Ripple's Top Exec Drops Major Update on Joint Project with Montenegro

Antony Welfare, the CBDC advisor at Ripple, shared a major update on the ongoing joint project with Montenegro. As was officially announced back in April, the Central Bank of Montenegro and representatives from the crypto company formed a partnership to work on the implementation of a national stablecoin pilot project.

Timeline of Xrp

Californian FinTech firm Ripple has been honored by Fortune Magazine as one of the top workplaces for millennials in 2023. This recognition places Ripple in the spotlight, highlighting its commitment to creating an engaging and inclusive work environment.

XRP has surged to fresh heights in recent weeks, embarking on a powerful price rally. The catalyst behind this remarkable upswing was a legal triumph secured by Ripple Labs against the U.S. Securities and Exchange Commission (SEC) earlier this month.

Ripple and the Republic of Palau have come together for a pilot project involving a U.S. dollar-backed stablecoin. This stablecoin, known as the Palau Stablecoin (PSC) or ‘Kluk,' will be created on the XRP Ledger and initially distributed to government employees.

In a significant development, Ripple Labs' chief legal officer, Stuart Alderoty, stated that Ripple's recent victory over the U.S. Securities and Exchange Commission (SEC) could set the stage for other pending crypto litigations.

In a world where the geopolitical landscape is continuously shifting, cryptocurrencies have carved a niche for themselves. XRP is caught in the whirlwind of geopolitics, SEC lawsuits and the rise of monetary alliances.

Versan Aljarrah, the founder of Black Swan Capitalist and a well-known YouTuber, believes that the real value of XRP transcends these charts. Aljarrah's faith in XRP remains unshaken, even as the cryptocurrency dipped below the $0.7 mark recently. He took to Twitter to express his conviction, stating that XRP's true value lies beyond the charts.

The Landmark Ruling on 13 July 2023 On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A. Larsen, of unlawfully offering and selling securities.

In a significant revelation, major cryptocurrency exchange OKX has released its ninth reserve certificate, with a snapshot dated July 20. The disclosure indicates a staggering total value of user assets amounting to $11.3 billion.

Ripple Chief Legal Officer Stuart Alderoty has heavily criticized US policymakers for their anti-crypto stance and claims that the markets will prove them wrong. Moreover, he believes that the Securities and Exchange Commission (SEC) appeal will amplify Ripple's victory.

After Judge Analisa Torres' landmark ruling in the Ripple vs SEC lawsuit to declare that XRP is not a security, the crypto community to have another big day as the US House Financial Services Committee votes on several bills to regulate digital assets. It will mark another victory for the crypto industry that has pushed