Prepare Yourself – Ripple XRP Mainstream Adoption is Coming

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A Ripple-backed startup says it’s working to acquire a series of licenses to boost the XRP ecosystem and bring crypto to the mainstream.

The founder of XRPL Labs, Wietse Wind, says the company plans to obtain a fiat-to-crypto license, a crypto custody license and a European banking license in a push to bridge the gap between cash and crypto.

The licenses would allow the company to offer its line of products on a large scale and meet know-your-customer (KYC) and anti-money-laundering requirements.

This could give existing products like the XRP Tip Bot a legally compliant way to power much larger transactions and withdrawal amounts. Currently, the Tip Bot does not utilize KYC verification, and is limited to 5 XRP per tip and a maximum withdrawal amount of 1,000 XRP per month per user.

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Prepare Yourself – Ripple XRP Mainstream Adoption is Coming

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