Ripple has just received a key regulatory green light in Singapore — the local Monetary Authority has approved its upgrade to a Major Payment Institution license, officially allowing the use of XRP and RLUSD in payment scenarios.
This means that users in Singapore can now enjoy Ripple's cross-border payment services through compliant channels, with the speed of fund transfers directly maximized. After the regulatory framework is implemented, the slow remittance of traditional banks may truly be redefined.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
6
Repost
Share
Comment
0/400
BlockchainRetirementHome
· 12-02 02:05
Singapore is really fast this time, Ripple's license approval speed is faster than my transfer, haha.
View OriginalReply0
CodeSmellHunter
· 12-02 02:00
Singapore has allowed XRP payments, traditional banks are really going to panic now. Is the era of slow remittances coming to an end?
View OriginalReply0
MemecoinTrader
· 12-02 01:51
ngl the regulatory arbitrage play here is *chef's kiss* — singapore just became the sentiment pivot point. watch how this cascades into tier-2 markets within 72hrs
Reply0
0xTherapist
· 12-02 01:48
Another domino has fallen in Singapore, and the good days for traditional banks are really coming to an end.
View OriginalReply0
ApyWhisperer
· 12-02 01:44
Singapore's move is quite good; finally, there is a place that dares to allow Ripple. The banking system should be trembling.
View OriginalReply0
LiquidationWatcher
· 12-02 01:39
ngl ripple getting that singapore nod is legit, but... remember when regulatory approval meant moon? yeah, don't do that. watched too many projects pump on news then got liquidated on the dump. health factor stays fragile when everyone's chasing the same headline tbh. been there, lost that.
Ripple has just received a key regulatory green light in Singapore — the local Monetary Authority has approved its upgrade to a Major Payment Institution license, officially allowing the use of XRP and RLUSD in payment scenarios.
This means that users in Singapore can now enjoy Ripple's cross-border payment services through compliant channels, with the speed of fund transfers directly maximized. After the regulatory framework is implemented, the slow remittance of traditional banks may truly be redefined.