{"id":70624,"date":"2024-02-03T05:40:25","date_gmt":"2024-02-03T09:40:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=70624"},"modified":"2024-02-03T05:40:27","modified_gmt":"2024-02-03T09:40:27","slug":"ripple-payments-targets-u-s-market-with-major-upgrades","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ripple-payments-targets-u-s-market-with-major-upgrades\/","title":{"rendered":"Ripple Payments Targets U.S. Market With Major Upgrades"},"content":{"rendered":"\n

After a three-year hiatus caused by a legal dilemma, Ripple Payments<\/a> is poised to storm the U.S. market with significant product revamps.<\/p>\n\n\n\n

\"Ripple
Ripple Payments Targets U.S. Market With Major Upgrades<\/figcaption><\/figure>\n\n\n\n

Ripple Payments is scheduled to launch in the United States following a three-year absence from the region. Because of its ongoing legal dispute with the Securities and Exchange Commission (SEC), the organization conducts most of its operations outside the United States. However, a recent update indicates that Ripple Payments intends to release solutions specifically for the United States.<\/p>\n\n\n\n

Ripple Payments to launch New Products<\/h2>\n\n\n\n

Ripple has decided to end its three-year seclusion in the United States. W. Oliver Segovia, Head of Product Marketing at Ripple, stated in a LinkedIn post that the company is preparing to introduce several product updates. Implemented in most U.S. states, these enhancements would be supported by their extensive money transmitter licenses (MTLs).<\/p>\n\n\n\n

Even though 90% of Ripple's business is flourishing internationally, this audacious endeavor signifies Ripple Payments' significant return to the United States market. In addition, this endeavor occurs in the midst of SEC legal scrutiny and the recent XRP breach, factors that bolster the announcement's credibility.<\/p>\n\n\n\n

At one time, Ripple considered conducting its initial public offering (IPO) \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>outside the United States and attributed its decision to the ‘hostile' regulators. They further stated that they have no plans to go public in the United States in the near future. <\/p>\n\n\n\n

Moreover, they transferred operations to other countries a few years ago and even pledged to conduct 80% of hiring outside the United States. Thus, the introduction of Ripple Payments in the region would represent a significant recovery for the cryptocurrency company.<\/p>\n\n\n\n

Legal Conflict And XRP Hack<\/h3>\n\n\n\n

The Ripple vs. SEC legal dispute resolution appears distant, given that both parties have consistently issued contradictory statements. The organization filed correspondence with District Magistrate Judge Sarah Netburn <\/use><\/svg><\/span><\/a>on January 25th, seeking to correct factual errors present in the SEC's reply to its motion to compel.<\/p>\n\n\n\n

Ripple emphasized the necessity of a sur-reply in the event of a nuanced court decision. Furthermore, the firm challenged the SEC's claim that it does not bear the burden of proof when submitting contracts after a complaint. <\/p>\n\n\n\n

Furthermore, the cryptocurrency company emphasized that the SEC's request was “excessively onerous,” asserting that it would require an additional trial.<\/p>\n\n\n\n

Conversely, reports emerged this week regarding a significant breach at Ripple. Concerning XRP tokens, allegations suggested a $112.5 million loss due to a compromised wallet associated with the IP address “rJNLz3\u2026.ojm.” The event precipitated a 4% decline in the value of XRP. <\/p>\n\n\n\n

Rapidly responding to the allegations, Ripple CEO Brad Garlinghouse rebutted them, stating unequivocally that no wallets were compromised on the platform. <\/p>\n\n\n\n

Garlinghouse sought to clarify the organization's security stance and resolve community concerns. Following this, it was revealed that the compromised accounts were associated with Chris Larsen, a co-founder of Ripple. To aid the ongoing investigation, Binance subsequently halted $4.2 million of stolen XRP tokens in the exploiter's account.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a three-year hiatus caused by a legal dilemma, Ripple Payments is poised to storm the U.S. market with significant product revamps. Ripple Payments is scheduled to launch in the United States following a three-year absence from the region. Because of its ongoing legal dispute with the Securities and Exchange Commission (SEC), the organization conducts […]<\/p>\n","protected":false},"author":53,"featured_media":54561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[18274,5249,146],"class_list":["post-70624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripples-news","tag-ripples-hack","tag-ripple-news","tag-xrp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/village.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/70624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=70624"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/70624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/54561"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=70624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=70624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=70624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}