Ripple President Reacts to Major License Win
Analysis
Price Impact
HighRipple securing an expanded major payment institution (mpi) license in singapore significantly broadens its scope for offering regulated payment services, including cross-border payments and support for digital payment tokens like xrp and rlusd. this strengthens ripple's position in a crucial and rapidly growing financial market.
Trustworthiness
HighThe news is directly quoted from ripple president monica long and confirmed by the monetary authority of singapore (mas) regarding a verifiable regulatory approval.
Price Direction
BullishExpanded regulatory approval in a major financial hub like singapore increases the utility and adoption potential for ripple's services, which can indirectly drive demand for xrp as a key component of its payment solutions. this positive regulatory development reduces uncertainty and opens new avenues for growth.
Time Effect
LongWhile there may be an immediate positive market reaction, the full benefits of increased operational scope, market penetration, and potential partnerships in the asia-pacific region will materialize over an extended period as ripple scales its services.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News Ripple President Monica Long has already reacted to Ripple securing a major regulatory victory in Singapore. Advertisement She has framed the license expansion as a major win for Ripple’s growth and customers. "With this expanded scope of payment activities for the MPI license, Ripple can scale our licensed payment services in Singapore for our growing customer base, including banks and fintechs. Proud to keep growing in Singapore," she said. As reported by U.Today, the Monetary Authority of Singapore (MAS) approved an expanded scope for Ripple’s Major Payment Institution (MPI) license, which is a high-level license that only a few crypto companies globally possess. Advertisement Why it matters MAS expanded what Ripple is allowed to do under its MPI license. This lets Ripple offer more regulated payment services, including end-to-end cross-border payments. Moreover, it enables support for digital payment tokens like XRP and RLUSD The expanded license lets Ripple scale its payment services in Singapore for banks, fintechs, and crypto companies. Singapore is, of course, one of the most advanced digital-asset regulators in the world With the recent license, Ripple can now strengthen its position in the Asia-Pacific region, which is shaping up to be the fastest-growing digital-asset market. #Ripple News #Monica Long