Well, bless my soul, looks like Ripple, that fancy-pants digital asset company, has been busy as a bee. They’ve gone and snagged themselves a couple of Money Transmitter Licenses (MTLs) in New York and Texas. Now, folks, these ain’t no ordinary licenses – they’re like the gold standard in the world of money transmissions, especially in those states that have stricter regulations than a preacher at a revival meeting.
And guess what? Ripple’s got a whole collection of these MTLs, over 50 to be exact! It’s like they’re collecting them like stamps, only these stamps allow them to move money faster than a greased pig at a county fair. 😄
According to their fancy-pants press release, these MTLs allow Ripple to offer a compliant version of their cross-border payment platform, which is basically a fancy way of saying they can move your money across borders without getting in trouble with the law.
Now, here’s where things get interesting: Ripple’s managing director, Joanie Xie, says they’re seeing a lot of interest from financial institutions and those crypto businesses that are trying to figure out how to make blockchain work without setting the whole world on fire. You know, the kind of businesses that are always looking for a faster and cheaper way to move money. 🤔
Ripple says they’ve moved a whopping $70 billion in payments, which is a whole lotta money even for a company like Ripple. They also boast that they can handle 90% of daily foreign exchange activity – which is like saying they can move almost all the money in the world. Talk about ambitious! 🌎
But here’s the kicker: Ripple’s saying their success is thanks to the “Trump effect.” You see, they were mostly focusing on overseas opportunities because of the SEC, but now that Donald Trump is back in the White House, they’re bringing their business back to the good old US of A. They’re hiring like crazy, opening new offices, and making sure they’re playing by the rules. 😄
So, is this all just a coincidence? Or is Ripple playing the political game to get ahead? 🤔 Only time will tell. But one thing’s for sure, Ripple’s on the move, and they’re not slowing down anytime soon. 💰
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2025-01-28 23:33