Ripple to Obtain Australian License Via BC Payments Acquisition

TL;DR

• Ripple has announced plans to acquire BC Payments to secure a financial services license in Australia.

• The license would allow Ripple to offer an end-to-end payments platform in Australia.

Ripple Eyes Australian License Via Acquisition

Cross-border payments firm Ripple announced on Tuesday that it plans to acquire BC Payments to secure an Australian Financial Services License (AFSL) as it seeks to expand its presence in the Asia Pacific region.

In its blog post, the company stated that obtaining the license via this acquisition would enable it to offer Ripple Payments, an end-to-end payments platform that manages the "full lifecycle" of a transaction and integrates both traditional banking and crypto services.

Fiona Murray, Managing Director, Asia Pacific, Ripple, stated that,

“Licensing is fundamental to Ripple’s strategy, ensuring we can deliver secure, compliant solutions to customers worldwide. Australia is a key market for Ripple, and an AFSL strengthens our ability to scale Ripple Payments across the region. By leveraging blockchain technology and digital assets, we enable customers to move value globally with greater speed, transparency, and reliability. We remain focused on working closely with regulators to support the next phase of growth for digital asset infrastructure.”

The financial terms of the deal were not disclosed in the statement. 

Ripple is looking to expand its presence globally as it currently holds over 75 regulatory licenses around the world. 

Last month, the company secured a full EU Electronic Money Institution license in Luxembourg. In late 2025, the U.S. Office of the Comptroller of the Currency granted Ripple a conditional approval to become a national trust bank charter.

This latest development comes a week after Ripple announced that it is expanding its payments platform to enable businesses to collect, hold, exchange, and pay out in both fiat currencies and stablecoins through a single provider.

The company revealed that Palisade, which handles custody and treasury automation, powers the managed custody layer that lets businesses provision wallets at scale and sweep funds into operational accounts.

Ripple’s XRP is the third-largest cryptocurrency by market cap, behind Bitcoin and Ether. Its dollar-pegged stablecoin RLUSD has around $1.6 billion in market cap, placing it as the 10th-largest stablecoin.