tl;dr
Yoshitaka Kitao, head of the Japanese SBI Group, supports Ripple's next steps in the crypto industry on social media. Ripple secures 50 Money Transmitter Licenses in the U.S., expands its product range, and emphasizes domestic hiring, with 75% of open jobs based in the U.S. The company sees increase...
"Crypto Momentum in the US: Ripple's Next Steps and Industry Prospects"
In a significant move, Yoshitaka Kitao, the head of the Japanese SBI Group, publicly supports Ripple's next steps in the crypto industry, emphasizing the company's prospects in the United States.
Ripple has secured 50 Money Transmitter Licenses in the U.S., with a focus on expansion, product diversification, and domestic hiring, as 75% of open jobs are based in the U.S. The company notes an increased demand for stablecoins and cross-border payments powered by crypto.
The U.S. political landscape has shifted, engendering expectations of substantial industry developments over the next four years. U.S. financial institutions are increasingly embracing crypto for profit, reflecting a growing belief in blockchain and crypto's impact on finance.
Additionally, Ripple has obtained 50 crucial Money Transmitter Licenses in New York and Texas, with a strong presence in these states due to high demand for real-time international payments. The company has also noticed a rise in the demand for stablecoins, leading to the launch of its own product - the Ripple USD (RLUSD) stablecoin pegged to the U.S. dollar.
Ripple's commitment to the U.S. is evident as 75% of open jobs are for its U.S.-based branches, with significant domestic hiring expansion compared to previous years.
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