Ripple got regulatory approval to operate in Ireland through the Bank of Ireland's VASP Register. The move expands Ripple's footprint after similar approval in Dubai, though it won't move XRP's price unless Irish banks actually use it for cross-border payments.
Oh my goodness, big news for Ripple. They have just been added to the Bank of Ireland's Virtual Asset Service Providers Register. Now, what does this mean for Ripple and what does this mean for XRP? Let's start with XRP. This basically means nothing for XRP. It's not going to make the token value go up. It means nothing unless Ireland banks start to use XRP. Why would they use XRP? Well, it saves them millions and millions of dollars with cross-border payments. Now, what does this mean for Ripple? This actually means that Ripple can now offer certain digital asset services within Ireland, which is extremely bullish. Ripple also just got this same privilege in Dubai, so they can offer certain digital asset stuff in Dubai. Everybody but the USA and Canada seem to just be welcoming crypto with open arms. I love to see it.
