Speaking after the positive decision in the SEC case, Ripple official Sutart Aldertory expects the interest in the XRP coin and the company to increase. According to Aldertory, US-based financial companies and banks will demand Ripple services for international payments in the coming period.
The giant crypto and blockchain startup has lost a large share in the past due to the lawsuit filed by the SEC. Cryptocurrency exchanges Coinbase and Kraken delisted XRP, while companies like MoneyGram suspended cooperation. The official of the leading altcoin project is waiting for a return with the end of this environment. Coinbase and Kraken exchanges relisted the XRP coin right after the judge’s decision last week.
Stuart Aldertory to CNBC hopes the new decision will rekindle interest from US customers in the company.
Stuart Aldetory
“I think this decision will cause financial companies to turn their eyes back to Ripple. The public pressure that started due to the lawsuit prevented us from establishing new collaborations. I hope we will have many conversations with US customers this quarter.”
What Is Ripple’s Purpose?
Leading blockchain startup Ripple is a company developing a new technology for money transfers. The main goal of the company is to transfer money in a faster, safer and cheaper way. Ripple wants to build a global payment network using this technology.
The global payment network built on RippleNet makes it easy to transfer money between financial institutions. The company claims that thanks to its blockchain technology, it has a huge advantage over traditional payment networks.
Ripple is giving a role to the altcoin unit XRP for international payments. XRP coin is used on RippleNet as an intermediary for money transfer.
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