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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