Ripple (XRP) Continues to Expand on The Adoption Front as Malaysian Partner Secures Digital Remittance License

Ripple (XRP) has focused on expansion in the payments space, and the governing body, Ripple Labs have been striking several partnership deals for the same. The network is working hard to realize its aim of becoming the leader in the global digital token remittance platform. One such partnerships of Ripple aimed at global payments is a Malaysia based money transfer platform called MoneyMatch. The platform has reportedly secured a digital remittance license from the country’s regulators, which will now help Ripple to expand its reach in the Malaysian markets. The segment leader, SWIFT has a much wider reach. It is based on a four decades old messaging platform and has tie-ups with over a whopping 11,000 banks worldwide. To tackle this, Ripple needs to widen its reach, especially in emerging markets like Malaysia, Singapore, and India, as these regions have a better scope for development than the developed countries like the US or Canada.