- Ripple secures a Major Payments Institution license from Singapore’s Monetary Authority.
- Significant victory for Ripple against the SEC in its ongoing legal battle.
- Recognition of Ripple in CB Insights ‘Fintech 100’ for 2023 showcases global financial disruption.
Ripple’s momentum in the crypto landscape showcases no signs of abating. The latest feather in its cap is the Major Payments Institution (MPI) license obtained from the Monetary Authority of Singapore. Not just a mere formality, this fully licenses Ripple to offer digital payment token services in the strategic region.
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But that’s not all. This month has indeed been fruitful for Ripple. Brad Garlinghouse, Ripple’s CEO, echoed this sentiment, spreading the news on the X platform. Asia, particularly with its Pacific headquarters nestled in Singapore, has been a hotspot for Ripple. With this newfound licensure, its expansion to other Asian territories appears unstoppable.
Amidst the euphoria of the license acquisition, there’s another victory worth noting. Judge Analisa Torres handed Ripple a significant win by rejecting the SEC’s motion for certifications of its interlocutory appeal. It wasn’t just a dismissal; it was a clear message. The reason? The SEC hadn’t shown how the appeal would be beneficial.
As the Ripple bandwagon continues to roll, global expansion remains the focal point. Monica Lang, Ripple’s President, reinforced their goal to redefine the global financial ecosystem. Their efforts are paying dividends, as evidenced by Ripple’s position in the CB Insights ‘Fintech 100’ for 2023.
Ripple’s strides in the industry are more than just fleeting successes. They’re indicative of a broader shift in the crypto paradigm, and Ripple seems poised to be at its helm. The future? It looks promising for Ripple, with its focus on innovating the way global finances operate.
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