Long

Major

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Ripple President Monica Long has already <a href="https://x.com/MonicaLongSF/status/1995560384858915044" rel="noopener noreferrer nofollow">reacted</a> to Ripple securing a major regulatory victory in Singapore.
She has framed the license expansion as a major win for Ripple’s growth and customers.
"With this expanded scope of payment activities for the MPI license, Ripple can scale our licensed payment services in Singapore for our growing customer base, including banks and fintechs. Proud to keep growing in Singapore," she said.
As reported by U.Today, the Monetary Authority of Singapore (MAS) approved an expanded scope for Ripple’s Major Payment Institution (MPI) license, which is a high-level license that only a few crypto companies globally possess.
<h2 id="why-it-matters">Why it matters</h2>
MAS expanded what Ripple is allowed to do under its MPI license. This lets Ripple offer more regulated payment services, including end-to-end cross-border payments. Moreover, it enables support for digital payment tokens like XRP and RLUSD
The expanded license lets Ripple scale its payment services in Singapore for banks, fintechs, and crypto companies.
Singapore is, of course, one of the most advanced digital-asset regulators in the world.For instance, when Ripple was engaged in a high-stakes legal battle with the U.S. Securities and Exchange Commission, Long praised Singapore for having forward-looking regulators. This came in response to Ripple securing full license to operate in the city-state in 2023.
With the recent license, Ripple can now strengthen its position in the Asia-Pacific region, which is shaping up to be the fastest-growing digital-asset market. <a href="https://u.today/ripple-president-reacts-to-major-license-win" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Ripple President Reacts to Major License Win

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