Ripple’s next stop: Service expansion in UK, Ireland

Ripple is working its way around the globe after being approved to operate in Singapore last month


Jievani/Shutterstock modified by Blockworks


Ripple looks to expand its services to the UK and Ireland following its partial victory in a high profile case brought by the SEC.

Ripple has applied for a crypto asset firm license with the UK’s Financial Conduct Authority (FCA), and now it’s going after a payment institution license in Ireland, Sendi Young said to DL News in an article published Monday.

Young, Ripple’s European managing director, confirmed the information she provided to DL News in an early morning tweet on Tuesday. Blockworks reached out to Ripple for additional information about its activities in the UK and Ireland, but the company declined to comment. 

The UK’s FCA approved Bitstamp’s registration as a crypto asset firm in June 2023. MoonPay, Wintermute Trading and eToro are among other notable firms that have registered

In Ireland, payment institutions need to be approved by the country’s central bank, whose leader wasn’t too fond of “unbacked crypto” as recently as May.

Bank of Ireland Governor Gabriel Makhlouf said in a May blog post that “the claimed benefits of ‘unbacked crypto’ should be treated with a large dose of skepticism. The purchase of such products can be similar to purchasing a lottery ticket: you might win but you probably won’t.”

This could perhaps present a hurdle to Ripple, which is linked to the cryptocurrency XRP. Though it should be noted that Ripple says its payment solutions and XRP are separate from one another. 

In fact, many banking institutions use RippleNet, an enterprise blockchain network, including Santander and the Canadian Imperial Bank of Commerce.

And Ripple isn’t just expanding in Europe. Singapore allowed Ripple in June to begin offering crypto and payment services in the southeast Asian city state.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png


Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.



Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space


Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?


Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month


It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet


Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend


Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million