Before the lawsuit was filed in late 2020, crypto whale claimed that XRP and Ripple are working more than any other crypto project in the ecosystem to secure widespread adoption of cryptocurrencies by working toward regulatory clarity. He said in a tweet, The only project in the entire market that is pushing for crypto regulations is XRP. They know that once these regulations are added, it will completely annihilate almost every other altcoin, and make XRP's demand skyrocket.
Despite the fact that many criticize XRP as a centralized crypto project, CryptoWhale claimed that Ripple has been secretly engaging with government bodies to ensure crypto compliance. Governments want and appreciate XRP transparency, according to the analyst. While Ripple is pushing hard for crypto laws, other projects are more focused on getting investors out of scams as quickly as possible, according to CryptoWhale, who predicted that once regulations are clear, XRP demand will surge. Most other altcoins, on the other hand, would be wiped out.
After that, what came to your mind? If I’m not wrong then you might also be thinking about what John Deaton said. If Ripple wins the lawsuit, only XRP will be safe. Also, if Ripple wins, which most of the experts think it will, XRP will be the only fully regulated cryptocurrency and this is going to be really huge for the digital coin.
Now, in all that, Ripple and XRP partnerships with different public and private organizations is really helping. Be it the IMF’s SDRs or a bridge currency for CBDCs, XRP is really into the game. Among any partnership or association, Ripple joining the ISO 2022 is really important and it is about to go live. This partnership is without any speculation and even Crypto Whale sees this as a great opportunity for Ripple to flourish in the payment industry.
#XRP #Ripple
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