- The U.S. expansion boosts Ripple’s global payment solutions with new MTLs.
- Pro-crypto policies under the Trump administration fuel Ripple’s U.S. growth prospects.
- Ripple’s $70B payment volume and RLUSD launch solidify its market leadership.
Ripple, a leading digital asset infrastructure firm, has secured Money Transmitter Licenses (MTLs) in New York and Texas. These approvals mark a significant step in Ripple’s strategy to strengthen its U.S. operations.
This move comes as U.S. regulators show more support for crypto-friendly policies under the Trump administration. Ripple’s expansion highlights its focus on delivering secure and compliant payment solutions worldwide.
Ripple’s Role in Cross-Border Payments
With these MTLs, Ripple can now start to offer cross-border payment services in these two states. The licenses enable Ripple to oversee transactions end-to-end, providing customers with a secure and regulated solution for global payments.
Ripple’s North America Managing Director, Joanie Xie, highlighted the company’s role in helping businesses explore the benefits of crypto and blockchain. With a proven track record in both traditional finance and crypto industries, Ripple is well-equipped to navigate the evolving financial environment.
Pro-Crypto Policies Drive Ripple’s U.S. Expansion
Ripple’s latest moves align with expectations of a more crypto-friendly stance under President Trump’s administration. Industry experts are optimistic about potential regulatory changes that could benefit crypto companies. For instance, the SEC recently rescinded SAB 121, a decision that opens the door for banks to offer digital asset custody services.
Related: Ripple Seeks Time Extension to Respond to SEC Appeal
The company has also expressed confidence in the appointment of pro-crypto figures like SEC Chair nominee Paul Atkins. Ripple believes these changes could drive further innovation and adoption of blockchain technologies, bolstering its growth in the U.S.
Ripple’s Global Network and Future Growth
Ripple’s expansion is not limited to the U.S. With more than 55 Money Transmitter Licenses globally, including 33 in the U.S., the company is a recognized leader in blockchain payments. It also holds significant regulatory credentials, such as a New York BitLicense and a Major Payment Institution License from Singapore’s Monetary Authority.
Related: Ripple CTO Makes The Case For XRP Inclusion in Crypto Stockpile
The company’s scale is evident in its operations, which include $70 billion in payment volume across 90 markets. Additionally, the launch of RLUSD, a stablecoin approved by New York’s financial regulators, showcases Ripple’s continued innovation. With its expanding network and robust compliance, Ripple is poised to play a key role in the future of global payments.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
