As crypto acceptance grows, the Ripple-affiliated XRP cryptocurrency is now accepted as payment at the Belgian restaurant FRIETSHOP Wetteren. According to a message from the Belgian restaurant FRIETSHOP Wetteren's Twitter account, the eatery began accepting XRP as payment for meals on Monday.
The SEC's legal action has delayed XRP adoption.
@MackAttackXRP, a well-known XRP community member, posted the tweet. As a result, XRP adoption continues. CoinDesk revealed this summer that Paraguay's Universidad Americana will take XRP, as well as the two most popular cryptos – Bitcoin and Ethereum – as payment for educational courses and scientific degrees.
The legal complaint filed by the US Securities and Exchange Commission against Ripple Labs, as well as two of its highest-ranking officials – the CEO and co-founder – in December of last year seems to have hindered XRP adoption.
XRP trading was suspended by many crypto exchanges in January as they turned their backs on the cryptocurrency. Coinbase, Binance U.S., Bittrex, and Bitstamp are among these exchanges. The XRP community has been sending out regular tweets to Coinbase, requesting that the currency be restored on the platform, but the token has yet to be reinstated. Brian Armstrong is a Ripple and XRP supporter.
Coinbase CEO and co-founder Brian Armstrong, as previously reported by U.Today, has responded with a series of tweets. He stated his support for Ripple and XRP in the legal battle with the SEC in them. The Securities and Exchange Commission of the United States threatened to sue Coinbase in August over a loan product the crypto exchange was about to introduce.
The new software was designed to allow users to lend their USDC to other users in exchange for interest. The SEC, on the other hand, approached Coinbase and threatened to prosecute the platform, claiming that the new LEND app was an unregistered securities (the same charge lodged at Ripple over XRP).
Following that, Armstrong tweeted that the regulator has permitted a number of other crypto companies to offer identical products, but only threatened to prosecute Coinbase. Coinbase, he claims, is willing to follow any clear regulation or set of guidelines in this area. The SEC, on the other hand, has made no such offer and is dismissing Coinbase's queries about why the new crypto lending tool may be an unregistered security.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.