Crypto attorney Fred Rispoli recently urged Elon Musk to include XRP in the payment services of X (formerly Twitter). This suggestion follows the recent conclusion of a lengthy legal battle between San Francisco headquartered fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC).
-----Cryptonews AD----->>>@elonmusk You have a golden opportunity right now to legally say eff you to @secgov after its loss today to @ripple. Announce $XRP will be part of the @XPayments platform. Run it through @X legal, I bet Adam would agree with me.
— Fred Rispoli (@freddyriz) August 8, 2024
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
The lawsuit ended with a partial victory for Ripple, where the court imposed a significantly reduced fine of $125 million instead of the SEC’s original demand of nearly $2 billion.
Rispoli, known for his strong support of XRP Cryptocurrency, highlighted this moment as a “golden opportunity” for Elon Musk to challenge the SEC’s authority by integrating XRP Cryptocurrency into X’s upcoming payment system X Payments.
This XRP coin supporter believes that including XRP would not only boost the cryptocurrency’s legitimacy but also align with Musk’s previous interest in cryptocurrencies like Dogecoin and Bitcoin.
While X Payments is initially expected to support only fiat currencies, there is growing speculation that cryptocurrencies, for example Bitcoin, Ethereum & Dogecoin, might be included later, especially given Musk’s influence and enthusiasm for the sector.
So far, no response has come from Elon Musk or X Payments executives in the public domain. It is also expected that they will not respond, as Musk has already faced significant legal hurdles due to his support of Dogecoin.
XRP price action
The current trading price of XRP is $0.61, which is 3.5% higher over the last 24 hours. Following the court ruling in favour of Ripple, the price of XRP has been bullish for the past 48 hours.
Read also: Brazil Approves First Solana Spot ETF: A Major Milestone for Crypto Sector
Crypto Attorney Urges Elon Musk to Integrate XRP into X Payments Following Ripple’s SEC Win
https://bitcoinik.com/crypto-attorney-urges-elon-musk-to-integrate-xrp-into-x-payments-following-ripples-sec-win/feed/
https://bitcoinik.com/crypto-attorney-urges-elon-musk-to-integrate-xrp-into-x-payments-following-ripples-sec-win/feed/
