[Coin World] The Monetary Authority of Singapore has recently given Ripple the green light to significantly expand the scope of its regulated payment operations for its local entity. What does this mean? XRP and their stablecoin can now officially be used for Token Settlement.
Ripple has clearly regarded Singapore as a strategic hub for the Asia-Pacific market. After all, on-chain activities in this region have surged by nearly 70% over the past year, and the cross-border payment pie is getting bigger. Obtaining a license from MAS for expansion means securing a stronger entry ticket in Southeast Asia and the entire Asia-Pacific.
For XRP holders, the compliance process has taken another step forward. For the entire payment sector, the boundaries between traditional financial regulation and cryptocurrency payment services are becoming increasingly blurred.
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NoodlesOrTokens
· 18h ago
Ripple's move in Singapore is quite steady, and the Southeast Asian market is indeed a lucrative target.
With this wave of Compliance support for XRP, it feels like we are a step closer to real payment application scenarios, but the premise is that the coin price shouldn't fall too hard.
On-chain activities in the Asia-Pacific region have surged by 70%, which seems a bit exaggerated; we'll have to see how exactly that's calculated.
The payment sector has finally started to break those outdated rules; it should have been like this much earlier.
The expansion of the MAS license sounds good, but to be honest, we still need to see how well it can be implemented in the end.
Compliance is one thing, but we still need to be cautious about what new tricks regulators might come up with next.
Cross-border payments in Southeast Asia really need participants like this; traditional banks are just too outdated.
Is it time to increase the position again? I'm feeling a bit tempted.
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TradFiRefugee
· 19h ago
Hey, it seems Ripple has nailed it in Singapore, and it's always a good thing for XRP to achieve Compliance Settlement.
I'm just waiting to see the true explosion of the Southeast Asian market.
The MAS license still holds value, but we need to keep observing how deep the waters are in cross-border payments.
The boundaries between TradFi and encryption have become blurred... In plain terms, it still depends on whether the governments of various countries are willing to decentralize.
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CoffeeOnChain
· 19h ago
Finally, there’s a project that dares to play seriously in the Asia-Pacific region, Ripple's move is quite stable.
XRP is going to rise again, this time it's not speculation but genuine compliance progress.
Wait, stablecoin settlement? This is going to shake up traditional payment's cheese.
70% of the on-chain rise in the Asia-Pacific, Ripple has seized the key nodes, smart.
Holders can sleep well this time, compliance licenses are worth more than anything.
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ZenMiner
· 19h ago
Sure, another big move in terms of Compliance, Ripple is really quick
Wait, how much actual Favourable Information can this license expansion bring to XRP? Or is it just another hype
The Asia-Pacific market is indeed large, it just depends on whether it can truly be implemented
Ripple has been strategizing, and the Southeast Asia market move seems to be a good one
XRP holders have a bit more confidence, but Compliance ≠ price rise, don't be too optimistic
The boundary between TradFi and encryption is really becoming blurred, this trend has been seen for a long time
Ripple has been working on cross-border payments, this time it's just officially recognized
Another step forward on the Compliance path, but whether it can break through is the key
Singapore's position is indeed important, it's the Asia-Pacific hub without a doubt
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MissedAirdropAgain
· 19h ago
Finally compliant, XRP is stable this time, but we still need to see if it can really take off in the future.
Ripple's move is quite good, Singapore is indeed a great location in the Asia-Pacific, but it still feels like time will tell.
Hey, will this thing end up being a flash in the pan, like before?
The Asia-Pacific payment market is indeed large; it all depends on how much Ripple can seize.
Compliance is a good thing, but why do I feel like Po County expands some license every year? Is this time really different?
Is XRP going to da moon? I think I'll wait and see; compliance doesn't mean it will rise.
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ser_ngmi
· 19h ago
Hey, Ripple is paving the way. With Singapore securing the ticket to Southeast Asia, it can leverage the entire Asia-Pacific market.
XRP is really stepping into the regular army, but it depends on whether it can truly achieve trading volume in the future.
Compliance is a good thing, but I'm afraid it's just empty talk, and the trading volume will still be limited.
Now that Singapore has opened up regulation, will other countries follow suit? MAS's endorsement is quite strong.
Finally, a giant has entered the payment sector, and the boundaries between TradFi and Chain Community are indeed becoming blurry.
Forget it, better to wait and see; too much compliance news might actually feel like there's no rise.
XRP holders should be happy, they finally waited for this moment.
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ApeWithAPlan
· 19h ago
It's about time to give XRP its due recognition. Singapore's move is a bold step.
Ripple is going all out in the Asia-Pacific, this is a solid position now.
Compliance licenses are coming in one after another, this wave for XRP really has potential.
On-chain activities in Southeast Asia are experiencing a big pump, and cross-border payments are the future.
The MAS license expansion shows that TradFi is finally bowing down.
With such a huge cake in the Asia-Pacific market, Ripple cannot let this opportunity slip.
XRP holders must be overjoyed; they have finally waited for this moment.
Ripple has obtained a new license from the Monetary Authority of Singapore (MAS), and XRP payment services are ramping up in the Asia-Pacific region.
[Coin World] The Monetary Authority of Singapore has recently given Ripple the green light to significantly expand the scope of its regulated payment operations for its local entity. What does this mean? XRP and their stablecoin can now officially be used for Token Settlement.
Ripple has clearly regarded Singapore as a strategic hub for the Asia-Pacific market. After all, on-chain activities in this region have surged by nearly 70% over the past year, and the cross-border payment pie is getting bigger. Obtaining a license from MAS for expansion means securing a stronger entry ticket in Southeast Asia and the entire Asia-Pacific.
For XRP holders, the compliance process has taken another step forward. For the entire payment sector, the boundaries between traditional financial regulation and cryptocurrency payment services are becoming increasingly blurred.