Technology

Crypto firm Ripple gets Central Bank approval

Company behind XRP, one of the most popular cryptocurrencies globally, has been registered as a Virtual Asset Service Provider (VASP)

Ripple is a payments company, which in addition to having its own cryptocurrency, specialises in cross-border money transfers via the blockchain

Ripple, the crypto company, has been registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland.

The designation means the company, which is behind XRP, one of the most popular cryptocurrencies globally, is now approved to provide services to individuals and institutions locally.

Other firms to have been approved in Ireland include Gemini, the company established by the Winklevoss twins, which became the first entity to be registered as a VASP ...