Ripple has obtained preliminary approval for an Electronic Money Institution (EMI) license in Luxembourg, marking a significant step in its strategy to expand regulated payment services across the European Union. This approval, granted by the Commission de Surveillance du Secteur Financier, enables Ripple to prepare for EU-wide payment passporting under a unified regulatory framework, facilitating cross-border payment solutions within the bloc. The Luxembourg EMI license strengthens Ripple's regulatory position in Europe, allowing the company to scale its services efficiently across EU member states. Ripple's network, which processes over $95 billion in payments volume, connects payout partners across major corridors, enhancing speed and transparency in cross-border transactions. This development aligns with Ripple's broader compliance strategy, which includes previous regulatory progress in the UK and preparations for the Markets in Crypto-Assets framework.