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Usha Yadav
Oct 13, 2022

Ripple Partner Makes Next Big Step After Officially Joining Case

Ripple Lawsuit
For Ripple, the past few weeks have been complete with activity related to the company's operations and legal disputes with the US Securities and Exchange Commission. The trial judge's decision to allow Ripple's partners to voice their opinions in court was only made public yesterday, and today Filipino I-Remit formally sent an extended amicus brief.

Ripple Partner's Big Step

An updated version of a stunning brief that the corporation released in late September is included in the most recent edition. It details how the Filipino payments company employs Ripple technologies, such as RippleNet and ODL, and illustrates why XRP is not a security, contrary to what the American regulator alleges. Exciting assertions made by I-Remit in the submitted amicus brief concern the SEC's capacity to comprehend the cryptocurrency business. Former director of Ripple development Matt Hamilton reacted to the summary of i-Remit by saying that these claims are encouraging because they demonstrate that such businesses are adopting XRP.

On-Demand Liquidity technology Demand

Ripple is still developing collaborations all across the world in the meanwhile. If the business has previously primarily engaged with Asian payment providers, then the most recent information is about Europe.

Wave signed its first agreements for ODL products in Sweden and France. The crypto company's latest partners are Xbaht, which handles cross-border transactions between Sweden and Thailand, and Lemonway, a French provider of payment solutions for online marketplaces. Ripple collaborates on several projects with the latter nation aimed at the Asian remittance sector.

 

Ripple Partner Makes Next Big Step After Officially Joining Case
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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