Ripple has secured Money Transmitter Licenses (MTLs) in New York and Texas, marking another step in its U.S. expansion.
These licenses, crucial for offering compliant cross-border payment services, strengthen Ripple’s ability to provide financial institutions and crypto businesses with faster and more efficient payment solutions.
Ripple Secures Money Transmitter Licenses in Two Key States
According to a company statement, Ripple has gained approval for Money Transmitter Licenses (MTLs) in New York and Texas. These licenses enable Ripple Payments customers to access licensed versions of its cross-border payments platform, ensuring that transactions are managed entirely by Ripple on their behalf.
Ripple stated that New York and Texas have seen growing demand for real-time global payment solutions, particularly from banks and crypto businesses. The licenses add to Ripple’s extensive regulatory compliance portfolio, including more than 55 MTLs globally, of which 33 are in the U.S. Additionally, Ripple holds a New York BitLicense and a Limited Purpose Trust Company Charter.
Joanie Xie, Ripple’s Managing Director for North America, commented, “We’re seeing more interest from financial institutions and crypto companies ready to embrace the benefits of blockchain and digital assets.”
This Is A Breaking News, Please Check Back for More
The post Breaking: Ripple Expands US Footprint with New Licenses in New York and Texas appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed