Ripple Aims to Expand Payment Services Across the U.S.
Ripple, a leading cryptocurrency firm, is planning to grow its payment services in the United States. W. Oliver Segovia, Ripple’s senior director and head of product marketing, shared this news on social media. He mentioned that although most of Ripple’s business operations are conducted outside the U.S., the company is preparing to make significant advancements with upcoming product updates driven by its money transmitter licenses (MTLs). These licenses will now cover the majority of U.S. states.
In line with their expansion plans, Ripple will be hosting a fintech meetup at its newly inaugurated San Francisco headquarters. The event will include a panel discussion on Ripple’s blockchain and payments outlook for 2024, led by heads of product Brendan Berry and Pegah Soltani, with moderation from U.S. managing director Joanie Xie. Attendees will also have the opportunity to network with professionals from Adyen, Marqeta, Plaid, and more during a casual happy hour.
If you’re interested in attending, make sure to sign up promptly and secure priority access through the waitlist.
Ripple is actively hiring across various global locations as part of its strategic growth plan.
Asset Managers Prepare for XRP ETF Launch
Major asset management firms like BlackRock and Grayscale are planning to submit applications for a Ripple (XRP) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) in April. This move could lead to an ETF launch by the end of 2024. The decision comes after a U.S. district judge ruled that XRP is “not a security,” generating excitement in the cryptocurrency market.
BlackRock, which oversees over $8.5 trillion in assets, is expected to play a significant role in the XRP ETF launch. The introduction of an XRP ETF has broader implications for the cryptocurrency market, as it would increase accessibility for traditional investors and solidify XRP’s non-security status.
Hot Take: Ripple Expands Payment Services and Prepares for XRP ETF Launch
Ripple is making moves to expand its payment services in the U.S., leveraging its money transmitter licenses (MTLs) that now cover most states. Additionally, the company is hosting a fintech meetup to discuss its blockchain and payments outlook for 2024. Ripple’s strategic growth plan also involves actively recruiting talent globally.
On another front, asset management firms like BlackRock and Grayscale are gearing up to apply for an XRP ETF with the SEC, following a recent ruling declaring XRP as “not a security.” The potential launch of an XRP ETF holds significant implications for the cryptocurrency market, offering increased accessibility to traditional investors and reinforcing XRP’s non-security status.
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