Not all is over for #Ripple, with which the largest US regulators have declared war and sued. #Ripple CEO #Brad #Garlinghouse did not lose hope, although the price of XRP fell sharply after the #lawsuit against Ripple. Garlinghouse announced that Ripple continues to sign partnerships with new customers.
➡️Did the Ripple Lawsuit Change Things?
Against the $ 1.3 billion lawsuit against Ripple and the risk of XRP being declared a security, Garlinghouse's announcement of a new partnership could certainly raise investors' hopes.
According to information published by Ripple, 15 new partnerships were signed after the SEC case was announced. Ripple emphasized that millions of transactions were made through RippleNet during 2020, and the volume of its On-Demand-Liquidity product increased 12 times.
➡️Meaningful Message from Ripple's CEO
The Ripple CEO actually gave a message to the regulator and investors in the USA with this statement. Although it was the financial regulator of the United States that opened the case, Ripple has always reached record volume in Asia Pacific and other regions. In other words, even if XRP is declared a security, Garlinghouse stated that it will not affect the business much, and that they will continue with the partnerships.
Stating that the partnerships that Ripple signed in 2020 increased by 80%, Garlinghouse emphasized that even the SEC case could not stop this and that there were new agreements in 2021.
Ripple's CEO also drew attention to the important names that have recently joined the team. Important names from giant companies such as #Amazon, #IBM, #PayPal, #Tesla and #Twitter have joined the Ripple management and will continue to participate, according to the CEO's statements.