Ripple Vs SEC: I-Remit Goes Further With an Expanded Appeal Filed

The post Ripple Vs SEC: I-Remit Goes Further With an Expanded Appeal Filed appeared first on Coinpedia Fintech News

For Ripple, the past several weeks have been exciting in terms of both the company’s operations and legal disputes with the US Securities and Exchange Commission. It was only revealed yesterday that the trial judge had given Ripple’s partners permission to voice their opinions in court, and today, Filipino I-Remit has formally delivered an extensive amicus brief.

#XRPCommunity #SECGov v. #Ripple #XRP I-Remit, Inc. has formally filed its Amicus Brief in Support of the Ripple Defendants’ Motion for Summary Judgment.

— James K. Filan 120k (beware of imposters) (@FilanLaw) October 13, 2022

The new edition is a revised version of a stunning brief that the corporation released in late September. It details how the Filipino payments company employs Ripple technologies, such as RippleNet and ODL, and illustrates why XRP is not a security, contrary to what the American regulator alleges.

The assertions made by I-Remit in its amicus brief about the SEC’s ability to understand the cryptocurrency business are very noteworthy.

Matt Hamilton, a former director of developers at Ripple, addressed the brief filed by I-Remit by noting that the intriguing result of these remarks is that they establish that such organizations are truly using XRP.

On-Demand Liquidity Is Rising 

Ripple is actively expanding its network of global partners. In contrast to the past, the company’s focus was mostly on Asian payment providers, and the most recent developments concern the company’s expansion into Europe.

Interestingly, the first contracts for ODL solutions from Ripple were signed in France and Sweden. The cryptocurrency firm recently added Lemonway, a French provider of payment solutions for online marketplaces, and Xbaht, a company that facilitates international money transactions between Sweden and Thailand, as partners.

Ripple collaborates with the latter nation on a number of projects aimed at expanding the company’s presence in the Asian remittance market.

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