- According to Ben Armstrong, wholesale XRP adoption in the U.S. is around the corner.
- Armstrong believes Ripple and the SEC would settle for a fine of around $10 million in the long-lasting court case.
- Ripple’s Head of Product Marketing, W. Oliver Segovia, confirmed there is about to be a significant XRP adoption movement in America.
According to the famous crypto influencer Ben Armstrong, wholesale XRP adoption in the U.S. is around the corner. Armstrong provided details for his conclusion in a recently uploaded video, noting that Ripple and the SEC would settle for a fine of around $10 million in the long-lasting court case.
According to Armstrong, there will be an official panel at the Ripple Labs headquarters in San Francisco, where full details of the anticipated adoption will be made public. The YouTube personality believes XRP adoption would benefit the American payment system, allowing it to work more efficiently.
Armstrong thinks the most benefit for XRP would come with wholesale adoption rather than going mainstream. According to him, despite 90% of Ripple’s business being outside the U.S., especially in the Middle East and North African regions, the SEC case has hampered the project’s growth in the U.S.
Therefore, he believes implementing the anticipated settlement would lead to significant Ripple movements in America. Armstrong cited comments from Ripple’s Head of Product Marketing, W. Oliver Segovia, saying there is about to be a significant XRP adoption movement in America.
To be specific, Segovia said:
After being relatively quiet for the past three years in the U.S. for Ripple Payments, we’re geared up to announce new product updates powered by our money transmitter licenses (MTLs) that cover the majority of US states.
Armstrong noted that Ripple may be getting ready to launch new products in the U.S., owing to their MTL licenses. He referenced a recent meetup hosted at the Ripple headquarters as part of the plans for the firm’s next phase of action. According to him, the meetup is an opportunity for Ripple to explain its plans to the XRP community.
Concerning price, Armstrong thinks XRP is one of the hardest cryptos to predict. He noted that finding a pattern for the crypto token’s price movement is difficult. However, he thinks a massive whale accumulation is ongoing on XRP that could push the blockchain token above $1 in the future. XRP traded for $0.51632 at the time of writing, according to data from TradingView.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
