Crypto Era Begins! Ripple Expands with Licenses in New York & Texas

Ripple has taken a big step in expanding its U.S. presence by securing Money Transmitter Licenses (MTLs) in New York and Texas. These licenses allow Ripple to offer compliant cross-border payment services, enhancing its ability to provide faster and more efficient payment solutions for financial institutions and crypto businesses.

This move comes as companies prepare for a potentially crypto-friendly regulatory environment under President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President

With the new MTLs, Ripple Payments customers can now access a licensed version of its cross-border payment solution in the U.S. Ripple manages these transactions end-to-end, ensuring a smooth and reliable service for its customers.

Ripple’s Growing Global License Portfolio

In addition to the two new MTLs, Ripple’s license portfolio now totals around 55 global approvals, inThese two new licenses bring Ripple’s total number of global regulatory approvals to around 55.

This includes the well-known New York BitLicense and a Limited Purpose Trust Company Charter—important assets that solidify Ripple’s position in both the financial and crypto sectors.

Joanie Xie, Ripple’s Managing Director of North America, highlighted the increasing interest from both financial institutions and crypto businesses looking to take advantage of blockchain technology for faster, cost-effective, and 24/7 cross-border payments.

“With years of experience working in both crypto and with financial institutions, Ripple is well-positioned to support companies who are ready to take advantage of the current landscape.”

A Powerful Client Base

Ripple’s regulatory approvals extend beyond the U.S., with licenses as a Virtual Asset Service Provider (VASP) in Ireland and the Cayman Islands, as well as an in-principle license in Dubai. In addition, Ripple has been expanding its North American client base, welcoming new partners such as Bancoli, CambioReal, and GeoSwift in 2024.

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A Bright Future for Crypto in the U.S.

Ripple’s recent U.S. regulatory approvals align with the optimistic view of the cryptocurrency industry under the Trump administration. Many U.S. industry players are hopeful about the next four years, expecting a more supportive environment for cryptocurrencies.

In a related development, the U.S. Securities and Exchange Commission (SEC) recently repealed SAB 121, a policy that had placed strict conditions on banks providing digital asset custody services.

This policy change is seen as an important move toward greater integration of blockchain technology into traditional financial systems.