What Is XRP? A Brief History of the Real-Time Gross Settlement System

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What Is XRP? A Brief History of the Real-Time Gross Settlement System

While Ripple has its critics, there exists a passionate ‘army’ of XRP advocates who firmly believe it represents the future of decentralized finance and cross-border settlement. In this Learning and Insights guide, our objective is to walk you through a brief history of Ripple and its native cryptocurrency XRP, examining its roots, purpose, benefits, criticisms, and key players. See more for yourself here.

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July 13, 2023, Ripple Labs scored a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) over the sale of XRP tokens. The ruling by U.S. District judge Analisa Torres allowed some of the SEC’s claims to proceed to trial but dismissed others. However, the SEC is appealing the partial victory that Ripple Labs scored in its legal battle. On August 24, 2023, a judge granted the SEC’s request to appeal the matter.

Source link: https://news.bitcoin.com/what-is-xrp-a-brief-history-of-the-real-time-gross-settlement-system/