VOT Research Desk
The payment juggernaut is prepared to reach a settlement with the US Securities and Exchange Commission, Brad Garlinghouse informed investors (SEC). Ripple wants to know what is happening with the XRP token.
Ripple claims that XRP is a cryptocurrency similar to Ethereum and Bitcoin, despite the regulator’s claims that it is a security.
Brad Garlinghouse feels optimistic about Ripple’s chances of success in the SEC v. Ripple case. The CEO of Ripple made it plain that the company is prepared to settle cross-border payments as long as it has clarity on XRP. The SEC accused the executives of Ripple of making money off the sale of XRP tokens. Ripple has partnerships built up with major banking institutions and is prepared to settle.
The Ripple CEO Brad Garlinghouse and Nick Burrafato had a face-to-face conversation at Ripple Swell 2022 in London, according to a tweet from Nick Burrafato, Director of Member Sales at Linqto. said Burrafato.
He and I first met in Singapore in 2009, and he exudes even more assurance now than he did then. He was clear in saying that they are willing to reach a settlement with the SEC as long as they can obtain XRP clarity.
Apparently, Garlinghouse said,A significant Ripple partner is Bank of America. Bank of America will benefit greatly from the settlement since using ODL and the market will provide them a significant competitive advantage over their rivals.
