Skip to main content

Ripple: Loyal fan base campaigns for XRP rehabilitation


 

A social media campaign by the XRP Army aims to motivate the crypto exchanges to resume trading in XRP. Many had canceled their Ripple offer in the face of the SEC lawsuit. There is already a first resumption.

In the course of the legal dispute between Ripple and the SEC, a large number of crypto exchanges suspended trading in XRP. Nevertheless, the price has recently increased significantly, while the prices of other cryptocurrencies tended to turn down. One reason for this could be a campaign that loyal Ripple fans started under the hashtag #RelistXRP. The aim is to ensure that trading with XRP is possible again. The fan base is also called “XRP Army” by the scene. She feels that it is unfair that the exchanges have removed Ripple (XRP) from their ranges due to the legal tussle with the SEC.


In her opinion, the ongoing legal process should not affect trading in digital asset. Even if it is not a crypto exchange, the loss of business partner MoneyGram Ripple certainly hurt one of the most. The hope of a resumption of business relations is still there if the dispute with the SEC turns for the better.

Ripple recently advertised itself and touted its network as the ideal solution for the cross-border use of CBDCs. It is argued that Ripple's network is playing a critical role in changing the dynamics of cross-border payments.

SBI Holdings is loyal to Ripple

Ripple CEO Brad Garlinghouse is always calm in the face of the legal dispute. He recently stated that the legal proceedings would have no impact on business with business partners in Asia. Ripple partners in Asia like SBI Holdings have retained their support despite the difficult legal battle . 

In Japan, XRP continues to be traded on crypto exchanges, where it is explicitly registered as “cryptocurrency assets” rather than “securities”. The dispute with the US Securities and Exchange Commission is precisely about this controversial point. The latter had recently exacerbated their lawsuit, claiming that Garlinghouse and co-founder Larsen generated $ 159 million and $ 450 million in revenue from their XRP sales, respectively, after the lawsuit was filed.

The RelistXRP initiative has already reported its first success on Twitter. As a screenshot shows, the Swiss crypto exchange Lyyke is the first to resume trading with XRP. Registered users received an email announcing this step. Now the community is waiting for more trading venues to emulate lykke.

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

El Salvador: Bitcoin bonds are a long time coming

  El Salvador's finance minister believes Bitcoin's continued price volatility means Bitcoin bonds aren't coming anytime soon. Meanwhile, the country faces a human rights crisis. El Salvador Finance Minister Alejandro Zelaya said the country will further delay the launch of its expected billion-USD bitcoin bond, citing price volatility and uncertain market conditions resulting from the ongoing Russo-Ukrainian war. The news comes at a time when Amnesty International is accusing the Salvadoran authorities of flagrant human rights abuses and criminalizing those living in poverty. In an interview on local news show Frente a Frente, Zelaya was asked if the situation had changed with the planned bitcoin bond. “No, not yet, the [Bitcoin] price continues to be disrupted by the war in Ukraine,” He added that fluctuations are constant in the short term, but always appreciate in value over the long term. “There is a future and an economic innovation [in bitcoin] that we must bet on.” ...
Post a Comment
Read more