Outside the U.S., Ripple has “been able to continue to grow the business in Asia and Japan because we’ve had regulatory clarity in those markets,” Garlinghouse added. “We’re seeing the activity of XRP liquidity has grown outside the United States and continue to grow in Asia, certainly in Japan.”
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Ripple downplays seriousness of Coinbase XRP delisting
Promising to aggressively fight off the SEC, Ripple argued that because most XRP is traded outside the U.S., exchange suspensions won’t impact it too seriously
A day after leading U.S. cryptocurrency exchange Coinbase announced it will suspend trading in XRP following a Securities and Exchange Commission lawsuit against Ripple, the international payments firm downplayed the importance of the leading U.S. cryptocurrency exchange’s action.
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Ripple launches XRP loans for customers
Ripple’s new “Line of Credit” tool helps firms put working capital to use in multiple markets without arranging credit everywhere
Ripple explains that many financial technology firms and small and medium enterprises do not have the capital and resources that are needed to grow in several markets—an issue the service is trying to solve. Right now, companies in such situations are forced to create credit arrangements for each partner in each destination market, and every arrangement adds overhead and management costs.
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Ripple CEO Brad Garlinghouse says he is more interested in XRP's liquidity than in its price (Photo: Ripple)What’s up with Ripple?
The international financial transactions business has been up and running for years, yet it still gets a lot of flak for its influence over the third-largest cryptocurrency, XRP
Ripple has the distinction of being one of the largest companies in the cryptocurrency and blockchain business that is up and running and working with hundreds of customers, including a couple of major banks. Yet for all those achievements, it is among the most controversial companies in DeFi, with a host of critics.
