Good news from the XRP community after the Ripple lawsuit!
In the last days of 2020, Ripple was shocked by the lawsuit filed by the US Securities and Exchange Commission (SEC), and prices dropped to 20 cents.. However, Ripple rose from its ashes after this process.
Good news from the XRP environment after the Ripple case!
After the SEC case, especially the US-based Coinbase exchange Many crypto exchanges, including Ripple, have announced that they are delisting.. With the effect of all these negative developments, XRP prices regressed to the 20 cent band.. However, XRP rose from the ashes and went up to $1.96.. Still, this level can be seen as a pretty good price when compared to 20 cents.
In the chart below, we see the change in XRP prices in this process.
Ripple’s CEO ‘su Brad Garlinghouse made important statements about the process in an important media organ. Garlinghouse implied that they were prepared for the worst, in a way, by stating that the world is not just the USA.. Predictably, the worst-case scenario would be for Ripple to lose the case and the court to decide that XRP is a security.. In this case, Ripple will face serious fines.
Please See: The US stance on Bitcoin regulations becomes clear! So what’s in it?
However, Brad Garlinghouse stated that they have developed business partnerships with 20 companies since the trial began.. Despite the court process, Ripple’s foreign partners seem to be quite hopeful of XRP technology and are developing partnerships with Ripple despite the SEC. According to Garlinghouse’s statements, 90% of businesses that have signed deals with Ripple are from outside the US.
Ripple has recently established business connections with Trengo and Azimo.. Business connections are based on staking.
Garlinghouse thinks that the trend in blockchain in the future will focus on Central Bank Digital Currencies (CBDCs).. In this regard, Ripple focuses on this area. In the future, perhaps we will witness that Ripple provides technical support to some countries on CBDC.
Source