.Ripple CLO s_alderoty says XRP may soon be integrated by US banks
In the interview, Alderoty noted that the company will soon start pitching its On-Demand Liquidity service to U.S. banks beginning in the third quarter. The ODL service uses XRP as its native currency, and the service has helped the company carve out a growth path in different countries, particularly the Asia-Pacific region.
The use of XRP as a cryptocurrency for payments in the U.S. was only up for discussion now as the lawsuit by the Securities and Exchange Commission resulted in regulatory uncertainty that pushed many away. The case forced Ripple's long-time partner, Moneygram International, toRight now, Alderoty is confident that the lawsuit will help onboard many new financial players.
He said,"I think we're hopeful that this decision would give financial institution customers or potential customers comfort to at least come in and start having the conversation about what problems they are experiencing in their business, real-world problems in terms of moving value across borders without incurring obscene fees."
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