Payment providers and fintech companies with global users face the same challenge: sending value across borders fast, at low cost, and at scale. https://t.co/havjXT2lAj
Our latest Cross-Border Payments Guide explores the nitty gritty of a payment flow, delving into what’s possible, what needs to be fixed and what’s next. 📶
Learn how Ripple Payments can improve global transactions for your business.
BREAKING: Banks can now engage in crypto without FDIC pre-approval.
That green light just hit and $XRP is on the table.
For years, financial institutions were sidelined by red tape.
NOW THEY CAN MOVE. And they’ve had their eyes on Ripple all along.
Fast. Compliant. Battle-tested.
Banks don’t need to experiment. They know what works.
Repost if you knew #XRP was built for the banks before the banks were even allowed in.
Ripple today said it was partnering with Chipper Cash, a payments provider serving across Africa, to support cross-border payments into the continent using Ripple Payments.
By @shauryamalwa
https://t.co/GF1aKFjn22
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request. All subject to Commission vote, drafting of final documents and usual court processes.
That’s all folks!
Dear Friends, My time on X has come to an END.
I had no idea that when I saw that article about the Ripple lawsuit back on Christmas 2020 (yes, that long ago!), that it was the Christmas gift that would take me to places I never imagined.
Thank you for being on this journey with me and for trusting me through it all. I am only proud that I saw it through to the end and did my best to keep you informed (and hopefully a little entertained).
Now is the time for me to focus on some other things - maybe some new adventure. If you ever need me, come and find me!
I wish all of you the best in life. Find yourself a good woman (if you haven't already) and hold her tight, it's my final advice. :)
"Well, here at last, dear friends, on the shores of the Sea comes the end of our fellowship in Middle-earth. Go in peace!" -Gandalf
🚨NEW: The @SECGov has agreed to drop its appeal against @Ripple, pending approval by the Commission.
But what does this mean for Ripple in relation to Judge Torres' August ruling?
First of all, the Torres ruling still stands.
While the SEC has agreed, in principle, to drop its appeal regarding the programmatic/secondary market sales, Ripple has not agreed to drop its own appeal challenging the $125M fine and the ongoing injunction that prevents it from selling $XRP to institutional investors without registering those sales as securities.
Sources close to the case suggest that the ball is now in Ripple's court, as it is technically considered a plaintiff rather than a defendant. Ripple has the option to continue appealing the fine and injunction, or to drop it.
Whether the SEC will engage in further negotiations surrounding the district court ruling remains to be seen. However, this is the aspect of the case we always knew would require a little more discussion and a little more nuance given the unprecedented circumstances both parties find themselves in amid this rapidly evolving regulatory landscape for digital assets.
However, as far as the SEC is concerned and after more than four years of battling it out in court, the agency is no longer actively pursuing charges against Ripple (pending commission approval of the appeal withdrawal, which is expected.)