Ripple's pursuit of an EMI license in Luxembourg aligns with its global payment strategy, leveraging the country's robust banking ecosystem to drive the expansion of its stablecoin RLUSD in the EEA.
The establishment of Ripple Payments Europe SA and strategic hiring in Luxembourg demonstrate a concentrated effort to meet the compliance requirements of #MiCA .
Luxembourg's connectivity with major global banks, including BNY, Ripple's custody partner, facilitates compliance with EU reserve and diversification regulations, positioning it as a strategic hub despite having fewer EMI licenses compared to France.
Ripple's multi-jurisdictional licensing approach underscores its commitment to capturing the European market.
