Ripple to acquire Australian financial services license as APAC payments volume doubles
The company plans to obtain the license through the acquisition of BC Payments Australia, expanding its regulated footprint to over 75 licenses worldwide.
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The company plans to obtain the license through the acquisition of BC Payments Australia, expanding its regulated footprint to over 75 licenses worldwide.
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The payments app offers 6% yield on balances and peer-to-peer transfers inside X, competing directly with the same demand stablecoin products are targeting. No mention of dogecoin or any crypto functi...
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The license would allow Ripple to offer an end-to-end payments platform in the region, according to the statement.
If approved, the license would allow Ripple to run services and bring its infrastructure into the country’s financial system.