Ripple Labs has announced its plan to acquire BC Payments, with the deal expected to be closed around April 1, with the objective of obtaining an Australian Financial Services License (AFSL) and further growing its regulated payments presence in Australia.
This license would enable Ripple to further establish itself in Australia’s financial sector, which already has the company’s services for cross-border payments using blockchain technology for businesses looking for speedier and more cost-effective alternatives to traditional bank transfers.
According to Ripple’s Asia Pacific VP and MD Fiona Murray, this license could lead to growth in this region. In a regional statement, she mentioned that Ripple’s APAC transaction volume almost doubled in 2025 as more businesses utilized digital payment infrastructure.
Network has also developed its regional partnerships to enable growth, working with Hai Ha Money Transfer and Caleb & Brown to expand the accessibility of cross-border remittance and digital asset payments.
Ripple Expands Institutional Strategy
Outside of Australia, Ripple’s institutional footprint is growing on the global stage. This year, Token received conditional approval from the OCC to establish Ripple National Trust Bank in the US, which could allow the company to operate under the traditional financial system.
This has allowed the company to secure necessary approvals to operate within the EU and UK markets, which is part of a larger industry trend of compliance as global regulators develop more definitive digital asset regulations, including the EU’s MiCA Regulation.
Ripple is expanding its blockchain technology ecosystem and is set to launch its stablecoin RLUSD in Japan, followed by other financial products on the XRP Ledger.
The XRP community is currently discussing a plan to create a mechanism for generating yields for both XRP and RLUSD, which could increase participation in the network.
Network is planning to announce the results of Project Acacia, which is an investigation into the prospect of digital currencies being integrated into current financial systems.
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XRP Price Outlook
XRP is currently trading at $1.38, indicating a rise of 0.09% over the last 24 hours, based on data provided by CoinMarketCap.
From a technical perspective, currently, XRP is holding above its 78.6% Fibonacci retracement level at around $1.36. If it continues to hold at this level, it is likely to target the resistance level of around $1.42 and $1.47. Moreover, if it breaks through this level and goes below it, it may likely target around $1.33.
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