Ripple Gains Regulatory Boost in Singapore, Expands Payment Services

Ripple has received a major regulatory advancement in Singapore after the Monetary Authority of Singapore (MAS) granted an expansion of its Major Payment Institution (MPI) license to its Asia-Pacific subsidiary, Ripple Markets APAC Pte. Ltd. This approval opens doors for the company to offer a broader range of regulated payment services. Many of these services utilize XRP and Ripple’s newly launched stablecoin, RLUSD, for cross-border settlement. ]