Ripple’s Worldwide Expansion Soars as SEC Drops Charges Against Executives

"Ripple Revolutionizes International Payments with Expanded Global Payout Coverage and Strategic Partnership"

Ripple, the global payment network, has announced that its international payment system now offers customers access to almost complete global payout coverage in over 70 markets. This expansion is part of Ripple’s strategy to broaden its reach and provide enhanced liquidity options. To achieve this, Ripple has partnered with XRP Ledger’s decentralized exchange.

Moreover, Ripple is not only focusing on geographical expansion but also on refining its payment technology to make the transfer of value as seamless as the flow of information. The upcoming Ripple Payments solution aims to offer a comprehensive solution for financial institutions (FIs) and small and medium enterprises (SMEs) in more than 70 payout markets.

Onafriq, a digital platform that focuses on Africa’s growth, plans to leverage Ripple Payments to establish three new payment corridors that will connect Africa globally. This partnership will facilitate smoother cross-border transactions and contribute to the growth of Africa’s digital economy.

In other news, Ripple has achieved a significant legal victory in the ongoing lawsuit filed by the Securities and Exchange Commission (SEC). The SEC’s appeal has been denied, and charges against Ripple executives Brad Garlinghouse and Chris Larsen have been dropped. This outcome is a major milestone for Ripple as it continues to expand its operations globally.

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Martin Reid

Martin Reid

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