Ripple has received approval from Singapore’s Monetary Authority (MAS) to expand its Major Payment Institution license, allowing it to offer fully licensed, end-to-end payment services in the country. This expansion enables Ripple to provide a broader range of regulated payment activities, including cross-border transfers using its digital tokens like XRP and RLUSD. The move strengthens Ripple’s position in Singapore, a key Asia-Pacific fintech hub, helping financial institutions make faster and safer payments with blockchain technology.
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