Ripple is pursuing an Australian Financial Services License (AFSL) through its proposed acquisition of BC Payments Australia Pty Ltd, extending its reach into a key Asia-Pacific market. While Ripple is expanding its institutional footprint, XRP (XRP) continues to attract notable retail demand as evidenced by exchange-traded fund (ETF) data and on-chain accumulation. Australian License Marks Strategic APAC Expansion For Ripple According to the company’s announcement, the proposed acquisition remains subject to finalizing the standard completion process. Ripple’s bid for the AFSL would allow it to offer regulated payment services to Australian banks, fintech firms, and enterprises
source: https://beincrypto.com/ripple-australia-license-xrp-etf-retail/