BREAKING: Ripple Wins Lawsuit Against The SEC (XRP)
“If the company is able to win the SEC lawsuit and trading resumes on major cryptocurrency exchanges like Coinbase, XRP is poised for significant adoption”.
What he is really saying as the SEC won’t be needed after all this. We need a new authority to deal with this fairly, without the government wading in and demanding their share of people’s profits! The SEC has lost this case. XRP is not only a cryptocurrency, it is the best one to deal with global world issues
Gensler looks like the Gotham city Villain !!
MAJOR RIPPLE XRP UPDATE! 2 HUGE Rulings! What Is About To Happen With XRP & Ripple! + Settlement?
JP MORGAN: “IF RIPPLE WINS SEC LAWSUIT, XRP IS POISED FOR SIGNIFICANT ADOPTION”
XRP VS SWIFT
The JP Morgan report started out by stating “XRP was engineered to facilitate transactions on Ripple’s blockchain-based digital payment network. Benefits of the network include expedited payments and reduced transaction fees”.
The paper mentions its founding date, 2012, and co-founders Jed McCaleb (who has left the company to launch Stellar) and Chris Larsen (who is a co-defendant in the XRP lawsuit filed by the SEC).
“While traditional money transfers – most commonly SWIFT transfers – are costly and can take up 5 business days to complete, transactions using Ripple’s XRP can be completed in as little as 3 to 5 seconds and transaction fees are just 0.0001 XRP. SWIFT transfers are more expensive due to the numerous intermediary banks involved that charge fees to both the sender and recipient.”
The Ripple network includes more than 100 financial institutions, including Bank of America, Santander, and American Express.
XRP VS STABLECOINS
Then, the JP Morgan document explained XRP’s unique value in comparison to stablecoins using the words of Ripple’s senior director of global operations Emi Yoshikawa.
“The role of XRP as a bridge asset in international settlement is not competing with stablecoins but on the contrary, it is complementary.”
XRP is not pegged to an underlying currency unlike stablecoins, which follow their underlying currency’s volatility.