Ripple Receives Approval from the UK FCA
On Friday, Ripple, a company known for its cryptocurrency payment solutions, received significant approval from the UK Financial Conduct Authority (FCA). This validation allows Ripple to enhance its payment services within the UK.
New Licenses Granted
Specifically, the FCA granted Ripple a Cryptoasset Registration and an Electronic Money Institution (EMI) license, enabling UK businesses to engage in cross-border transactions using digital currencies.
Comments from Ripple’s President
Monica Long, President of Ripple, expressed enthusiasm about the expansion, highlighting that securing the EMI license is not merely about streamlining processes, but also about unlocking vast amounts of previously inactive capital and achieving a vision where value transactions occur seamlessly across borders.
