Episode Details

Ripples Acquisition of BC Payments Australia: A Strategic Move for Expansion

Ripple announces plans to acquire BC Payments Australia, aiming to obtain an Australian Financial Services License. This acquisition will enable Ripple to offer comprehensive payment services in Australia, handling customer setup and payouts seamlessly. Current users like Hai Ha Money Transfer, Stables, and Independent Reserve will benefit from this expansion. The deal is pending approval, but it positions Ripple for faster growth in the region. Fiona Murray, Ripples managing director for Asia Pacific, emphasizes Australia as a top market, highlighting the licenses role in expanding their payments business. Ripples Asia Pacific payments volume nearly doubled year-over-year in 2025, and theyre joining Project Acacia, a Reserve Bank of Australia initiative on digital asset tech. By acquiring a licensed company, Ripple avoids the lengthy application process, though the deals success depends on its closure. XRP traded at $1.38, up slightly on the day.

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