🚀 Ripple secures Major Payments Institution (MPI) license from Singapore's Monetary Authority (MAS) 🇸🇬! This allows Ripple to provide regulated digital payment token services in the country. With 90% of Ripple's business outside the US, the Asia-Pacific region is a key market for the company.

🌏 Ripple's CEO, Brad Garlinghouse, highlights Singapore's importance to Ripple's global business since establishing their APAC headquarters there in 2017.

📜 MAS offers three types of licenses, with Ripple actively engaging with policymakers and regulators in Asia to support Singapore's development as a crypto and tech hub.

🔍 MAS collaborates with crypto entities on "Project Ubin" and "Project Orchid" to explore blockchain potential and build a retail Central Bank Digital Currency (CBDC) system.

💬 What do you think of Ripple's expansion in Singapore? Share your thoughts in the comments!