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Ripple scores another regulatory win in Europe. Ripple has received preliminary approval from the Luxembourg Financial Supervisory Authority (CSSF) for an Electronic Money Institution (EMI) license, which means Ripple Payments is expected to expand its operations across the EU and the 27 European Economic Area countries. Following its recognition by the UK FCA, Ripple's global regulatory licenses now exceed 75. In terms of trading volume, the company has processed over $95 billion in transactions. Market-wise, the XRP token is currently trading between $2.10 and $2.15. This series of regulatory breakthroughs lays a solid foundation for Ripple's internationalization strategy.