44 min temu
Ripple Executive Highlights FSCA Licensing Progress as Key to South Africa Expansion
On December 15, 2025, Ripple Labs' Managing Director for Middle East & Africa, Reece Merrick, underscored South Africa as a strategic market for the company amid rapid regulatory advances. He noted that the FSCA had received 512 CASP license applications and approved 300 by December 2025, shaping a more regulated ecosystem that could support Ripple's partnerships, including its custody collaboration with Absa Bank. Merrick also pointed to a 52% surge in Sub-Saharan Africa transactions to $205 billion between July 2024 and June 2025 as evidence of growing regional crypto adoption.