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📌 Notes
Hashtag #MyCryptoFunnyMoment is requi
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.