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# EMI
184
BasheerAlgundubi
Official: #Ripple obtains #EMI licensing in Luxembourg. 🇪🇺🏦
A pivotal step for the cross-border payments sector, #XRP has announced it has received full electronic money institution license (EMI) in Luxembourg.
What does this mean in financial and business terms?
Official recognition: Ripple is now licensed to issue electronic money and process payments like any major financial institution in Europe.
Comprehensive access: Through Luxembourg, the company opens the "European Economic Area" (EEA) entirely for its services thanks to the EU’s unified laws.
Institutional trust: Banks and lar
A pivotal step for the cross-border payments sector, #XRP has announced it has received full electronic money institution license (EMI) in Luxembourg.
What does this mean in financial and business terms?
Official recognition: Ripple is now licensed to issue electronic money and process payments like any major financial institution in Europe.
Comprehensive access: Through Luxembourg, the company opens the "European Economic Area" (EEA) entirely for its services thanks to the EU’s unified laws.
Institutional trust: Banks and lar
XRP1,95%
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