RedotPay taps Ripple to roll out Nigerian naira crypto cashouts

On December 1, 2025, Ripple announced a significant regulatory upgrade in Singapore, enhancing its Major Payment Institution license. This upgrade allows Ripple Markets APAC Pte. Ltd. to operate a fully regulated payments platform, facilitating cross-border money transfers and providing faster, more transparent settlements using XRP and its stablecoin RLUSD.

OpenEden has successfully raised an undisclosed funding round backed by Ripple and several major venture capital institutions, aimed at expanding its platform for tokenized US Treasurys. This initiative is part of a broader trend towards integrating traditional financial instruments with blockchain technology.

Ripple has reported significant growth in its operations in Africa and Turkey, highlighting the increasing demand for its services in these regions. This expansion is attributed to the rising interest in cryptocurrency and digital payment solutions, which are becoming essential for cross-border transactions.

Ripple has reported a significant increase in demand for its RLUSD stablecoin, which is now well-positioned to capitalize on market opportunities. The stablecoin has recently surpassed $1 billion in supply on the Ethereum blockchain, coinciding with its regulatory approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA).

Recent discussions around XRP have intensified as the cryptocurrency maintains a trading price around $2.20, coinciding with the launch of new Spot XRP ETFs that are attracting significant institutional interest. An XRP enthusiast, Pumpius, has provided insights into the market's current calmness despite rising demand, suggesting that the price does not yet reflect the underlying dynamics of ETF mechanics.