📢📢Ripple's Obtained Key Money Transmitter Licenses (MTLs) in New York and Texas
Digital asset provider Ripple announced that it has further expanded its reach across the US with two key licenses.
The company secured Money Transmitter Licenses (MTLs) in New York and Texas, which are known for their rigorous regulatory standards.
MTLs help Ripple Payments customers use a licensed version of its service for cross-border payments in the US while the company takes care of the customer's entire transaction process.
With the addition of these licenses, Ripple claims to hold over 50 MTLs across the country, complementing its portfolio of more than 60 licenses worldwide.
The newly acquired licenses in New York and Texas enable Ripple to extend its compliance-first payment solutions to customers in these regions.
Ripple's latest achievement adds to the changing legal environment in the US regarding cryptocurrencies and related companies.
