🧵 1. Ripple confident US banks will embrace XRP after ruling that it is not necessarily a security. Talks to begin in Q3 about using XRP for cross-border payments. #crypto
🧵 1. Ripple confident US banks will embrace XRP after ruling that it is not necessarily a security. Talks to begin in Q3 about using XRP for cross-border payments. #crypto
🧵 2. Landmark ruling determines that XRP is "not necessarily a security on its face," contesting claims from SEC. Ripple fought allegations for 3 years.
🧵 3. Ripple suffered business setbacks, losing a customer and investor after legal battle with SEC. MoneyGram ended partnership, Tetragon sold stake.
🧵 4. Ripple optimistic that ruling will attract US banks to use its On-Demand Liquidity product, which utilizes XRP for money transfers. Expecting fruitful discussions this quarter.
🧵 5. Ripple aims to solve real-world problems of high fees and slow cross-border transactions. Hopes ruling will encourage financial institutions to explore blockchain-based alternatives.
🧵 Read more at: https://www.cnbc.com/2023/07/17/ripple-hopes-judge-ruling-in-sec-case-will-lead-to-us-banks-using-xrp.html