Fintech News

JUNE 11, 2024

This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatory compliance. money transmitter licenses, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

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Stablecoins Acquirers Regulatory Compliance Central Bank 111

The Fintech Times

APRIL 5, 2024

Ripple , the provider of enterprise blockchain and crypto solutions, plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100 per cent backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. trillion by 2028. trillion by 2028.

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Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). XREX Pay will accommodate transactions in Singapore Dollar (SGD) and U.S.

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Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 111

The Fintech Times

MARCH 13, 2025

. “Securing this DFSA licence is a major milestone that will enable us to better serve the growing demand for faster, cheaper and more transparent cross-border transactions in one of the worlds largest cross-border payments hubs.”

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Cross-Border Cross-Border Payments Stablecoins Settlement 69

The Fintech Times

FEBRUARY 20, 2025

TrueLayer , a UK Pay by Bank network, appoints Basil Bailey as the CEO of TrueLayer Ireland and General Manager of TrueLayers European business.In his dual role, Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European Payments Institution licence and is regulated by the Central Bank of Ireland.

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FinTech Cross-Border Payments Disaster Recovery Online and Mobile Banking 64

Neopay

NOVEMBER 27, 2023

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers.

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Instant Payments Non-Bank Stablecoins IBAN 52

The Fintech Times

JANUARY 27, 2025

Expanding global footprint Ripple and its subsidiaries hold a variety of global licences, including a NY BitLicense, a NY Limited Purpose Trust Company Charter, and over 55 Money Transmitter Licences that cover its payments, custody, and stablecoin business.

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