XRP Poised For Parabolic Breakout As Ripple Targets Key Australian Financial License to Supercharge APAC Growth ⋆ ZyCrypto

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On Wednesday, Ripple announced plans to obtain an Australian Financial Services License by acquiring BC Payments. The move would bring the San Francisco-based enterprise blockchain company under Australia’s regulated financial services system and strengthen its presence in the Asia-Pacific region.

Ripple To Secure Highly-Coveted Australian Financial Services License

In a statement released Wednesday, Ripple said securing the Australian Financial Services License through its acquisition will allow the company to roll out Ripple Payments, a comprehensive payments platform designed to handle the entire transaction lifecycle while bridging traditional banking systems with crypto services.

Current Australian clients using Ripple Payments include Hai Ha Money Transfer, Stables, Caleb & Brown, Flash Payments, and Independent Reserve. 

In the statement, Fiona Murray, managing director of APAC at Ripple, noted that Australia represents “a key market for Ripple,” adding that securing an AFSL would enhance the firm’s capacity to expand its payments operations across the country. 

“With the AFSL in place, Ripple Payments can manage the full lifecycle of a transaction, from onboarding and compliance through funding, FX, liquidity management, and final payout, while integrating both traditional banking rails and digital assets.”

Ripple’s approach to obtaining the license is noteworthy. Instead of applying for an AFSL directly, the company is acquiring an existing license-holder, providing a quicker route to market. However, the license remains conditional on the completion of the acquisition, which is set to close on April 1.

The announcement did not reveal the financial details of Ripple’s planned acquisition of BC Payments. 

Ripple has spent the past year steadily broadening its portfolio of regulatory licenses across multiple international markets. 

Last month, Ripple obtained a full EU Electronic Money Institution license in Luxembourg. Additionally, in late 2025, the U.S. Office of the Comptroller of the Currency granted the company conditional approval to operate as a national trust bank.

Ripple stated that it currently holds more than 75 regulatory licenses worldwide, positioning the company to effectively support institutions looking to grow their presence in digital asset solutions and infrastructure.

The company has also focused on broadening the use cases for XRP and its dollar-pegged stablecoin, Ripple USD (RLUSD), through strategic acquisitions in recent months, including the non-bank prime broker Hidden Road and the corporate treasury platform GTreasury.

XRP currently ranks as the fifth-largest crypto asset globally, with a market capitalization of $84.1 billion. As of press time, the cross-border payments token was trading at $1.38, down 2% over the past 24 hours, according to CoinGecko.

Meanwhile, RLUSD boasts a market cap of roughly $1.57 billion, making it the 10th-largest stablecoin. In January, Ripple partnered with LMAX Group to boost RLUSD’s adoption among institutional users.