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Ripple Secures EMI License and Crypto Asset Registration in UK

Crypto News

Ripple received permissions that allow it to scale Ripple Payments, its cross-border payment solution that uses digital assets, in the United Kingdom.

The permissions include approval of Ripple’s electronic money institution license and crypto asset registration from the U.K.’s Financial Conduct Authority, the company said in a Friday (Jan. 9) press release.

Ripple Payments enables payout capabilities around the world by managing the flow of funds on behalf of its customers and connecting them to its global payout partners, according to the release.

Because Ripple handles the blockchain and operational complexity that supports this service, its business customers can launch digital payment services without having to manage the…

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