Ripple says that the lawsuit also involves plaintiffs from international geographical locations like Israel and hence it should be dealt with in the federal court.
American tech-company Ripple reported more than a double increase in revenue collected from XPR tokens sales, thus shattering the crypto-community to their ground.
Cryptocurrencies are continuing their way to mass adoption. Now it can take only a few seconds to convert XRP to cash with the help of ATMs.
Ripple (XRP), ranked third largest crypto, has skyrocketed, gaining 45% this week. Its 24-hour appreciation makes XPR the best performer out of the world’s 50 largest cryptocurrencies by market capitalization.
Ripple Labs has managed to coordinate all lawsuits claiming “XRP is a Security” for a single response as they are all a material part of the same subject matter.
The Bank of Thailand’s is going to finish the first phase of its work on Central Bank Digital Currency (CBDC) early next year.
The keynote discussion will be held on the topics connected with regulatory framework along with new crypto opportunities across different business horizons.
Currently, Ripple has a new senior vice president of business and corporate development. Former Facebook’s global payments director has joined the team.
According to the senior vice president of product at Ripple, the biggest risk that this California-based start-up faces today is regulation.
Ripple has developed a number of solutions that can reduce the costs of international money transfers, but the company has to face some obstacles on the way to the massive adoption of its technology.