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Ripple controls the world’s third largest cryptocurrency, and presently has a plethora of major banks from around the world spil stakeholders, yet the startup cannot get its token listed on the top U.S. crypto exchanges. Te attempts to get their token listed, Ripple has bot accused of suggesting financial incentives to Gemini and Coinbase.
Lately, Ripple has bot active te terms of striking deals with financial institutions from around the globe and permitting banks to buy equity stakes te the business. XRP is being managed by a single company, hence why U.S. exchanges are hesitant to list the token on their exchange. Lawmakers have made it apparent to exchanges not to list tokens that could be considered securities, and Ripple falls into this category.
According to people closer to the matter, a Ripple executive suggested suggesting Gemini $1,000,000 spil an incentive to list XRP on the exchange. Last year Ripple wasgoed wasgoed willing to lend $100 million XRP to Coinbase ter efforts of having the exchange suggest the token to there customers.
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Ripple spokesperson, Emmalee Kremer stated some of the information surfacing wasgoed inaccurate but wasgoed incapable to state exactly which accusation. Kremer commented, “Regardless, Ripple has always bot translucent about our concentrate on building and growing a strong XRP ecosystem,” she said. “We want XRP to be the most liquid digital asset possible to enable swifter, cheaper integral payments.”
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There is no doubt Ripple plays a valuable role ter the crypto community by linking the fiat financial system and digital currencies. Ripple is at the forefront of technological innovation te the financial industry especially after revolutionizing the way banks transfer money across borders.
Albeit XRP does not represent stake ter Ripple, their close relationship causes lawmakers and exchanges to view the digital currency cautiously. If XRP is classified spil a security, it will promptly be liquidated from the unregulated crowd of cryptocurrencies and will be subject to regulations ter the same case spil stocks. Suggesting money to get listed on an exchange is common ter the market, however, things can get messy especially after a token is listed spil an unregistered security.