In brief
- Ripple plans to secure an Australian Financial Services License by acquiring BC Payments.
- APAC payments volume nearly doubled in 2025, with several Australian firms already using the platform.
- Expansion raises questions about blockchain settlement inside regulated banking systems.
Ripple said Tuesday it is seeking an Australian Financial Services License through the acquisition of BC Payments, a move that would place the crypto firm within Australia’s regulated financial services framework.
The license will allow Ripple to oversee settlement, connect customers with local payout partners, and route transactions through a single integration rather than multiple intermediaries.
“Australia is a key market for Ripple,” and the license will help strengthen its “ability to scale,” Fiona Murray, managing director for Asia Pacific at Ripple, said in a statement.
Its payments platform will also manage the full cycle of cross-border transactions, including onboarding, compliance, funding, foreign exchange, liquidity management, and final payout, while…
