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XRP JPY (XRP-JPY)
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And Ripple continues to grow
Ripple to set up payments corridor between Europe and Mexico
Through this collaboration, Ripple intends to improve business-to-business payments using RippleNet's ODL—a liquidity platform fueled by the XRP cryptocurrency.
FINCI has become the first customer of Ripple in Lithuania, a leading fintech hub in Europe that has been growing fast as of late.
Thanks to this collaboration, FINCI intends to facilitate fast and low cost payments between Europe and Mexico for its clients.
FINCI boss Mihails Kuznecovs said in an interview that the goal of his company is to eliminate hidden obstacles and inefficiencies that hinder seamless cross-border payments, and here their goals match with those of Ripple.
He added that the use of Ripple's ODL (On-Demand Liquidity) service will enable the FINCI to make lots of operational improvements and savings, which will later be put back into the business in order to improve it in general.
Ripple already has several ODL corridors running in various regions, which includes Europe, Japan, the Philippines, Australia and Mexico. In Mexico, it uses local crypto exchange Bitso as an ODL service provider. As per data shared by Ripple recently, ODL is now present in 22 destination markets.
Binance Is Actively Applying for Licenses in Germany
ODL's popularity in EU on the rise, Ripple says
Ripple has been spreading the word that, recently, the popularity of its products and services has risen significantly in Europe as blockchain is becoming used more and more often for payments in the EU.
As per recent research done by Ripple, in the near future, almost 60% of financial institutions in Europe intend to leverage blockchain to conduct payments.
List of wins Ripple has accumulated
Before exploring why XRP hasn’t gone up, we need to examine the nature of the SEC’s lawsuit against Ripple Labs.
The SEC is accusing Ripple of running an unregistered securities offering. When you issue a stock or a bond in the U.S., you have to first register it with the SEC. Not doing so is illegal. Ripple sold XRP tokens without registering them. Initially, the SEC believed that this was OK, as evidenced by agency bigwig William Hinman’s statement that Ethereum wasn’t a security. However, the agency abruptly changed its approach a few years later, coming out of left field to sue Ripple for an unregistered offering.
Since the lawsuit was filed, Ripple Labs has racked up a number of procedural wins:
Ripple got a judge who ruled that Ether isn’t a security deposed.
Hinman’s statements on crypto were allowed in trial — twice!
Ripple forced the SEC to turn over documents detailing crypto trading by its own staff.
The pre-trial hearings definitely look like they’re moving in Ripple’s direction.
I feel XRP has to win the lawsuit before the BIG crash happens. I bet we see $10 after lawsuit ends soon, then down to 0 when the big crash happens, which will be Tether “breaking” or being hacked like Terra just did, that will take down Binance and Ethereum, btc, US$ and all stocks.. then the Phoenix rises, XRP explosion to the hundreds or thousands. BUT, XRP has to be proven in court as a winner, that it passed SEC investigation/regulations before it can be implemented as the solution to world currency, banks, etc. when the “reset” happens. when everything & XRP Goes to 0 in the big crash, people will not be able to buy XRP because nothing will be worth anything at that time. Then the “phoenix rises”
I feel like I just cracked the code.
D J D
Coinbase is a public traded company. Filed with Sec. They make these statements about bankruptcy that they could use your crypto for the bankruptcy proceedings. Lawful or unlawful, where is The Sec at for protecting people. They are worried about Xrp being a security, what about protecting us if Coinbase files bankruptcy
If you aren't buying on these dips, don't worry the whales have purchased a 2.4% in their total holdings over the last 11 days and currently hold 6.12% of all XRP
Its simple math. Present government is deliberately attacking its own country in an effort to breakdown America through a Pandemic followed by an inflationary bomb and a war we have no business sponsoring. Why on earth in times when Americans need help is this administration capitulating the economy? Its akin to how a communist regime works. By commanding and demanding how and what we do with our lives and crippling us financially they are stongarming us into submission. Get vaxed, do not disagree with us or we will fire, shame and call you a racist. Its appalling, disgraceful and downright disgusting what the present administration has done to our Great America. So put you blinders on and turn an eye or speak out and defend your rights and freedom to be what we all are or were, proud Americans.
Just bought 5000 more XRP.
who knows what the crypto world has in store.
But now i'm happy with my position.
that is all.
It's all part of the bigger plan.. the SEC lawsuit is a smoke and mirrors play... XRP will be the "only" US backed crypto! You shall see.. no case in SEC history has been stalled like this one... 2yrs.. c'mon.. "Open Your Mind"
Attorney John Deaton, one of the most outspoken lawyers in the Ripple v. SEC lawsuit, is seeking to be granted amici status that will enable him to represent 67,300 XRP holders in the ongoing legal battle.
According to a recent motion, attorney Deaton is requesting permission from Judge Sarah Netburn to get the necessary approval to file a brief on behalf of the 67,000 XRP investors.
As part of the brief, the outspoken attorney plans to respond to a report from one of SEC’s experts, Patrick B. Doody, who claims to know what motivated XRP investors into purchasing the asset class during the 2013 Initial Coin Offering (ICO).
Guys, check out (
). They have been crushing it lately while XRP-USD barley does anything at all.
Protest SEC Corruption
Justice Delayed is Justice Denied - Gary Gensler
I got nothing... just felt like posting a meme...
‘Crashes are the best times to get rich’ — here’s why Robert Kiyosaki thinks bitcoin’s plunge is great news and how you can take advantage of it
I'm a long-term holder that has been accumulating for 4+ years now. Never sold a single XRP and don't care to day trade (although there is a ton of opportunity and risk to do so, just not interested). The fact that the SEC is beefing up their enforcement staff tells me the case is 'close' to an end and they will be on attack. The closing of this case will set precedent and they will be going after all the crud-coins. Doge and Shiba beware. They may even go after Eth. Only a matter of time people. Light at the end of the tunnel.
WEF 2022: Ripple CEO reveals he visited SEC several times before lawsuit struck
Brad Garlinghouse, the CEO of cross-border payments company Ripple, spoke during a panel discussion at the WEF 2022.
Is this declining another 50% from this moment?
Once again for the fourth time, the SEC tries to hide this from the public, even after Empower has found definitely conflicts of interest with Hinman. Corruption within the SEC is a making buyers/public of XRP to pay a huge price domestically and internationally not to say the effect it is having on Ripple and our roll out making cheaper movement of money? IS the SEC protecting banks for higher transaction costs or the consumer as they are supposed to be. Another example of corruption with the SEC?
The only thing that keeps me sane at moments like this, is that I’m not in this alone. We going to HOLD!! And add more
Be patient with XRP and it will reward long term holders just like how BTC was used to buy two pizzas in 2010! 😄
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