$xrp 💥

🔥💥Ripple: XRP Makes a Big Announcement

Despite the ongoing legal disputes with the US Securities and Exchange Commission (SEC), #Ripple (#XRP ) has announced that a major announcement will be coming soon. Indeed, Oliver Segovia, Ripple Labs Senior Director and Head of Product Marketing, stated that the company is preparing to launch new product updates in a specific country.

What makes the announcement even more exciting is its target. Segovia specifically stated that these updates will be adjusted to affect customers in the United States. He stated that they will re-enter the Sunday after over three years of minimal activity in the United States.
Will Ripple Announce a New US Product?
Ripple Senior Director Oliver Segovia stated that a big announcement is coming in a new post he posted on LinkedIn. He also noted that the announcement was related to the company's offerings in the Americas. Specifically, he said the firm is "preparing to announce a new product update powered by our money transfer license (MTLS), which covers most of the U.S. states."

This development took place at a time when Ripple already conducts 90% of its business outside the United States. Moreover, Segovia noted that this is the first major Ripple payouts development in the country for 3 years. Conversely, Segovia ended by promoting a fintech gathering at the firm's San Francisco headquarters.
He also noted that Ripple CTO David Schwartz will also be there and the announcement will probably take place. The event is scheduled to take place on February 7, and it is expected that the news will probably be made public from here. Although there is no certainty about what the announcement may be, the fact that it will affect the United States is a big development in itself.

Due to ongoing legal problems in the country, Ripple has mostly stayed away from the United States. Up to this point, this decision has served the firm relatively well.
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