Darling, gather ’round! Ripple Labs, that dashing crypto impresario, has just been given the green light by Singapore’s central bank to expand its payment antics in the region. 🌟 Amidst a whirlwind of acquisitions and institutional flirtations, the company is clearly on a mission to conquer the financial world with its digital charm offensive.
Ripple’s Singapore offshoot, the oh-so-chic Ripple Markets APAC, has been blessed by the Monetary Authority of Singapore (MAS) to broaden its regulated payment activities under its Major Payment Institution (MPI) license. How très chic! The announcement, made on Monday (of course, one must always start the week with a bang), has sent ripples (pun intended) through the crypto cosmos.
Monica Long, Ripple’s President, cooed in a statement that the company adores “Singapore’s forward-thinking approach,” and that this “expanded license strengthens our ability to continue investing in Singapore and to build the infrastructure financial institutions need to move money efficiently, quickly, and safely.” 🥂 Because, darling, who doesn’t love a bit of efficiency and safety wrapped in a bow of digital tokens?
Ripple’s payment system, a veritable ballet of digital tokens like its stablecoin RLUSD and the ever-dramatic XRP, is designed to pirouette across borders with grace and precision. It’s the on-ramp and off-ramp for banks and companies, a financial pas de deux if you will. 🩰
And let’s not forget Ripple’s shopping spree! The company has been acquiring crypto darlings left and right, with the recent addition of Palisade, a crypto custody and wallet company, on November 4. Because, darling, one can never have too many accessories in one’s financial wardrobe. 🛍️
Singapore: The Jewel in Ripple’s Crown 👑
Ripple’s MPI license, granted in 2023, allowed it to offer regulated digital payment token services in Singapore. As of Monday, the MAS website still lists only digital payment token services under Ripple’s license, which, darling, is just the tip of the iceberg. 🧊
Since 2017, Ripple has been sashaying through Singapore, declaring the city-state “pivotal” to its global ambitions. And who could blame them? Singapore is the epitome of sophistication and innovation, the perfect stage for Ripple’s financial theatrics. 🎭
Asia Pacific: The Crypto Carnival 🎪
Fiona Murray, Ripple’s vice president and managing director in the Asia Pacific, gushed that the region is experiencing a crypto renaissance, with onchain activity up a staggering 70% year-over-year. And where is the epicenter of this growth? Why, Singapore, of course, darling! 🌏
“With this expanded scope of payment activities, we can better support the institutions driving that growth by offering a broad suite of regulated payment services, bringing faster, more efficient payments to our customers.”
According to Chainalysis’ 2025 Global Adoption Index, the Asia-Pacific region is the belle of the crypto ball, with the highest year-on-year growth. The total value received soared 69% to a jaw-dropping $2.36 trillion, led by India, Pakistan, and Vietnam. Even the Philippines, South Korea, and Thailand made the top 20. Bravo, darlings, bravo! 👏
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2025-12-01 09:16