Ripple Expands Global Licensing Push With Australian Payments Acquisition

[chainsniff]

Ripple is set to secure a major regulatory foothold in Australia through the acquisition of BC Payments Australia, a payments firm tied to the Banking Circle Group. The deal will grant Ripple access to the company’s Australian Financial Services License, which will soon be required for certain crypto firms offering financial services in the country.

According to Ripple’s Asia-Pacific managing director Fiona Murray, the move reflects growing institutional demand for digital assets. With the license in place, Ripple Payments will be able to manage the full lifecycle of transactions in Australia — from onboarding and compliance to liquidity management and final payouts — while integrating traditional banking systems with blockchain-based assets.

[nihalsari]

ripple finally can onboard, manage liquidity, and payout without banks yelling at them