REMITTANCES NETWORK

I do need to give my credit over to Ripple XRP. XRP is going to be the native token of the crypto payment protocol which is the real-time growth settlement currencies exchange and remittances network. This was first launched back in 2012 by a company name Ripple Labs and the token is best known for its ability to facilitate fast and low-cost cross-border transactions. What makes this network so Unique is the use cases of the XRP legal which is an open source permissionless, decentralized technology that has very low transaction fees of 0.0002 cents per transaction. Combine that with a high-speed transaction processing of 3 to 5 seconds of transaction and its carbon-neutral efficient scalability measures of about 15,000 transactions per second.

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XRP is still rather a strong contender, this is because apart from the technology, Ripple is also known to have a very strong and passionate community that stands behind the projects and team. What is most about this project is actually the fact that their biggest enemy is not the crypto token holder, it is not the developer or other competing altcoins, it is actually the SEC. If the first hear about the SEC or its battle with the SEC, all you need to know is that the SEC filed a lawsuit against Ripple claiming that they sold unregistered securities

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Ripple has denied these allegations claiming that XRP is a currency not security and this legal battle has been going seen late 2020. Although there is no real consensus on whether XRP is considered a security. There is still some pretty good news for the XRP community and that is because there have been some secret documents that will help XRP win its case. The only issue with that is the fact that those documents that need have been the position of the SEC and these documents are from the former SEC director of 2018 he stated and explained why Ethereum is not considered to be a security.

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Ripple believes that having access to these documents will bring this court case to an end just because of how closely related XRP has been to Ethereum but the SEC has been doing everything within their power to keep these documents out of court. The SEC when as far as filing emotion to seal the documents forever, claim they weren't relevant to the court summary decision. While the documents have been sealed, all hope is not lost because if they do get released, with could see a major win for the XRP community and a huge setback for Gary Gensler and SEC. Even with the whole FTX scandal, we have been actually seeing how much involvement SEC had had and it looks like they are not a good Justice focus government entity. We are not even getting more evident just how bad has been. I believe that if we continue to get more set back the reason SEC has acted not in favor of the people for themselves, this could turn out to be in favor of the people, and then we are SEC TRX doing much better than before.