Crypto firm Ripple gets in-principle payments license in Singapore

Crypto firm Ripple gets in-principle payments license in Singapore

Ripple said it received in-principle approval of a Major Payment Institution Licence from the Monetary Authority of Singapore, the country's central bank.
The license allows Ripple to offer regulated digital payment token products and services and expand customers' use of XRP, a cryptocurrency it is closely associated with.
It comes as Ripple continues to spar with the Securities and Exchange Commission over a lawsuit.