Ripple Secures New Licenses in the UK and Luxembourg for Enhanced Operations
- Ripple received UK Financial Conduct Authority permissions for an Electronic Money Institution (EMI) license on January 9.
- Full EMI approval in Luxembourg was granted on February 2, enhancing Ripple’s regulatory footprint in Europe.
- Average daily transactions on the XRP Ledger (XRPL) increased by 8.9% quarter-over-quarter, from 1.6 million to 1.8 million.
- Total new addresses rose by a significant 46.3% quarter-over-quarter, reaching a total of approximately 447,200.
- The Federal Reserve maintained its key interest rate at about 3.6% as of January, impacting liquidity conditions for XRP.
Ripple’s recent licensing advancements are pivotal for expanding its operational capabilities within regulated markets, yet actual demand for XRP will depend on observable activity within the XRPL ecosystem.
As Ripple enhances its distribution channels through new licenses, the increase in average daily transactions and new addresses suggests potential growth in XRPL usage moving forward. (Source)
