American Banks May Tap XRP for Cross-Border Payments: Ripple CLO

The recent ruling, in which Judge Analisa Torres declared that XRP is not a security, may prove to have more positive undertones for the blockchain payments company, Ripple Labs Inc. Speaking in an interview with CNBC, Stuart Alderoty, the company’s general counsel shared a very optimistic projection as he noted that banks in the United States may soon start using XRP coin for cross-border payments following the lawsuit.