Ripple Markets APAC Pte Ltd, its Singapore subsidiary, announced on Wednesday that it has received a payments license issued by the Monetary Authority of Singapore (MAS). This license allows Ripple to offer regulated digital payment token services in the city-state. 🎉
Ripple was able to obtain a license after receiving in-principle approval for its Major Payments Institution (MPI) license application from MAS earlier this year. The company has received a Major Payments Authority license for digital payment token services in Singapore. 🏆
Ripple has achieved significant success in Singapore by providing services related to digital payment tokens. Coinbase became one of the 15 organizations, along with local branches of companies such as Independent Reserve and Blockchain.com.
Ripple continues its plans for the region for the adoption of global payment solutions, focusing on its strategy in the Asia Pacific market.
Ripple was able to obtain a license after receiving in-principle approval for its Major Payments Institution (MPI) license application from MAS earlier this year. The company has received a Major Payments Authority license for digital payment token services in Singapore. 🏆
Ripple has achieved significant success in Singapore by providing services related to digital payment tokens. Coinbase became one of the 15 organizations, along with local branches of companies such as Independent Reserve and Blockchain.com.
Ripple continues its plans for the region for the adoption of global payment solutions, focusing on its strategy in the Asia Pacific market.