Cryptocurrency company Ripple has managed to gain approval as a virtual asset service provider (VASP) in Ireland.
According to the statement made by Ripple the other day, the company has joined the VASPs of the Central Bank of Ireland registered in the country.
In this way, Ripple, the developer of XRP, will be able to offer certain services related to digital assets to customers in Ireland.
The company plans to serve customers across the European Economic Area after the European Union’s MiCA regulation for digital assets comes into effect at the end of 2024.
Ripple Senior Vice President of Strategic Initiatives Eric van Miltenburg said that the company’s addition to the Central Bank of Ireland’s list means that Ripple “an important step for its activities in the region” said that.
Ripple opened its office in Dublin in 2022.