Ripple 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.