Ripple continues to thrive outside the US despite SEC hurting its business domestically
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Answer Ripple continues to thrive outside the US despite SEC hurting its business domestically
Fox Business’ Charles Gasparino tweeted and shared information from sources close to Ripple’s top executives.
According to him, only Ripple’s business in the United States has been affected by the current legal action brought against it by the US Securities and Exchange Commission.
Outside the US, according to the same source, Ripple’s blockchain business continues to thrive.
Recently, Ripple established another ODL corridor from Japan to the Philippines.
In addition, the company continues to expand the “RippleNet” network, and one of the recently added companies to this service is “Paydek” based in the United Kingdom.
Paydek intends to use Ripple’s ODL technology to expand its business in Africa and Latin America, arranging smooth, cheap and fast transfers and payments for workers and freelancers on demand.
Read:BUX Completes Acquisition of Blockport After Declaring Bankruptcy
Earlier, Charles Gasparino tweeted that Ripple has no intention of settling the lawsuit with the SEC, but plans to win against the regulator.
Fraction: close to @ripple says while the Tweet embed The case that overtaking XRP has hurt their local currencies, and their offshore business is booming, which is further proof that Tweet embed The crypto enforcement agenda is forcing innovation outside the United States. story development
– Charles Gasparino (@CGasparino) September 18, 2021
He told Gasparino that the SEC’s agenda against crypto companies – for information the SEC recently threatened to sue Coinbase over the upcoming launch of its lending product – continues and that Ripple’s success outside the US proves that the SEC US securities and exchanges are forcing innovation to move outside the United States.
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