Ripple Labs receives approval to broaden payment services in Singapore

Ripple Labs has gained approval from Singapore’s central bank to broaden its payment services under its MPI license, highlighting its commitment to investing in Singapore’s financial infrastructure.

The Asia-Pacific crypto market has seen a 70% increase in on-chain activity, with Singapore leading at the forefront. The total crypto value received in the area rose 69% to 2.36 trillion USD, underscoring its importance to Ripple’s strategy.

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