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  Ripple has received authorization from UK regulators, solidifying its long-term operating position in the country. The fintech company, which develops cryptocurrency services for institutions, has been operating in London since 2016, and its largest office outside the United States is also located there. The company continues to expand its workforce in the UK and supports local blockchain development through funding schemes and academic collaborations, including investing more than £5 million into UK universities under its research programme. The latest approval has enabled Ripple to obtain an electronic money institution license and a crypto-asset business registration certificate issued by the UK Financial Conduct Authority (FCA). These licenses enable the company to provide regulated payment services and digital asset-related activities to UK institutions. As a result, Ripple can expand its approved payment platform to enable cross-border transactions that include digital assets. UK Financial Conduct Authority (FCA) approval expands Ripple Payments’ business scope in the UK Ripple Payments – the company’s end-to-end cross-border payments solution – will be available to UK institutions subject to regulatory approval. The platform manages the payment process for customers by connecting them to a global network of payment partners. Ripple is responsible for blockchain operations and related infrastructure, allowing customers to deploy digital payment services without developing their own systems. Ripple representatives said these approvals are part of an overall shift in financial markets, where blockchain technology is increasingly moving beyond pilot projects and being integrated into production systems. Regulatory clarity is seen as an important factor in encouraging institutional adoption of digital assets and supporting the application of distributed ledger technology in payments and settlements, company officials said. In addition to its payments business, Ripple also provides custody and digital asset infrastructure services, including its U.S. dollar-denominated stablecoin Ripple USD (RLUSD). The company also operates Ripple Prime, a multi-asset broker that provides services such as clearing and financing in foreign exchange, digital assets, derivatives and fixed income.  tui Morefufuwu service  👆Click the card to experience fast registration   Click on the card to follow us Kuajinzhifu.com Introduction The KF global payment navigation website includes 2,000+ payment companies around the world, outputs high-quality industry news and popular science knowledge, provides learning and exchanges for practitioners, and provides the optimal payment plan for overseas merchants. More content can be viewed on the official website. God! Share it~ |
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