Odaily Planet Daily reports: On Tuesday, Ripple officially announced its plan to acquire BC Payments to obtain an Australian Financial Services License (AFSL). If approved, the license will enable Ripple to integrate its payment infrastructure directly into Australia’s regulatory framework, allowing end-to-end management of cross-border transactions—including compliance reviews, foreign exchange conversion, and final settlement—within a single integrated system.
Fiona Murray, Managing Director of Ripple for Asia-Pacific, stated that Australia is a core market for Ripple, and this license will significantly enhance its scaling capabilities. Data shows that Ripple’s Asia-Pacific payment volume nearly doubled in 2025, and it has already partnered with several local institutions, including Independent Reserve. Industry analysts believe this move could serve as a blueprint for cryptocurrency technology entering mainstream finance, particularly in high-friction areas such as cross-border settlement. Additionally, Ripple’s CEO Brad Garlinghouse recently expressed his conviction that a cryptocurrency company with a market capitalization of $1 trillion will emerge in the future. (Decrypt)