Altcoins News
By Sydney TheCMO
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Ripple Labs is preparing to go public through an IPO as soon as it winds up the ongoing lawsuit with the Securities and Exchange Commission.
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“The likelihood that Ripple is a public company is very high at some point,” stated Garlinghouse.
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Interestingly, Ripple has been locked in a heated legal battle with the SEC. The lawsuit accuses the company of rolling out an unregistered security offering through XRP, thus…
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Why the company is interested in going public
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Despite its legal standoff, Ripple still believes that going public is one of the best paths for future growth.
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The network allows banks to execute highly affordable and real-time cross-border remittance across multiple countries and the system has already been tested in partnership with…
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Ripple’s IPO might be quite a big deal given that it plans to integrate the traditional banking and remittance industries with blockchain technology which supports the existence…
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What are the implications of going public on the price of XRP?
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An IPO would thus benefit the company considering its main business target is the traditional financial industry. XRP fell from its May highs of more than $1.
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XRP traded at $0.91 at the time of this press but the recent news could potentially encourage more confidence in the cryptocurrency.
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The Ripple CEO confirmed that his company still holds a large amount of XRP tokens while the rest is in circulation.
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Will Ripple’s plan to go public appease the regulatory watchdogs?
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Ripple's current legal battle revolves around the question of whether XRP is a security or a currency.
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