An extremely important article for the currency $XRP 🔥♥
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Why should you store currency $XRP and make it part of your wallet's funds? 🔥♥
XRP currency and Ripple project
What is the XRP currency?
XRP is a digital currency developed by Ripple Labs aimed at facilitating international financial transfers quickly and at a low cost. The currency relies on the XRP Ledger technology, which is a decentralized blockchain network that allows transactions to be processed within seconds and at the lowest possible fees compared to traditional banking systems.
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The legal case with the SEC
Background of the case:
In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, claiming that the company raised over $1.3 billion by selling XRP without registering it as securities.
Details of the case and developments:
- Ripple argued that XRP is not a security but a digital currency like Bitcoin and Ethereum.
- The case lasted for several years, affecting the price of XRP and causing some platforms to remove it from trading.
- In July 2023, the court ruled that XRP is not a security when sold to retail investors, but it may be a security when sold to institutions.
- In October 2023, the SEC dropped some charges against Ripple, which was considered a major victory for the company.
- In March 2025, the case was settled with a fine of $50 million (less than the original fine of $125 million).
Case results:
- Ripple achieved a significant legal victory, giving it greater legitimacy in the cryptocurrency market.
- XRP returned to trading on many platforms that had suspended it due to the case.
- Demand for XRP increased after the ruling, and its price rose due to increased investor confidence.
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Why is the XRP project strong and promising?
1. Transfer speed:
- Processing transactions in just 3-5 seconds.
- Much faster than Bitcoin (10-60 minutes) or traditional bank transfers (1-3 days).
2. Low cost:
- Transfer fees using XRP are less than $0.0002, making it an ideal option for cross-border transfers.
3. Widespread adoption by financial institutions:
- Ripple has partnerships with over 300 banks and financial institutions, including Santander and American Express.
- Some banks use RippleNet technology to speed up international transfers.
4. Legal clarity after the case:
- After the settlement, Ripple became more legally secure, opening the door for more partnerships and the adoption of XRP in banking systems.
5. A strong alternative to the SWIFT system:
- Ripple offers a faster and cheaper solution than the traditional SWIFT system used in global bank transfers.
6. No need for mining:
- XRP does not rely on mining like Bitcoin, making it more energy-efficient.
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Future of XRP after the case
- With the removal of legal obstacles, XRP is expected to be adopted more widely in financial institutions.
- The price of the currency can rise as its usage in cross-border payments increases.
- Ripple is preparing to expand further into global markets, especially with its plans to enter the decentralized finance (DeFi) sector.
In short, XRP has a strong foundation that makes it one of the promising digital currencies, especially after its legal victory against the SEC.
The currency is excellent according to all experts and investors, and we see a bright future for it 🔥🔥
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