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Official: #Ripple obtains #EMI licensing in Luxembourg. 🇪🇺🏦
A pivotal step for the cross-border payments sector, #XRP has announced it has received full electronic money institution license (EMI) in Luxembourg.
What does this mean in financial and business terms?
Official recognition: Ripple is now licensed to issue electronic money and process payments like any major financial institution in Europe.
Comprehensive access: Through Luxembourg, the company opens the "European Economic Area" (EEA) entirely for its services thanks to the EU’s unified laws.
Institutional trust: Banks and large corporations prefer to deal with entities that are "fully licensed." This credential is what CFOs need to adopt Ripple solutions.
While legal debates are ongoing elsewhere, Europe seems to be paving the way for the new financial infrastructure.
In your opinion... Will this step accelerate banks' adoption of blockchain technologies in 2026?
#CryptoMarketPullback
#XRPUSDT
$XRP