Ripple update: Would Securitization be Good for XRP?
I don’t understand why the general thought is that the SEC ruling XRP to be a security would be a bid thing.
What could be the benefits if it would happen?
Would it not allow big FIs to use XRP in line with regulations?
Ripple always emphsizes that XRP is a “digital ASSET”…
E.g. Wikipedia mentions that bank notes are a security to…
In the United States, a security is a tradable financial asset of any kind. Securities are broadly categorized into:
debt securities (e.g., banknotes, bonds and debentures)
equity securities (e.g., common stocks)
derivatives (e.g., forwards, futures, options, and swaps).
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Don’t forget to share the post if you love it !