Priya PatelRipple Labs is set to resume its Ripple Payments services in the US, as it seeks to expand its presence in the fintech sector. The company suffered setbacks due to a regulatory lawsuit brought against it by the Securities and Exchange Commission (SEC). However, following a recent court ruling that XRP is not an investment contract, Ripple is now moving forward with its plans. The Ripple Payments service utilizes XRP as a connecting currency, offering faster and cheaper transactions compared to traditional methods. The company aims to leverage its money transmitter licenses (MTLs) to launch new products in various markets.
Ripple rules Fintech with its XRP payment prowess.
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