Ripple eyes Europe's $200T payments market after meeting Luxembourg's finance minister, advancing its bid for regulatory approval and regional expansion.
After meeting Luxembourg's finance minister, Ripple is positioning to capture Europe's $200 trillion cross-border payments opportunity, even as XRP shows short-term bearish momentum.
In a significant development for the European fintech landscape, Luxembourg Finance Minister Gilles Roth recently held a high-level meeting with Ripple, underscoring the company's push to secure a license to operate in the country.
The discussions highlighted Ripple's ambitions across Europe and Luxembourg, signaling a deepening partnership between one of the world's leading blockchain firms and a nation at the forefront of digital finance innovation.
According to Minister Roth, the meeting centered on Ripple's strategic objectives and Luxembourg's ongoing commitment to fostering digital innovation.
Author's summary: Ripple targets European market.