As reported by Coinpedia, Ripple has received an expanded Major Payment Institution (MPI) license from Singapore’s Monetary Authority of Singapore (MAS), enabling the company to offer broader regulated payment services in the country. This follows a recent approval in Abu Dhabi, where Ripple’s RLUSD stablecoin was recognized as a regulated Fiat-Referenced Token. The updated license allows Ripple to provide faster international payments using digital tokens like XRP and RLUSD, with benefits including streamlined onboarding and reduced operational costs for financial institutions. Ripple leaders praised Singapore’s clear regulatory framework, emphasizing the company’s commitment to compliance and innovation in blockchain payments.
Ripple Secures Expanded MPI License in Singapore, Boosting XRP and RLUSD Adoption
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