Ripple Obtained Full Electronic Money License from Luxembourg

Ripple Obtains Electronic Money License from Luxembourg

Ripple has received full authorization for an Electronic Money Institution license from Luxembourg's financial regulator. This license allows the company to scale regulated payment services across the European Union.

The company states that this license will particularly accelerate its cross-border product, Ripple Payments, enabling it to provide more efficient services in collaboration with banks, financial technology companies, and businesses.

With the latest approvals, Ripple has now surpassed 75 licenses globally. This demonstrates the company's commitment to operating as a heavily regulated crypto and payment provider.