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News

Ripple Expands To The UK And EU As Modulr Secures a New Deal

June 12, 2022 - Around 3 mins mins to read

RippleNet continues to grow, according to Sendi Young, MD of RippleNet Europe, as cross-border payments enabled by XRP and Modulr arrive in the UK and Europe. Remessa Online, a Brazilian fintech startup, has chosen Modulr to speed cross-border payments across the United Kingdom and Europe.

Ripple Expands To The UK And EU s Modulr Secures a New Deal
Ripple Expands To The UK And EU s Modulr Secures a New Deal

Modulr also just launched its real-time Euro payments service, which is based on the real-time pan-European SEPA Instant mechanism and provides significant competitive benefits to European businesses.

XRP, a blockchain and cryptocurrency company, partnered with British firm Modulr in February to enable “seamless” payments into the United Kingdom and Europe from anywhere in the world.

Despite the current SEC litigation, Sendi Young told CNBC’s Squawk Box that the company’s recent 18 months had been the best in its history.

Updates on the SEC complaint against Ripple

Ripple Expands To The UK And EU s Modulr Secures a New Deal
Ripple Expands To The UK And EU s Modulr Secures a New Deal

Judge Torres refused the SEC’s desire to seal the entire responses to the amius request to participate in the Daubert challenge, giving XRP a modest advantage in the ongoing battle.

The XRP defendants have now responded to the amicus curiae request to join the Daubert challenge.

Ripple has written a letter requesting that its whole response be made public, despite the fact that it is currently under seal. The SEC and defendants’ records will be kept secret until District Judge Torres decides what should and shouldn’t be made public.

In May, CryptoLaw founder John Deaton asked the court to file an amicus brief in a Daubert dispute involving the view of expert SEC witness Patrick Doody, who claimed to know what drove XRP investors to buy the cryptocurrency.

In another development, the SEC has filed a letter with the court seeking that a portion of Exhibit A to the Ripple defendants’ newest filing challenging the inadequacy of the SEC’s replies to the Fourth Set of Requests for Admission, to which Ripple has not objected, be sealed.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Ripple Expands To The UK And EU As Modulr Secures a New Deal

RippleNet continues to grow, according to Sendi Young, MD of RippleNet Europe, as cross-border payments enabled by XRP and Modulr arrive in the UK and Europe. Remessa Online, a Brazilian fintech startup, has chosen Modulr to speed cross-border payments across the United Kingdom and Europe.

Ripple Expands To The UK And EU s Modulr Secures a New Deal
Ripple Expands To The UK And EU s Modulr Secures a New Deal

Modulr also just launched its real-time Euro payments service, which is based on the real-time pan-European SEPA Instant mechanism and provides significant competitive benefits to European businesses.

XRP, a blockchain and cryptocurrency company, partnered with British firm Modulr in February to enable “seamless” payments into the United Kingdom and Europe from anywhere in the world.

Despite the current SEC litigation, Sendi Young told CNBC’s Squawk Box that the company’s recent 18 months had been the best in its history.

Updates on the SEC complaint against Ripple

Ripple Expands To The UK And EU s Modulr Secures a New Deal
Ripple Expands To The UK And EU s Modulr Secures a New Deal

Judge Torres refused the SEC’s desire to seal the entire responses to the amius request to participate in the Daubert challenge, giving XRP a modest advantage in the ongoing battle.

The XRP defendants have now responded to the amicus curiae request to join the Daubert challenge.

Ripple has written a letter requesting that its whole response be made public, despite the fact that it is currently under seal. The SEC and defendants’ records will be kept secret until District Judge Torres decides what should and shouldn’t be made public.

In May, CryptoLaw founder John Deaton asked the court to file an amicus brief in a Daubert dispute involving the view of expert SEC witness Patrick Doody, who claimed to know what drove XRP investors to buy the cryptocurrency.

In another development, the SEC has filed a letter with the court seeking that a portion of Exhibit A to the Ripple defendants’ newest filing challenging the inadequacy of the SEC’s replies to the Fourth Set of Requests for Admission, to which Ripple has not objected, be sealed.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News