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Philippines’ I-Remit Files Brief With SEC, Explaining Why It’s So Badly Misunderstanding XRP
I-Remit, a Philippine-based cross-border money transfer company, is a key partner of Ripple. simply Backing crypto firm and XRP in lawsuit initiated by SEC.
#XRP Community #SECGov v. #Ripple #XRP I-Remit, Inc., a global money transfer company that uses RippleNet software, has filed a petition to file a Counsel Brief in support of the Ripple Defendants’ motion for summary judgment. https://t.co/CcolPVqBb1
James K. Filan 115k (beware of impersonation) (@FilanLaw) September 30, 2022
I-Remit’s memo was pretty rough.Among them, while explaining the reason, the company XRP claims that such accusations are the result of a poor understanding of modern digital technology, not security. Additionally, I-Remit responded directly to the SEC, and their actions in this process misunderstood key aspects and principles of cryptocurrencies and blockchains, and attempted to impose regulatory action on areas unrelated to traditional areas. It looks like of operation.
In addition, the company, which has appealed to the court, until recently ripplesaid that as an active user of XRP, he sees the cryptocurrency not as an investment but as a tool for fast and efficient cross-border transfers.
I-Remit cited a deep interest in the results of the process as the reason for the surprise announcement. Founded in 2001, this Philippines-based company uses RippleNet technology and he is one. ripples Asia’s on-demand liquidity corridor in 2018 and beyond.
The two companies recently deepened their partnership when I-Remit was allowed to apply ODL for Treasury payments. The news was welcomed by former Ripple board member and current CEO of SBI Holding. Yoshitaka Kitao You can also share on social media.
