Ripple has been granted a license by the Monetary Authority of Singapore (MAS) to operate as a major payment institution for digital payment token services.
With this license, Ripple can now offer a range of crypto-related services, including cross-border payments, to customers in Singapore.
This is a significant milestone for Ripple, which has been expanding its global footprint despite ongoing legal battles with the SEC in the United States.
Singapore has become a hub for blockchain and crypto innovation, and Ripple’s entry into the market is expected to accelerate the adoption of its blockchain-based payment solutions in the Asia-Pacific region.
