Ripple, the famous blockchain technology-focused payments company, based in San Francisco, has found success in strengthening its footprints in the market of the East, and the company has done this despite regulatory uncertainty that the company is facing currently in the United States of America due to its fight with the Securities and Exchange Commission (SEC).
Last year in the month of December, the US Securities and Exchange Commission put forward some charges against the cross-border blockchain payments behemoth Ripple saying that it has violated the securities act by conducting the sale of unregistered securities worth $1.3 billion.
Though these allegations of SEC against Ripple affected the company and its native digital currency XRP, they, however, do not seem to be affecting the operations of the company as Ripple is successfully carrying out all of its business operations. The latest development on the part of Ripple is that it has expanded its presence in the Eastern market despite facing regulatory uncertainty in the United States.
Brad Garlingshouse, the Chief Executive Officer (CEO) of Ripple, has claimed in a statement that around 95 percent of the company’s native cryptocurrency XRP’s trading is currently being conducted on the trading platforms that are outside of the United States. This shows that there is no halt in the trading of XRP outside of the US cryptocurrency market. Moreover, Garlinghouse stated that the company has also seen a potential demand for its cross-border payment solutions in the markets of the East.
In addition to that, the company has just recently announced that in the wake of its Easter market expansion, it has acquired a stake of around 40 percent of Tranglo, a remittance payments company. The company says that this acquisition is beneficial for the company for the strengthening of ODL (On-Demand Liquidity) solutions.
A Complete Overview of Cryptocurrency Cloud Mining Platform – TopHash
9 Out of Every 10 Central Banks Around the World are Exploring CBDCs, Ripple Reports
XRP Is On Its Way to a Strong Comeback as Coin’s Rising Trading Volume Shows Growing Investor Interest
Research Uncovers Why XRP Is Japan’s Most Favored Cryptocurrency
XRP Falls to $0.47, as the SEC Strikes Back at Ripple
Recent Press Release
CGMD Miner’s Low-Cost Coin Mining : Spend Less, Earn More!
As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many...
Will Arbitrum Reach $1? ARB Struggles, SPCT Offers Better Prospects
As the crypto market recovers from Bitcoin’s (BTC) recent crash, Arbitrum (ARB) is enhancing its network capabilities to improve its...
Cardano (ADA) Lags, Analysts Predict VC Spectra (SPCT) Will Outpace it
Cardano’s (ADA) price has suffered despite the launch of Cardano’s Project Catalyst Testnet on August 25. Even when the news...
SUI and Hedera (HBAR) Slump Ahead of Token Unlocks, VC Spectra (SPCT) Gains Users
Token unlocks in crypto are typically bearish signs due to basic supply and demand. Analysts will keenly observe how Sui...
While Polkadot (DOT) Pauses, VC Spectra (SPCT) Offers a 220% Potential Upside!
VC Spectra (SPCT), a rising blockchain for investments and asset management, has grown considerably in its ongoing presale. Meanwhile, Polkadot...