- Ripple revealed on January 27 that it recently obtained money transmitter licenses in New York and Texas.
- The crypto company behind XRP now holds more than 50 MTLs and also maintains New York’s BitLicense.
Ripple announced that the company has recently secured key money transmission licenses in the United States.
In an update on Monday, January 27, Ripple said it received Money Transmitter Licenses (MTLs) in New York and Texas. The company noted this brings its total number of MTLs to more than 50.
Ripple secures licenses in New York and Texas
Notably, the two most recent U.S. states where Ripple obtained approvals are among the regions that have seen substantial growth in payment adoption.
This adoption covers both major banks and crypto firms. The MTLs will enable Ripple to expand its payment services and product offerings in New York and Texas. Ripple, the creator of XRP, plans to integrate its stablecoin RLUSD into these payment services.
“We continue to see growing interest from financial institutions in crypto companies that want to unlock the benefits of digital assets and blockchain for faster, cost-effective, 24/7 cross-border payments. With years of experience working both in crypto and with financial institutions, Ripple is well positioned to support companies ready to leverage the current landscape,” said Joanie Xie, Ripple’s Managing Director for North America.
In addition to the more than 50 MTLs Ripple has obtained for its payments, custody, and stablecoin offerings, the company also holds a BitLicense from the New York Department of Financial Services, a Major Payment Institution license issued by the Monetary Authority of Singapore, and VASP registrations in Ireland and the Cayman Islands.
Ripple’s milestone in the U.S. comes as the country’s digital asset sector experiences shifts amid new support from a pro-crypto administration under President Trump.
The U.S. Securities and Exchange Commission (SEC), led on an acting basis by Mark Uyeda, recently announced a cryptocurrency task force. The SEC also rescinded the controversial SAB 121.