I think Ripple (or XRP) will be able to be on a par with ETH and BTC, this blockchain has tremendous opportunities in the financial sector. Just check out the information on their official website. ripple.com/ (Ripple Labs, Inc.)
The Ripple Company (Ripple Labs Inc.) (XRP) is a privately held company registered in California. It provides the ability to send money around the world using the blockchain.
A similar "story" was planned to develop by such companies as Facebook - previously under the Libre brand, and now Diem; as well as the Telegram messenger and its famous Gram token.
Ripple continues litigation with representatives of the SEC (US SEC), which began at the end of December 2020. The regulator accused Ripple of selling unregistered securities under the guise of XRP tokens worth $ 1.3 billion. The blockchain company insists on unfairly classifying the XRP token as a security.
Telegram, Facebook, Ripple:
Due to the actions of the authorities and the regulator in the United States, Telegram has already abandoned the "race" in this area, closing its project and returning investments to investors.
Facebook had to change the former Libra brand to Diem, as it seems to us, the name change indicates a desire to distance itself from the negative context with which the not yet launched Libra cryptocurrency has become associated with criticism of the authorities of many countries.
Only Ripple, in our opinion, looks like a clear favorite in the fight against representatives of regulators for the right to provide its services without hindrance and be considered a leading blockchain company.
In addition, last year Ripple already won a case against the R3 blockchain consortium (which includes more than 70 retail and investment banks, including Barclays, HSBC, and UBS). This indicates that the company has serious legal support. And also Ripple is called the cryptocurrency of investment bankers, since large financial institutions became shareholders in the early stages and are ready to defend their interests in court.
Back in 2015, Ripple reached an agreement with another US government agency, FinCEN, the XRP token was recognized as a convertible virtual currency, not a security. The Ripple website published a statement in which the company does not admit the SEC charges and plans to defend its position in court.
In addition, there was previously a positive contender between the SEC and the organizers of the EOS blockchain network. Then the parties came to a truce and Block.one agreed to pay a fine, which is less than 1% of the raised $ 4.1 billion.
telegra.ph/file/1046...a3140cab56c0c62d.jpg
Here are also the latest company events that I want to pay special attention to -
On April 2021 XRP community members posted tweets announcing that the Ripple ODL product is now officially registered with the UAE Ministry of Economy. According to the tweet, the Liquidity On Demand product has been registered by the commercial department of the UAE regulator to provide P2P financial data delivery services.
Ripple applied to register ODL with the UAE regulator in October 2020.
It was previously known that Ripple's partner Finastra and Uni Systems entered into a partnership.
Earlier this month: Japanese exchange TAOTAO to list XRP on September 22
news.yahoo.co.jp/art...e2ab7eb5cc0429427308
British operator Paydek started using RippleNet for cross-border transfers to Latin America and Africa
ripple.com/insights/...ca-through-ripplenet
Coinbase is using almost free money transfers via XRP and USDC
www.coinbase.com/international
We are watching the stock market in the venture capital market as well. So, now Ripple shares are available for Pre-IPO at a price of $ 65.00 per share with an estimated capitalization of $ 10.57 billion. Current Valuation Est and share prices are very close to the last round.
Regulator is putting pressure on the share price, as well as limiting the demand of new investors. However, believe me, as soon as this story with the SEC lawsuit ends, we will see an explosive rise in stocks. We expect that in the worst case scenario, the company will be forced to pay a fine and nothing more.
Ripple can become one of the top altcoins - the potential is huge. Now its widespread use is hindered by proceedings with the US SEC.
The reason the SEC considers XPR to be a security while ETH is not is because Ripple's infrastructure is still under construction and XRP is being used for funding. While the ETH infrastructure has been operational for many years ...
The Ripple Company (Ripple Labs Inc.) (XRP) is a privately held company registered in California. It provides the ability to send money around the world using the blockchain.
A similar "story" was planned to develop by such companies as Facebook - previously under the Libre brand, and now Diem; as well as the Telegram messenger and its famous Gram token.
Ripple continues litigation with representatives of the SEC (US SEC), which began at the end of December 2020. The regulator accused Ripple of selling unregistered securities under the guise of XRP tokens worth $ 1.3 billion. The blockchain company insists on unfairly classifying the XRP token as a security.
Telegram, Facebook, Ripple:
Due to the actions of the authorities and the regulator in the United States, Telegram has already abandoned the "race" in this area, closing its project and returning investments to investors.
Facebook had to change the former Libra brand to Diem, as it seems to us, the name change indicates a desire to distance itself from the negative context with which the not yet launched Libra cryptocurrency has become associated with criticism of the authorities of many countries.
Only Ripple, in our opinion, looks like a clear favorite in the fight against representatives of regulators for the right to provide its services without hindrance and be considered a leading blockchain company.
In addition, last year Ripple already won a case against the R3 blockchain consortium (which includes more than 70 retail and investment banks, including Barclays, HSBC, and UBS). This indicates that the company has serious legal support. And also Ripple is called the cryptocurrency of investment bankers, since large financial institutions became shareholders in the early stages and are ready to defend their interests in court.
Back in 2015, Ripple reached an agreement with another US government agency, FinCEN, the XRP token was recognized as a convertible virtual currency, not a security. The Ripple website published a statement in which the company does not admit the SEC charges and plans to defend its position in court.
In addition, there was previously a positive contender between the SEC and the organizers of the EOS blockchain network. Then the parties came to a truce and Block.one agreed to pay a fine, which is less than 1% of the raised $ 4.1 billion.
telegra.ph/file/1046...a3140cab56c0c62d.jpg
Here are also the latest company events that I want to pay special attention to -
On April 2021 XRP community members posted tweets announcing that the Ripple ODL product is now officially registered with the UAE Ministry of Economy. According to the tweet, the Liquidity On Demand product has been registered by the commercial department of the UAE regulator to provide P2P financial data delivery services.
Ripple applied to register ODL with the UAE regulator in October 2020.
It was previously known that Ripple's partner Finastra and Uni Systems entered into a partnership.
Earlier this month: Japanese exchange TAOTAO to list XRP on September 22
news.yahoo.co.jp/art...e2ab7eb5cc0429427308
British operator Paydek started using RippleNet for cross-border transfers to Latin America and Africa
ripple.com/insights/...ca-through-ripplenet
Coinbase is using almost free money transfers via XRP and USDC
www.coinbase.com/international
We are watching the stock market in the venture capital market as well. So, now Ripple shares are available for Pre-IPO at a price of $ 65.00 per share with an estimated capitalization of $ 10.57 billion. Current Valuation Est and share prices are very close to the last round.
Regulator is putting pressure on the share price, as well as limiting the demand of new investors. However, believe me, as soon as this story with the SEC lawsuit ends, we will see an explosive rise in stocks. We expect that in the worst case scenario, the company will be forced to pay a fine and nothing more.
Ripple can become one of the top altcoins - the potential is huge. Now its widespread use is hindered by proceedings with the US SEC.
The reason the SEC considers XPR to be a security while ETH is not is because Ripple's infrastructure is still under construction and XRP is being used for funding. While the ETH infrastructure has been operational for many years ...