Monica Long, President of Ripple, a blockchain technology leader, recently emphasized the importance of acquiring licenses in jurisdictions such as Singapore. Long’s comments came after RippleNet <a href="https://www.cnbc.com/2023/06/21/crypto-firm-ripple-gets-in-principle-payments-license-in-singapore.html?__source&#61;twitter%7Ctech&amp;taid&#61;6493ad3aec6e3a0001e1a8e7&amp;utm_campaign&#61;trueanthem&amp;utm_medium&#61;social&amp;utm_source&#61;twitter" rel="noopener noreferrer nofollow">received</a> an in-principle license from the Monetary Authority of Singapore (MAS).Celebrating the development, Long tweeted:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8cc8dabd274141a2bc716bcebc167a1a.png" />Furthermore, she expressed optimism about the potential for growth in the Asia-Pacific region, noting a significant increase in On-Demand Liquidity (ODL) volumes flowing through Singapore. According to Long, these volumes experienced an over five-fold growth year-on-year in 2022.Ripple has acquired an in-principle license from the regulators of Singapore, allowing it to operate its RippleNet platform license-free in the city-state. This development is expected to expand further the usage of Ripple’s ODL platform, which has grown five-fold year on year in Singapore, per the official announcement.Read full article at <a href="https://cryptotale.org/ripple-president-applauds-successful-license-acquisition-in-singapore/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ripple President Applauds Successful License Acquisition in Singapore

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