Ripple Expands Payment Services in Singapore Following Regulatory Approval

Ripple Labs has received authorization from Singapore’s central bank to expand its payment services in the region. The company’s subsidiary, Ripple Markets APAC, was granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), allowing it to broaden its regulated activities under the license. This move follows Ripple’s recent acquisitions and expands its capacity to offer efficient and secure cross-border money transfers. 💰