Krutika Adani
The SEC and Ripple have agreed to withdraw cases against each other and settle on a $50 million fine as opposed to $125 million.
Ripple’s XRPL blockchain now sees applications in banking, remittance, RWA, and many other financial sectors.
The SEC has proposed to use XRPL for the internal transactions of the US Government, potentially saving up to $7.5 billion a year.
XRPL is primarily positioned as a financial blockchain with the ability to make financial transactions, faster, more cost-efficient, and more transparent, which is why it is seeing adoption from MoneyGram, SBI Holdings, and Banco Santander.