Ripple or XRP as most would know it from it's cryptocurrency symbol has dealt a major blow to the SEC and fought back laws put in place against having crypto progression for over a four year long period and millions of dollars worth in legal bills:
https://en.cryptonomist.ch/2024/08/09/elon-musk-and-ripple-a-new-era-for-xrp-in-digital-paymentsElon has already shown the great significance of the symbol X to his business plans with the change of twitter's name to it but now he can possibly change the entire global payment's system by incorporating yet another X into his platform:
Crypto attorney Fred Rispoli advocates Musk add XRP to it's x payments service from the SEC losing their lawsuit against Brad Garlinghouse's company Ripple earlier last week.
https://x.com/freddyriz/status/1821384923661680802I've always thought Elon Musk was going to buy Ripple to get ahold of XRP for payments within its "X" platform. The guy loves anything with an "X" on it, so why re-invent the wheel making a new cryptocurrency from scratch? I mean if he's seriously interested in crypto/Blockchain tech. If Elon Musk acquires Ripple, Inc, XRP will be going to the moon. I think Mars for that matter.
From what I've learned during all these years in crypto, is that anything's possible. XRP is centralized and has partnerships with many banks worldwide. It could easily become the global payment system endorsed by governments worldwide. If Elon Musk decides to create his very own coin, expect regulators to come up with a fight. They will do the same as they did with Facebook's Libra/Diem project. We'll see what happens in the future.
