Ripple announces money transmitter licenses in Texas and New York
The payments firm said with the addition of the two US states, it held more than 50 licenses across different jurisdictions.
Blockchain payments firm Ripple Labs said it had secured money transmitter licenses in the US states of Texas and New York.
In a Jan. 27 notice, Ripple said financial regulators in Texas and New York had approved money transmitter licenses for the payments firm, which reported holding more than 50 licenses across different jurisdictions. According to the blockchain firm, the licensing would allow it to offer users a cross-border payment solution in the US.
“Texas and New York have defined regulations and stringent licensing requirements with robust compliance standards and regulatory oversight,” said Ripple.
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Author: Turner Wright
