Ripple Secures Licenses in Texas New York

Ripple Secures Key Money Transmitter Licenses in New York and Texas

• Ripple has obtained Money Transmitter Licenses (MTLs) in New York and Texas, increasing its total US licenses to over 50.
• The company’s payments business processed $70 billion in volume, doubling from the previous year.
• Ripple’s regulatory approvals exceed 60 globally, including a New York BitLicense and a Major Payment Institution License from Singapore.
• The company has expanded its network to cover more than 90 markets worldwide.
• New North American customers include Bancoli, CambioReal, GeoSwift, AgilityFx, Cloud Payments, Atlantic Xchange, and Zil Money.

Ripple’s acquisition of Money Transmitter Licenses in New York and Texas enhances its position in major US financial hubs. The company’s payments business has seen significant growth with $70 billion processed last year.