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Ripple Expands U.S. Footprint with New York, Texas Licenses

Coin WorldMonday, Jan 27, 2025 12:25 pm ET

1min read

Ripple, a leading blockchain-based payment company, has secured Money Transmitter Licenses (MTLs) in New York and Texas, further expanding its footprint in the U.S. These licenses enable Ripple to offer compliant cross-border payment services, enhancing its ability to provide financial institutions and crypto businesses with faster, more efficient payment solutions.

Ripple's newly-acquired licenses bring its global MTLs to more than 55, including 33 U.S. states. The company noted that it has seen growing interest from financial institutions and crypto businesses looking to leverage the benefits of crypto and blockchain for faster, cost-efficient, and 24/7 cross-border payments. With years of experience working in both crypto and with financial institutions, Ripple is well-positioned to support companies ready to take advantage of the current landscape.

Notably, MTLs allow Ripple Payments customers to access a licensed version of its cross-border payments solution in the U.S., where transactions are managed end-to-end by Ripple on behalf of the customers. This development comes as firms prepare for a crypto-friendly regulatory regime under President Donald Trump.

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