Ripple Expands Payment Activities in Singapore with New MPI License

Ripple Markets APAC has secured a major regulatory milestone, obtaining approval from the Monetary Authority of Singapore (MAS) to expand its regulated payment activities. This expansion paves the way for increased financial services and a wider adoption of XRP and RLUSD within Singapore’s financial ecosystem. 2017 marked Ripple’s entry into the region, but this recent approval signifies significant growth for the company.