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Ripple Labs gets green light to boost payments in #Singapore 🚀
Singapore's Monetary Authority (MAS) has approved #Ripple Markets APAC to expand payment services under its Major Payment Institution (MPI) license. This means Ripple can now offer more services, including using digital tokens like RLUSD and $XRP for cross-border transactions.
Ripple's President, Monica Long, praised Singapore's forward-thinking approach, while Fiona Murray highlighted the region's 70% year-over-year growth in on-chain activity.
This approval cements Ripple's position as a leading blockchain institution in Singapore, where it's been operating since 2017.
#RippleLabs $XRP