Ripple gains the right to expand cryptocurrency payments in the United Kingdom

Source: PortaldoBitcoin Original Title: Ripple Gains Right to Expand Cryptocurrency Payments in the United Kingdom Original Link: The crypto payment company Ripple has received permission from the UK’s Financial Conduct Authority (FCA) to expand its payment platform in the country, according to an announcement made by the company.

The FCA approved the registration of crypto assets and the Electronic Money Institution (EMI) license for the company, allowing firms in the UK to use its services for cross-border payments with digital assets.

“Expanding Ripple’s license portfolio and payment solution goes beyond efficiency; it’s about unlocking trillions in dormant capital and creating a world where value circulates instantly,” said Monica Long, President of Ripple.

“We are excited to see the UK adopt the necessary infrastructure to make this vision a reality,” she added.

Crypto Regulation in the United Kingdom

The company’s approval comes one day after the FCA disclosed new details about the permissions required for companies wishing to conduct regulated activities with crypto assets in the country, with the new regulation set to take effect in 2027.

Based on the proposed legislation, all cryptocurrency companies will be under the full supervision of the FCA, subject to the same consumer protection and market conduct standards applied to other financial products in the country.

To meet these standards, all companies — even those already registered with the FCA — will need to reapply for approval before the new regulatory regime begins. Registrations are expected to open in September.

Ripple’s approval by the FCA, through its subsidiary Ripple Markets UK LTD, “reinforces the company’s deep and ongoing commitment to the UK,” the company stated in a release, highlighting that the country is “central” to its global strategy.

The company’s London office is the largest outside the United States, and Ripple has already allocated over US$6.6 million to British universities through its Blockchain Research Initiative.

“The UK has a well-deserved reputation for its high regulatory standards. The FCA’s rigorous approach to compliance reflects Ripple’s commitment to following the rules,” said Cassie Craddock, Ripple’s General Manager for the UK and Europe.

“Getting FCA approvals is a crucial moment for Ripple, as it allows us to provide essential digital asset infrastructure for UK businesses,” she added. “We’ve seen in other jurisdictions how regulatory clarity drives adoption, and the UK is ready to seize this opportunity.”

Early regulatory approval in the UK in 2026 continues the trend of regulatory victories for the company, which concluded its long battle with the US Securities and Exchange Commission last year.

The XRP, a token linked to Ripple, rose about 1% in the last 24 hours, accumulating over 11% gain in the past week, and was recently trading at US$2.13.