Ripple Expands XRP-Powered Payments in Singapore with MAS Approval
The post Ripple Expands XRP-Powered Payments in Singapore with MAS Approval appeared on BitcoinEthereumNews.com.
Ripple Labs has secured approval from Singapore’s Monetary Authority to expand its payment services under its Major Payment Institution license, enhancing cross-border transactions using XRP and RLUSD for banks and businesses. Ripple’s Singapore subsidiary gains broader MPI license scope for digital payment tokens. The expansion supports efficient, regulated money movement in the Asia-Pacific region. Asia-Pacific crypto activity surged 70% year-over-year, with total value received reaching $2.36 trillion according to Chainalysis’ 2025 Global Adoption Index. Ripple expands Singapore payment license for seamless crypto transactions with XRP and RLUSD. Discover how this boosts institutional adoption in Asia-Pacific amid surging on-chain growth. Stay updated on Ripple’s strategic moves. What is Ripple’s Expanded Payment License in Singapore? Ripple’s expanded payment license in Singapore refers to the approval granted by the Monetary Authority of Singapore (MAS) to Ripple Markets APAC, allowing the company to broaden its regulated activities under the Major Payment Institution (MPI) framework. This development enables Ripple to offer enhanced services for digital payment tokens, including collection, holding, swapping, and payouts for financial institutions. The license builds on Ripple’s 2023 MPI approval, focusing on cross-border efficiency using assets like XRP and its stablecoin RLUSD. How Does This Expansion Benefit Institutions in Asia-Pacific? Ripple’s license expansion provides financial institutions with a comprehensive suite of regulated payment services tailored for the growing demands of cross-border transactions in the Asia-Pacific region. By leveraging blockchain technology, Ripple Payments facilitates faster settlements, reducing costs and timelines compared to traditional systems. For instance, institutions can now seamlessly integrate XRP for liquidity and RLUSD for stability in their operations. Supporting data from Chainalysis’ 2025 Global Adoption Index highlights the region’s momentum, showing a 69% year-over-year increase in total crypto value received, totaling $2.36 trillion. Countries like India, Pakistan, Vietnam, the Philippines, South Korea, and Thailand are leading this surge, underscoring…
Filed under: News - @ December 1, 2025 8:22 am