Ripple

Thunes, the Singapore-based payment firm, and Ripple, the US digital asset infrastructure for financial institutions, have announced an expanded partnership to boost cross-border payments globally.

StraitsX, a Singapore-based digital payment infrastructure provider, announced Tuesday the launch of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), a decentralized layer-1 blockchain.

Ripple, the United States-based enterprise blockchain and crypto solutions provider, announced Tuesday that its Singapore subsidiary Ripple Markets APAC Pte Ltd has secured its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). The issuance of Ripple’s MPI license for digital payment tokens (DPTs) follows the MAS’…

An emerging preference for digital payments naturally leads to consumers increasingly demanding faster and more affordable payment options--which in turn is spurring innovation among fintech startups and traditional financial institutions alike.