The Newcomer Banking Summit features a speech by Monica Long, the President of Ripple.

The topic of debate among a panel of peers is the SVB banking crisis.

Financial services are connected globally using Ripple's ODL services.

On March 14, Monica Long, the president of the cryptocurrency startup Ripple, spoke at the Newcomer Banking Summit 2024 in San Francisco, California, about the changes that have occurred since the SVB handled an account emergency.

The Newcomer Banking Summit 2024 brings together a select group of Silicon Valley's financial trailblazers. One year had passed since the SVB banking crisis when this meeting was held. This one-day summit inspired conversations among like-minded people and presents an insider's perspective on the SVB emergency.

Long participated in the conversation titled "The Future of Banking" with Everett Cook (Rho), Stephane Lintner (Jiko), and Deirdre Bosa (CNBC) serving as moderator. The panellists discussed other upcoming concerns, but the main focus of the discussion was the changes that have occurred since the SVB catastrophe.

For example, the main focus of the conversation was how blockchain technology and cryptocurrency may advance the accessibility of financial services. More importantly, how would they collaborate with banks and other conventional institutions to do this?

Over a year after the SVB emergency, pioneers from Jiko, HSBC, Bain Capital Wanders, Lux Capital, and Ripple will join Everett Cook, CEO and co-founder of Rho. Long shed light on Ripple's On-Demand Liquidity, which enables international trade using the XRP cryptocurrency.

The fact that Silicon Valley's commercial managing account businesses are today facing unsustainable competition is one of the discussion's most important lessons. Nobody believes that in five years, these banks will not still be vying for SVB's business.

The XRP Army is equally optimistic about Monica Long's attendance at the Newcomer Banking Summit. One answer in particular calls on all institutions to collaborate with Ripple in order to increase the number of individuals who have access to reliable financial services globally.