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XRP v. SEC: Ripple Partner Makes Next Big Step After Officially Joining Case

Thu, 10/13/2022 - 08:33
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Gamza Khanzadaev
I-Remit goes further in Ripple v. SEC case with expanded appeal filed
XRP v. SEC: Ripple Partner Makes Next Big Step After Officially Joining Case
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The last few weeks have been eventful for Ripple, both regarding the company's business and litigation with the U.S. Securities and Exchange Commission. Only yesterday, it became known that the trial judge allowed Ripple's partners to present their opinion in court, and today Filipino I-Remit has officially sent an extended amicus brief.

The fresh version is an updated variant of a sensational brief published by the company in late September. In it, the Filipino payments company explains how it uses Ripple technology like RippleNet and ODL and why XRP is not a security, as the U.S. regulator claims. Of particular interest in the filed amicus brief are I-Remit's statements regarding the SEC's ability to make sense of the cryptocurrency industry.

Commenting on the I-Remit filed brief, the former director of developers at Ripple, Matt Hamilton, says an interesting effect of these statements is that they prove that XRP is actually being used by such companies.

On-Demand Liquidity technology is in high demand

In the meantime, Ripple is continuing to build partnerships around the world. If, earlier, the company mainly worked with Asian payments providers, the latest news is about Europe.

Ripple Expands ODL to France and Sweden via Brand New Partnerships

Ripple signed its first contracts for ODL solutions in France and Sweden. Lemonway, a French provider of payment solutions for online marketplaces, and Xbaht, which carries out cross-border transfers between Sweden and Thailand, became new partners of the crypto company. With the latter country, Ripple also shares many projects focused on the Asian remittance market.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.