Ripple Acquires Australian Firm to Secure AFSL License in Australia

Ripple Acquires Australian Firm as AFSL License Boosts XRP Outlook

Reports confirm that Ripple acquires Australian firm BC Payments Australia to obtain an Australian Financial Services License (AFSL). The move comes as XRP price today trades near $1.38 while trading volume jumps sharply. 

At the same time, Ripple leaders are signaling a larger strategy focused on global compliance, institutional partnerships, and real-world financial use cases. The development arrives during growing market attention on XRP ETFs, enterprise adoption, and new regulatory approvals across regions.

Ripple Acquires Australian Firm to Secure AFSL License

Ripple’s expansion strategy gained fresh attention after reports that the organisation acquires Australian firm BC Payments Australia, a corporate entity linked to the European Banking Circle Group. The acquisition would allow Ripple to obtain an Australian Financial Services License.

Source: X (formerly Twitter) 

APAC Managing Director Fiona Murray said strong institutional interest exists in Australia. With the license, the company plans to offer a regulated platform that helps financial institutions move value faster using blockchain technology.

Chief executive Brad Garhlinghouse recently highlighted the firm’s global expansion after visiting Dublin, London, Singapore, and Sydney alongside President Monica Long. The leadership team also met employees who joined after several acquisitions including Hidden Road, Rail, Palisade, Solvexia, and GTreasury.

Monica Long noted that licensing progress continues globally, saying the firm now holds more than seventy-five licenses worldwide.

XRPL Vision, Institutional Push and Real Utility Focus

During the XRP Australia 2026 event, former Ripple CTO David Schwartz shared insights about the future of the ecosystem. According to him, the biggest misconception is that the altcoin is limited to the XRP Ledger.

Schwartz explained that most activity actually happens outside the ledger, mainly through trading, liquidity services, and financial infrastructure. He added that the next phase will focus on solving real problems through lending, decentralized exchanges, and tokenized assets.

The long-term vision centers on institutional participation first, which could later open the door for mass retail adoption. This aligns with Ripple’s broader goal of bridging traditional finance with next-generation digital infrastructure.

XRP Price Today Holds $1.38 as Trading Volume Jumps

While the corporate expansion story grows, token's price today remains relatively stable. It trades around $1.38 with a market capitalization close to $84.95 billion as per the CoinMarketCap.

Source: CoinMarketCap

However, trading activity tells a stronger story. The asset recorded a 36.7 percent jump in 24-hour trading volume, reaching roughly $3.27 billion. Such a surge indicates renewed market interest and capital inflows.

Technical indicators suggest cautious optimism. If strong buying continues, it could test the $1.45 resistance level. On the downside, losing the $1.35 support zone could weaken short-term momentum.

The broader crypto market also shows a mild shift toward alternative coins. The altcoin season index climbed to 36, indicating early rotation away from dominant assets.

Conclusion

The announcement that Ripple acquired an Australian firm reflects a broader push toward regulated global expansion. Combined with rising trading volume and institutional focus, the token remains closely watched by market participants. If demand stays strong and regulatory momentum continues, XRP price prediction models suggest the next major test sits near the $1.45 level.

YMYL Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and readers should conduct independent research before making financial decisions.