XRP-associated blockchain payment firm Ripple has been officially listed on Europe's MiCA register by the European Securities and Markets Authority (ESMA) following its recent licensing in the region.
The listing comes alongside the addition of 14 new crypto firms that have now become fully authorized to operate as licensed crypto asset service providers in Europe.
Ripple Payments Europe gains full CASP authorization
Following this development, the European payment arm of the renowned blockchain firm, Ripple Payments Europe SA, has gained full authorization to operate in Europe.
Coupled with its recent licensing in Luxembourg, Ripple can now deliver its crypto services to financial institutions and businesses across all 30 countries of the European Economic Area.
With Ripple Payments Europe now added to the MiCA register alongside 14 other crypto firms, the total number of licensed crypto asset service providers (CASPs) in Europe has increased to 294.
XRP in spotlight
While this marks a major milestone for Ripple, it has also put its associated crypto assets, including XRP, in the spotlight, as it positions them for broader adoption.
With Ripple fully eligible to deliver its crypto payment services in Europe, Ripple-based token projects XRP, XRPL, and RLUSD are set for stronger real-world use cases.
Dan Burgin
U.Today Editorial Team
