaction services for Ripple’s stablecoin and payments operations have significantly shifted since the presidential election.