Now the third crypto-friendly company across the world to be issued a Financial Conduct Authority (FCA) e-money license in UK, Wirex is will be holding a giant role in the Cryptocurrency world, pushing Ripple’s XRP steps above its present premise in the crypto universe.

The big cat was let out of the bag in a Press Release issued by the Cryptocurrency debit card producing company on the 21st of August, stating that the e-money license will help to foster the trust and reputation of Wirex in the market, and by now, it must be clear to the world that Wirex is a reliable company to bank on globally.

The independent body, FCA, which is responsible for the UK Treasury and regulation of over 56,000 UK financial services and markets was established with the aim of protecting customer’s interest and fund, improving market integrity as well as competitions.

Due to the decentralization of Cryptocurrency and criminal activities like Ponzi schemes and scams attacked to it, FCA issues the license on stringent conditions.

While Wirex remains a reputable company that does not deal with ICO, the license underscores the integrity, compliance, and professionalism of the company as it brings Cryptocurrencies to mainstream usage.

The release further aired that the FCA license will expose Wirex to a much wider market, giving it the opportunity to create e-money accounts in more than 25 different currencies across the world.

What The License Means To Ripple (XRP)

While there has been an existing official relationship between Ripple and the UK based company, many has flagged the latest announcement as an additional wing for Ripple’s (XRP) in the space.

In July Wirex announced the launch of Ripple (XRP) wallet to help enhance easy conversion of XRP to fiat and trade of the Cryptocurrency.

Days after, it was announced by Today’s Gazette that lovers of the Cryptocurrency responded positively to the wallet by depositing about US$2,000,000 XRP in less than 12hours.

Musing over the last announcement from Wirex which escalated the adoption of XRP in the market, one could envisage that this would be another big news for the Cryptocurrency.

Image Credit: Ripple Coin News