• According to an official report published on January 27, Ripple has secured two Money Transmitter Licenses in Texas and New York.
  • Ripple highlighted that these states have shown strong interest in real-time cross-border payments, fueled by increasing demand from banks and cryptocurrency businesses.

Ripple, the leading company in cross-border remittance, is celebrating a significant achievement alongside its community. The company recently confirmed through a blog post on its platform that it has secured Money Transmitter Licenses (MTLs) in two key states, New York and Texas. Monica Long also shared this news on her X account , stating, “60+ Licenses secured globally, including new Money Transmitter License approvals in NY and TX.”

With these new licenses, Ripple now holds over 50 MTLs, strengthening its ability to offer seamless cross-border payment solutions across the United States. These MTLs now allow Ripple Payments to provide a licensed solution within the U.S., where the company manages transactions on behalf of its customers from start to finish.

Adapting to a Transforming Financial Industry

Analyzing the post, CNF found that Ripple’s licensing portfolio includes a New York BitLicense and a Limited Purpose Trust Company Charter in New York. Additionally, the company holds over 55 Money Transmitter Licenses (MTLs) for payments, custody, and stablecoin operations. Furthermore, Ripple is registered as a Virtual Asset Service Provider in both Ireland and the Cayman Islands. The company has also received in-principle approval from the Dubai Financial Services Authority (DFSA). This regulatory framework enables Ripple to streamline customer onboarding while ensuring efficiency, agility, and compliance in meeting the demands of the payments landscape.

Highlighting this progress, Joanie Xie, Ripple’s Managing Director for North America, remarked:

We’re seeing financial institutions and crypto businesses embrace the advantages of blockchain and digital assets for fast, cost-effective, and always-on cross-border payments.

This growing acceptance underscores Ripple’s success in the industry. The company has processed $70 billion in transaction volume across more than 90 markets, covering over 90% of daily foreign exchange activity. Operating around the clock, Ripple’s network continues to expand its customer base, with new North American clients such as Bancoli, AgilityFx, Cloud Payments, Atlantic Xchange, and Zil Money recently joining the platform.

The growing demand for digital asset solutions aligns with the increasing use of stablecoins for payments. Ripple’s enterprise-grade stablecoin, Ripple USD (RLUSD), launched on December 17, is built on principles of compliance, trust, and utility and will be integrated into Ripple Payments later this year to enhance its offerings. Meanwhile, the U.S. regulatory landscape for digital assets is evolving under Donald Trump’s administration.

Notably, the Securities and Exchange Commission (SEC) recently withdrew Staff Accounting Bulletin No. 121, which restricted banks from holding cryptocurrencies, and replaced it with SAB 122, eliminating the requirement for entities to record a liability when safeguarding client crypto assets.

This, coupled with Bank of America CEO Brian Moynihan’s support for embracing cryptocurrencies upon regulatory approval and Circle CEO Jeremy Allaire’s positive outlook on institutional adoption, has fueled hopes for mainstream acceptance of digital assets.

In response to this bullish sentiment, XRP has surged 6.36% in the past few hours to trade at $3.11, with its 24-hour trading volume skyrocketing by 154.37% to $15.24 billion. This rebound follows broader market pressures tied to China’s DeepSeek AI platform, which had negatively affected both tech and crypto markets.

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