Ripple has obtained Money Transmitter Licenses in New York and Texas, which will enhance its cross-border payment services for U.S. Clients. The company now holds over 55 global MTLs, including licenses in 33 U.S. States.
The demand for real-time global payment solutions is increasing, prompting Ripple to emphasize its support for crypto businesses wanting to leverage blockchain technology for efficient transactions.
The company faces ongoing legal issues regarding XRP’s status as a security, with the SEC appealing a recent court ruling. Despite these challenges, Ripple remains optimistic about the regulatory climate under the new administration.