Ripple Markets APAC gets Major Payments Institution license

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Ripple Markets APAC gets Major Payments Institution license

Ripple Markets APAC Pte Ltd, the Singapore subsidiary of the San Francisco-based technology firm Ripple Labs, announced on Wednesday that it has received a Major Payments Institution license from the Monetary Authority of Singapore.

In a statement, Ripple said that over 90% of its business is outside of the U.S. and Asia Pacific is one of its fastest-growing regions.

The U.S. SEC has decided to appeal the decision by the U.S. Supreme Court to the Supreme Court of the United States.