Jump to content

Ripple Wins New License To Widen Regulatory Capacity

Recommended Posts

In an impressive display of determination amidst the ongoing legal battle with the United States Securities and Exchange Commission (SEC), Ripple, a leader in the blockchain payments sector, has made significant strides in widening its regulatory capacity in the United States.

Ripple recently acquired financial institution Fortress Blockchain Technologies, a move that not only solidifies its presence in the blockchain industry but also grants the company an additional regulatory license. This acquisition, which brings the number of Ripple’s licenses to over 30, marks a remarkable achievement for the company despite the challenges it faces.

Another Regulatory License Unlocked

With the acquisition of Fortress Blockchain Technologies, Ripple gains access to a sought-after Nevada Trust License. This license provides Ripple with the opportunity to extend its services to customers and businesses within the state of Nevada, which has a population of approximately 3.1 million residents.

What makes this acquisition particularly noteworthy is Nevada’s reputation for being one of the most crypto-friendly jurisdictions in the United States. By prioritizing the acquisition of a license in Nevada, Ripple demonstrates its commitment to expanding its reach within a receptive and supportive regulatory environment.

A Powerful Enabler for Ripple’s Offerings

Monica Long, the president of Ripple, has described these licenses as a “powerful enabler” for the company’s products and services.

In the report, she expressed her optimism regarding the recent acquisition, highlighting the potential it presents to enhance the current customer experience and explore new and complementary products.

By strategically acquiring licenses in various jurisdictions, Ripple not only demonstrates its dedication to regulatory compliance but also positions itself as a leader in the blockchain industry.

Source: Times Tabloid


  • Thanks 1
Link to comment

That's another win for crypto. Another huge user-base waiting to get on board the ecosystem. I really love their resilience in the face of these challenges especially the long legal tussle with SEC.

Anyways, this is a strong indication that XRP could be a coin that could be among the frontrunners of the bull cycle. Got to add to my bags on BG again, I guess

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 22/09/23 16:31
  • Posts

    • Basically, they've renamed the BitKeep wallet to BitgetWallet while megaswap to Bitgetswap😑...!   Most of the wallets have that inbuilt swap features but only a few reputable centralised exchanges have that feature!
    • Almost perfectly said! Especially, diversification & risk appetite factor worked great for me! Imagine, having -300% with 20x Lev😑. Still didn't close that trade after gaining+200%! Tho high lev isn't recommended,but I've just shared my personal experience as an example of risk appetite!  End of the day, experience & self confidence matters at crypto(For most of the people).
    • Hi @Ilikethestonk, Unfortunately, we only offer stocks listed on the following markets for share dealing: UK: FTSE 100, FTSE 250, and many other small-cap UK stocks US: S&P 500, NASDAQ 100, and many other small-cap US stocks Germany: DAX, HDAX, MDAX Ireland: ISEQ Netherlands: AEX Belgium: BEL 20 Austria: ATX, WBI Australia: ASX/S&P 300 Thanks, KoketsoIG
  • Create New...