Brazil’s Ramessa Online Uses Ripple’s xCurrent But Awaits Full Regulations Before XRP Integration

Ramessa Online, a company located in Sao Paulo, announced that they are waiting for XRP to be regulated before starting to use the digital asset. Remessa Online is also a partner of Ripple. The San Francisco-based company is offering services to financial institutions all over the world trying to make cross-border transactions faster and easier.

At the same time, Ripple launched the xRapid product that allows companies to source liquidity on-demand using the XRP digital asset. Back in 2016, Ripple launched xCurrent, one of the main solutions for financial and banking institutions around the world.

The decision that was taken by Ramessa Online shows that there are still some uncertainties regarding how regulatory agencies are going to control the market, specifically Ripple and XRP. The U.S. Securities and Exchange Commission (SEC) could eventually classify XRP as security and crack down on coin holders. This is something that would be very negative for the virtual currency and the crypto market as a whole.

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