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Singaporean fintech firm Nium leverages Ripple’s blockchain know-how
Ripple customer Nium is in talks to make an acquisition valued at over $400 million to drive additional growth in Europe, CEO and co-founder Prajit Nanu lately acknowledged.
Singaporean fintech firm Nium leverages Ripple’s blockchain know-how within the Philippines and Mexico corridors to supply remittances.
Nium reportedly is the primary within the APAC area to supply corridors from North and South America to a number of Southeast Asian international locations, due to RippleNet. Nium’s footprint in Australia, Singapore and Malaysia has additionally been strengthened due to new community connections.
Ripple is constant to broaden all through the Asia Pacific, with Korea as the following precedence. In keeping with Rahul Advani, head of Ripple’s Asia-Pacific coverage, the corporate plans to enter the Korean market in earnest this 12 months. “Ripple is especially within the Korean market,” the highest government acknowledged on the “The Way forward for Blockchain and Digital Belongings in Korea” convention, which was hosted by Ripple, GBC Korea and Oxford Metrica and came about on April 27.
Advani additionally acknowledged that the continuing Ripple-SEC lawsuit has no affect on the adoption of Ripple’s remittance platform, particularly On-Demand Liquidity (ODL).
Latest updates within the Ripple SEC case
In a latest ruling, Choose Analisa Torres of the USA District Court docket for the Southern District of New York established a briefing timetable for Ripple and the USA Securities and Change Fee.
On April 29, the events offered a joint proposed schedule to the court docket for approval. After reviewing the events’ letter, Choose Torres ordered that each one motions excluding skilled testimony be totally briefed by the tip of August.
Any motions for abstract judgment should be filed by September 2022. Ripple and the Securities and Change Fee may have just a little greater than a month to file their oppositions and motions.
Motions for abstract judgment should be totally briefed by Nov. 15, a month prior to the unique deadline specified by the events.
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