Blockchain technology firm Ripple has become the official partner of the Georgian central bank digital currency (CBDC) project. Kuwait’s Ministry of Finance has partnered with Ripple for instant cross-border service. The Ministry of Finance describes the Blockchain company as a world-class company. Amid these developments, the famous lawyer says SEC victory is almost certain.
National Bank of Georgia’s choice was Ripple
Ripple’s CBDC Strategic Advisor Antony Welfare announced this development in a recent post. He pointed out the official notification from the National Bank of Georgia (NBG), the country’s top bank. The statement included the following statements:
Ripple, one of the world’s leading technology companies, became the Technology Partner of National Bank of Georgia’s Digital GEL Pilot Project.
The National Bank of Georgia stated that its decision to choose Ripple followed intensely controversial stages in the selection processes. Specifically, candidates shortlisted in the first stage submitted a Project Execution Plan (PEP). After this, the second stage included the demonstration of technology solutions. The report also stated that the review committee consisted of internal and external experts from the National Bank of Georgia. Ultimately, the National Bank of Georgia selected Ripple as the technology partner for its CBDC pilot two. Ripple competed with eight other technology companies to become an NBG technology partner. These include AUGENTIC GmbH, Bitt Inc., Broxus Holdings, Currency Network, DCM Corp, eCurrency Mint Inc., FARI Solutions and Sovereign Wallet Co. It is located.
Kuwait Ministry of Finance chose Ripple and praised it!
cryptokoin.comAs you follow from , Tareq Al-Ajeel, director of digital transformation at Kuwait Finance House (KFH), recently shed light on the bank’s achievements in the field of virtual banking. He also noted Ripple’s role in furthering this movement. Answering questions during a conference, Al-Ajeel explained the current strategic partnership with Ripple. He specifically identified Ripple as one of the world-class companies they are working with to launch instant cross-border payment services.
It was noteworthy that Al-Ajeel made these statements in a panel session at the Breaking Barriers conference held in Kuwait. Kuwait Times also included this development in a recent news report. According to the news, the KFH manager stated that KFH’s online application was successful. He noted that the application was appreciated for its efficiency and ease of use and proved to be an innovative financial solution.
XRP lawyer sees 99.9% chance of winning in SEC lawsuit
XRP holders’ lawyer and CryptoLaw founder John Deaton outlined a scenario that would lead to a 99.9% win for Ripple in the SEC case. In a post, Deaton says that claims that the SEC has a 50-50 chance of victory in the Ripple case are false. He states that the result is more like 90-10 in favor of Ripple. He also notes that if Ripple pays $20 million or less in fines, it would mean a 99.9% legal victory.
Deaton said this in response to Ripple general counsel Stuart Alderoty’s post highlighting the SEC’s loss in the Govil case. The 2nd Circuit ruled that the SEC could not seek damages without finding that “investors” suffered actual financial harm. Lawyer and XRP enthusiast Jeremy Hogan notes that the Ripple SEC case is currently in the “damages” phase. For this reason, he draws attention to the importance of this argument. Hogan says this means that XRP holders must have suffered losses for Ripple to be liable.
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