Ripple Granted License-Free Operation in Singapore for its Tamperproof RippleNet

[solodeji]

https://heraldsheets.com/2020/04/15/ripple-granted-license-free-operation-singapore-tamperproof-ripplenet/

Singapore Monetary Authority has reportedly granted license-free operations reward to ripple for its seamless and tamperproof RippleNet.

This is quite good news for the teeming XRP community members...

[Julian_Williams]

I do not understand the technical ramifications of this new status well enough to make much comment.  But it sounds like good news as in recent months there have been rumours that Singapore is setting itself up as a regional hub for ODL in the region, with Thailand, Laos, Cambodia and Vietnam, Japan and Korea.  This region is a spark point where XRP might eventually reach critical mass and become a significant player in cross border payments.  I am sure Crypto Eri will have something to say about this development as she has been watching this space very carefully these last few weeks.

Edited April 15, 2020 by Julian_Williams