Ripple is planning a move into Europe, starting with a pair of Irish licenses that will let it 'passport' into the EU, its general counsel said. 💪
Ripple is planning a move into Europe, starting with a pair of Irish licenses that will let it "passport" into the EU, its general counsel said.
International transfers via the traditional SWIFT network can take days to finalize and are very expensive — and only works banker's hours. At the bottom end of the scale, a $200 remittance sent home by a migrant worker can cost $7 to $15 or more depending on where it is going. Ripple denies that XRP is a security. It is the first crypto firm that has challenged in court the SEC's long-held claim that virtually all cryptocurrencies except bitcoin are securities — which greatly limits their utility both as an asset and as a payments currency.The Ripple case has drawn a great deal of interest and support from the crypto community, because it will provide the first court ruling on whether cryptocurrency tokens are securities.
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