Based on Coinotag, Ripple has received approval from Singapore’s Monetary Authority (MAS) to expand its payment services under a Major Payment Institution license. This allows Ripple Markets APAC to offer regulated payment solutions using XRP and RLUSD for cross-border transactions in Singapore. The expansion supports financial institutions in the Asia-Pacific region by enabling faster, compliant settlements. Singapore’s regulatory clarity has driven a 70% year-over-year increase in on-chain activity in the region. Ripple’s President Monica Long and Managing Director Fiona Murray highlighted the significance of the approval in supporting digital asset innovation and infrastructure development.
Ripple Expands Payment License in Singapore Amid XRP Price Dip
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