Analysis Platform Noted That Ripple Could Succeed Despite The SEC’s Battle
Fortune, a leading business and finance publication, recently published an article suggesting that Ripple and its cryptocurrency XRP could still succeed regardless of the outcome of the ongoing legal case with the US Securities and Exchange Commission (SEC).
The article cited several factors that could contribute to Ripple’s success, including the growing adoption of blockchain technology, the increasing popularity of cryptocurrencies, and Ripple’s strong partnerships with major financial institutions.
Read Also: The Most-Anticipated Shiba Inu’s Shibarium Documentation Goes Live
Furthermore, the article highlighted Ripple’s recent announcement of a new on-demand liquidity service, which could make it easier for financial institutions to transfer funds globally using XRP.
Ripple Could Succeed Amidst Of battle
For Instance, for the topic “Ripple and XRP may finally be for real,” Roberts reveals that he has always been sceptical of the value proposition of the cryptocurrency until he met with Ripple President Monica Long this week. Notably, the “Kings of Crypto: Coinbase and the Next Generation Finance” author now believes Ripple and XRP have found their niche with Ripple’s On-Demand Liquidity (ODL) product.
“All of this is to say that Ripple, more than ever before, has figured out a long-term value proposition for both the company and XRP—and that it may be poised to succeed regardless of how its big court case turns out,” Roberts surmised.
Read Also: How To Choose The Right Crypto Wallet: Total Guide
While the SEC’s case against Ripple has caused some uncertainty for the company and its investors, the article suggests that Ripple’s success is not entirely dependent on the outcome of the legal battle.
Despite the ongoing case, XRP has seen significant price gains in recent months, with its value surging by over 300% since November 2020.
Follow us on Twitter, Facebook, Telegram, and Google News
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
