Ripple announced that it will be granted a money transfer license in New York and Texas, two major US states. This development has brought hope to #XRP investors amid major declines in the market.
Blockchain-based payment company #Ripple has significantly expanded its operations in the US by obtaining money transfer licenses in the states of New York and Texas. It is stated that the relatively favorable global environment provided under the Trump administration in particular has been effective in strengthening the company's presence in the US.
Ripple, which has over 55 money transfers globally, instead has 33 of them in US states. The company aims to meet the increasing demand for cross-border payment solutions with these licenses. Especially in this region where financial technology's data and transfer are fast, low-growth, and global money transfers are increasing, Ripple aims to expand and multiply its licenses and provide more services.
This development, which is considered important for XRP, will begin before the XRP Community Day. Ripple CEO Brad Garlinghouse will also give a speech on X Spaces as part of the event. Garlinghouse's statements about XRP are eagerly awaited here.
These licenses, obtained in two major states in the US, give hope to investors amid the decline experienced by XRP along with the general market.