Philippines-based global payment service provider I-Remit issued its detailed opinion in favor of Ripple firm.
Ripple is a San Francisco-based crypto firm, which is known to provide cross-border payment services for every kind of business (crypto & non-crypto). Ripple uses its XRP token’s global trade liquidity to process high amount fund transactions. In December 2020, the United States Securities and Exchange Commission (SEC) sued Ripple and claimed that the XRP token is indeed a security and also XRP used in the payment system by Ripple company is not fair, as per securities laws.
On 30 September, Ripple’s important partner I-Remit published its brief statement on Ripple and also urged the US district court to include its statement in the XRP lawsuit before reaching any conclusion.
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