CandleFocus XRP: DWP Chief Investment officer Explains What Ripple’s New York Transmitter Licenses Mean for XRP
2025-01-29
Author: Content Editor
Ripple has acquired Money Transmitter Licenses (MTLs) in Texas and New York, which will enable the company to offer regulated cross-border payment services using XRP and its stablecoin RLUSD. This development is seen as a significant step toward mainstream adoption of Ripple's services and indicates its increasing influence in the US financial system. Despite ongoing legal battles, Ripple has continued to show impressive growth, processing $70 billion in payments across global markets last year and doubling its payment business in 2024. The potential appointment of pro-crypto Paul Atkins as SEC Chair could further impact Ripple's future, and the company has also significantly increased its US-based hiring. The licensing success is seen as the beginning of a larger wave of crypto adoption in the US, potentially boosting XRP's role in global financial systems.
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