Ripple Plans BC Payments Acquisition to Expand in Australia

TheNewsCryptoPublished on 2026-03-11Last updated on 2026-03-11

On March 10, Ripple publicised that it has plans to acquire BC Payments to have an Australian Financial Services Licence (AFSL) as it looks to expand its presence in the Asia Pacific region.

In the statement, Ripple added that having the AFSL via the acquisition will help the firm to provide Ripple Payments, an end-to-end payments platform that handles the “full lifecycle” of a transaction and amalgamates both traditional banking and crypto services.

The managing director at APAC Ripple mentions that Australia remains the prominent market for Ripple and an AFSL makes the ability of scaling Ripple Payments across the region possible.

The statement does not give any hint regarding the financial terms of the BC Payments acquisition. Ripple mentioned that currently it has more than 75 regulatory licences around the world, which positions the firm in a strong position to work with institutions looking to expand into digital asset solutions and infrastructure.

The Robust Position of Ripple in the Industry

In February, Ripple got a full EU electronic money institution licence in Luxembourg. At the end of 2025, the U.S. Office of the Comptroller of the Currency gave Ripple a conditional approval to become a national trust bank charter.

Ripple’s creation and highly promoted token XRP is now the fifth-largest crypto asset in the world, having $85.1 billion in market capitalisation. At the time of writing, it was trading at $1.38, up 1.24% in the last 24 hours and 4.01% down in the past month, as per CoinMarketCap.

At the same time Ripple’s dollar-pegged stablecoin, RLUSD, has about $1.6 billion in market cap, positioning it as the 10th-biggest stablecoin. Recently, it was also reported that the stablecoins generated around $33 trillion in 2025.

In January 2026, Ripple also secured a great collaboration with LMAX Group to widen the institutional usage of RLUSD.

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Related Questions

QWhat is the main reason Ripple plans to acquire BC Payments in Australia?

ARipple plans to acquire BC Payments to obtain an Australian Financial Services Licence (AFSL), which will help the company expand its presence in the Asia Pacific region and scale its Ripple Payments platform.

QHow many regulatory licenses does Ripple currently hold worldwide according to the statement?

ARipple currently holds more than 75 regulatory licenses around the world.

QWhat significant license did Ripple obtain in Luxembourg in February?

AIn February, Ripple obtained a full EU electronic money institution license in Luxembourg.

QWhat is the market capitalization of Ripple's XRP token and its current ranking?

ARipple's XRP token has a market capitalization of $85.1 billion, making it the fifth-largest crypto asset in the world.

QWhich stablecoin does Ripple issue and what is its approximate market cap?

ARipple issues a dollar-pegged stablecoin called RLUSD, which has a market cap of about $1.6 billion, making it the 10th-largest stablecoin.

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