A British flag with the word "Ripple" stamped on it
KEY TAKEAWAYS
- Ripple has received regulatory clearance from the UK’s Financial Conduct Authority.
- The approval has brought excitement to the UK’s residents who responded on X.
- Despite Ripple’s regulatory progress, XRP’s price remains subdued.
Ripple announced earlier today that it has received clearance to operate freely in the UK. This news has caused excitement from Brits who are celebrating the regulatory clearance and look forward to Ripple operating in the country.
In a post shortly after Ripple shared the news on X, a Brit and fan of the company quoted the announcement, saying that the Financial Conduct Authority (FCA) is a respected regulator in the UK and securing clearance from it is no small feat.
Ripple to Transform Digital Payments in The UK
For many years, the UK has been backward when it comes to crypto and blockchain adoption. The trend started changing after the immediate past Prime Minister declared support for blockchain and crypto, whose legacy the current PM has continued. It is this openness to innovation that has probably facilitated Ripple’s approval by the FCA.
The Ripple fan who quoted the announcement also stated that the company will change the future of digital payments in the country. Ripple is known as the foremost crypto network for digital payment both locally and across borders. By getting regulatory clearance in the UK, the company seems to have plans for transforming the country’s digital payment infrastructure. President at Ripple Monica Long said:
“Finance is undergoing a fundamental shift, and we are rapidly moving beyond pilots into a new era where blockchain and digital assets serve as critical infrastructure for the global economy. Extending Ripple’s licensing portfolio and payments solution is about more than just efficiency; it is about unlocking trillions in dormant capital and realising a world where value moves instantaneously. We are thrilled to see the UK embracing the compliant infrastructure necessary to make this vision a reality.”
Ripple has secured a number of regulatory licenses last year into this year. However, to many, these licenses are pointless if they don’t result in the value of XRP rising. As the token that powers the Ripple ecosystem, fans expect the asset to grow in proportion to the wide acceptance but that is not the case yet.
Is it Calm Before the Storm for XRP?
With the wide expansion in Ripple’s infrastructure across jurisdictions, XRP’s price continues to struggle despite analysts envisioning price rallies. A German investment expert said last month that the token’s price is lagging behind the happenings at Ripple but it’s just temporary.
Similarly, several XRP fans strongly believe this narrative and look forward to the time when it will rally to their imagined prices, some calling for $100 which an analyst has dismissed as unrealistic.
More Must-Reads:
How do you rate this article?
Subscribe to our YouTube channel for crypto market insights and educational videos.
Join our Socials
Briefly, clearly and without noise – get the most important crypto news and market insights first.
Most Read Today
Samsung crushes Apple with over 700 million more smartphones shipped in a decade
2Peter Schiff Warns of a U.S. Dollar Collapse Far Worse Than 2008
3Dubai Insurance Launches Crypto Wallet for Premium Payments & Claims
4XRP Whales Buy The Dip While Price Goes Nowhere
5Luxury Meets Hash Power: This $40K Watch Actually Mines Bitcoin
Latest
Most Read Today
MOST ENGAGING
Also read
Similar stories you might like.