Ripple secured money transmitter licenses in New York and Texas, enabling expanded payment services for U.S. users.
Money Transmitter Licenses
Blockchain payment giant Ripple has obtained money transmitter licenses in New York and Texas. These licenses will allow compliant access to Ripple Payments infrastructure for U.S. customers, broadening the company's service reach.
Global Expansion
With the new licenses, Ripple's overall portfolio now includes 55 global licenses. Among these are the coveted New York BitLicense and a Limited Purpose Trust Company Charter. Ripple also holds regulatory approval in Ireland, Singapore, and the United Arab Emirates.
Ripple's Initiatives and Plans
Ripple has been active in shaping crypto policy, heavily supporting pro-crypto super PACs like Fairshake. Additionally, the company launched its RLUSD stablecoin in a $220 billion fiat-pegged token market.
By obtaining money transfer licenses in two key U.S. states, Ripple strengthens its foothold in the American fintech market while continuing its strategic global expansion.
