Ripple is a better platform for central bank digital currencies than Ethereum or Bitcoin, according to a new report from CPA Australia, a large accounting industry association. It said that Ripple and the XRP token that underpins it “enjoy the trust of many banks as a model for CBDCs because it is highly centralized and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralized and permissionless Bitcoin and Ether.”
Despite SEC lawsuit, Ripple thriving in Asia Pacific: Brad Garlinghouse
Ripple’s CEO says the company has signed up 15 new clients since the U.S. Securities and Exchange Commission sued it for illegal securities sales
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.”
Citing SEC suit MoneyGram suspends use of Ripple ODL
The money transfer company is a high-profile user of Ripple’s international payments network as well as its XRP-based On-Demand Liquidity product
In it’s Q4 and full year financial results released today MoneyGram International revealed that it has suspended trading in XRP due to uncertainty over the Securities and Exchange Commission’s lawsuit. The agency has said XRP is an unregistered security illegally sold by Ripple over the past eight years.
Ripple angling to settle SEC lawsuit?
Charged with selling XRP as an illegally unregistered security, the international payments firm has been pugnacious but said it was open to settling in a filing released Monday
Previous discussions took place under former SEC chair Jay Cayton and his top lieutenants, whereas the new acting SEC chairman, Gary Gensler, has a more positive outlook, as well as a much deeper understanding of cryptocurrencies and the underlying blockchain technology. Gensler spent the last few years teaching cryptocurrency and blockchain at MIT, and has been a fixture at industry events.