Ripple (XRP) could transform the digital payments sector if Elon Musk decided to integrate it into his X Payments platform, pushing the value and adoption of XRP to new levels.
What is happening? Let’s see all the details in this article.
Elon Musk invited to integrate Ripple (XRP) into X Payments
Ripple (XRP) is making headlines in the world of cryptocurrencies with a bold proposal: convincing Elon Musk to include XRP in his payment platform, X Payments.
This could represent a turning point in the way the world perceives and uses XRP. Lawyer Fred Rispoli recently urged Musk on Twitter, writing:
“Now you have the opportunity to challenge the SEC legally by adding XRP to X Payments. I bet your legal team would agree.”
This suggestion comes after the legal victory of Ripple against the SEC, a ruling that many consider crucial for the future of XRP.
The integration of XRP into the X Payments platform by Musk could mark a significant change.
XRP has the potential to make cross-border money transfers more rapid and economical, solving key problems in the cryptocurrency sector.
This move could not only improve the efficiency of digital payments, but it could also consolidate XRP’s position as a leader in the cryptocurrency market.
Price rising after legal victory
The recent court victory of Ripple has pushed the price of XRP to $0.66, the highest in the last four months. The court’s decision that XRP is not a security has provided greater regulatory clarity, helping to strengthen investor confidence.
A trader known as Doctor Profit has expressed optimism about XRP, tweeting:
“XRP is an excellent long-term choice. I will show you where it is going.”
The tweet included a chart suggesting a further increase in the value of XRP, a sign that investors are confident in the future of the criptovaluta.
All eyes are on Elon Musk to see if he will decide to use XRP on X Payments, a decision that could mark a fundamental chapter in the history of cryptocurrencies and digital payments.
Ripple sentenced to pay $125 million: a strategic victory against the SEC
On Wednesday, a New York court ruled that Ripple must pay a fine of 125 million dollars following its legal battle with the Securities and Exchange Commission (SEC).
This fine, although significant, is significantly lower than the 2 billion dollars initially requested by the SEC, representing a partial victory for Ripple.
The decision, issued by United States District Judge Analisa Torres, establishes that Ripple violated securities regulations in 1,278 transactions, according to the legal documents filed.
This legal dispute began in 2020, when the SEC accused Ripple of selling unregistered securities in the form of XRP, the cryptocurrency linked to the company.
Despite the long legal battle, Ripple has already achieved a preliminary victory in 2022, when a judge ruled that the scheduled sales of XRP to retail investors do not constitute securities.
However, the judge also recognized that 728 million dollars in contracts for institutional sales represented a sale of unregistered securities.
This ruling has shaken the entire cryptocurrency sector, as many believed that the SEC was unfairly cracking down on the digital asset sector.
The reaction of investors was immediate: the price of XRP increased by 18% following the news of the ruling, with XRP becoming the only major cryptocurrency on the rise for the day.
The CEO of Ripple, Brad Garlinghouse, celebrated the decision on Twitter (X), calling it “a victory for Ripple, the industry, and the rule of law,” emphasizing how this ruling has dispelled the legal threats that were looming over the XRP community.
