DeFI News by Thebittimes.Com

RippleNet is powering through the global payment network by pushing the adoption of blockchain technology, which XRP is benefiting from. Leading global banks are increasingly using Ripple’s services as it facilitates faster, cheaper, and transparent cross-border transactions. Clearing settlements between financial institutions and businesses has been made easier while incorporating blockchain technology, and XRP remains at the centre of the development. In this article, we will highlight the number of global banks that are using RippleNet for their payment services today. Also Read: XRP to USD Holds Steady as Frankfurt ETF Sparks Fresh XRP News XRP Powering Through: List of Banks Using RippleNet Today Source: Forbes / Getty Images Below is the list of leading global banks that are using RippleNet services today: 1. American Express (USA) 2. SBI Holdings (Japan) 3. Santander (Spain) 4. PNC Bank (USA) 5. Axis Bank (India) 6. Bank of America (USA) 7. Standard Chartered (UK) 8. MUFG B...

Crypto attorney John Deaton has offered insights into the ongoing Securities and Exchange Commission (SEC) vs. Ripple lawsuit, suggesting a favorable outcome for the latter. Deaton has predicted a “99.9% legal victory” for Ripple in its ongoing case versus the SEC. Deaton’s comments were prompted by a post from Ripple Chief Legal Officer Stuart Alderoty, indicating a strong belief that the outcome of the lawsuit weighs heavily in Ripple’s favor. The people who’ve argued that the SEC got a 50-50 victory in the @Ripple case are wrong. It was more like 90-10 in Ripple’s favor. If Ripple ends up paying $20M or less it’s a 99.9% legal victory. https://t.co/Xe6SYBiTCJ — John E Deaton (@JohnEDeaton1) November 4, 2023 Deaton contended that a settlement of $20 million or less would be a significant legal triumph for Ripple, refuting the idea that the lawsuit’s result would be an even 50/50 outcome for the SEC. The lawsuit between SEC and Ripple, initiated in December 2020, accus...