Ripple has acquired 50 new money transmitter licenses in various US states, enhancing cross-border payments and expanding payment networks.
Ripple Licensing Expansion
Ripple has recently acquired 50 new money transmitter licenses in key US states, including New York and Texas. These permissions enable the company to enhance the number of payment networks and speed up real-time cross-border transactions.
SBI's Support and Increased Competition
SBI Group CEO Yoshitaka Kitao supported Ripple's expansion, pointing out the necessity to integrate blockchain technology. Institutional interest in cryptocurrencies remains high, and clearer regulatory rules are expected in the US to boost institutional investments.
New Strategy and Team Expansion
Ripple continues to expand its US operations by increasing its team and expanding offices in New York and San Francisco. This shows the company's intention to strengthen its operations in the US market in the future.
Ripple's expansion in the US market through new licenses and growing interest in blockchain solutions suggests a broader spread of crypto payments and increased competition with traditional banks.
