Ripple, a global payments provider, has been granted a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Ripple to provide regulated digital payment token services in Singapore, and to continue driving the adoption of its crypto-enabled payments solutions in the Asia Pacific region.The license approval comes after MAS granted Ripple in-principle approval back in June. Ripple joins the ranks of Coinbase, Circle, Revolut, and other companies that have been granted an MPI license by the Central Bank of Singapore.The news of the license approval was accompanied by a Judge rejecting the SEC’s appeal request in the agency’s case against Ripple. As a result, Ripple’s XRP token rose 4.1% over the past 24 hours, according to CoinGecko.

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Information	Details
Geography	Asia
Countries	🇸🇬 🇺🇸
Sentiment	positive
Relevance Score	9
People	Brad Garlinghouse, Judge
Companies	Monetary Authority of Singapore (MAS), Revolut, Circle, Coinbase, Ripple
Currencies	Bitcoin, XRP, Singapore Dollar, Ethereum
Securities	None