Central Bank of Ireland Set to Implement XRP in Cross-Border Payment System
The Central Bank of Ireland (CBI) has officially recognized Ripple, the company behind XRP, as a key player in its future cross-border payment system by registering Ripple Markets Ireland Limited as a Virtual Asset Service Provider (VASP). This move integrates the XRP Ledger System, including the CryptoTradingFund (CTF) and its CTF token, into Ireland’s financial framework, offering users cash-back rewards in CTF tokens for cross-border payments.Ripple’s registration as a VASP in Ireland marks a major step in its European expansion. With plans to extend its services across Europe under the forthcoming Markets in Crypto Assets Regulation (MiCA), Ripple is solidifying its presence amid challenges in the U.S. The company is also expanding globally, securing key licenses in Singapore, Dubai, ...