Is XRP poised to become a leading international payment medium, even before the Ripple SEC case reaches a final verdict? Recent developments suggest growing recognition of XRP's utility in global finance.
A key signal of this shift is the continued activity of major XRP holders. XRP whales shuffle over 100M coins amid a new legal maneuver in the Ripple vs SEC case. These large transactions often precede significant market movements or reflect insider knowledge.
Adding fuel to the fire, Ripple and SEC filed stipulation regarding delay in appeal, suggesting the possibility of a resolution sooner rather than later. The long-running Ripple vs SEC battle might finally be wrapping up this year. With settlement talks and a critical SEC meeting this week, the stakes are higher than ever.
Beyond the legal arena, Ripple's technology is already demonstrating its capabilities. Ripple Payments enables near real-time payments settlement, reducing a process that can take at minimum 3–5 days using traditional finance, down to mere seconds. This speed and efficiency offer a compelling alternative to traditional cross-border payment systems.
Furthermore, independent validation from credible financial institutions further solidifies XRP's potential. In a recent report published by the Atlanta Federal Reserve Bank’s Policy Hub, titled “An Introduction to Web3 with Implications for Financial Services,” XRP, the digital asset created by Ripple Labs, receives notable attention. It specifically notes how Ripple utilizes XRP to meet its cross-border settlement requirements. The report also classifies XRP as an “international payment medium. In a recent Federal Reserve Bank Atlanta Policy Hub captioned “An Introduction to Web3 with Implications for Financial Services,” XRP was mentioned as an “international payment.”
Despite the ongoing legal challenges – The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) began on Decem. The SEC accused Ripple’s CEO Brad Garlinghouse of selling unregistered securities – the underlying technology and real-world applications of XRP continue to gain traction. As the Ripple SEC case progresses, the recognition of XRP as a viable and efficient international payment medium strengthens, pointing towards a future where it plays a significant role in global finance.