The "US Market is Very Important for Ripple" - John Deaton Says
In a recent Twitter chat , one of the vocal XRP advocates revealed that Brazilian bank Rendimento was the first to adopt Ripple’s blockchain for payments entirely in the cloud. According to him, the company has recorded tons of such partnerships but the impact is not reflected in the price of its underlying cryptocurrency – XRP. advertisement He posited that just like Rendimento, many of the firms that have adopted Ripple ’s payment solution are not utilizing the XRP coin as a result of the associated regulatory uncertainty. Commenting on this tweet, popular XRP advocate and attorney, John Deaton says many people are underestimating the impact of the lawsuit on Ripple ’s business as well as the growth of the digital currency. While the Brad Garlinghouse led firm is making significant business strides in foreign markets, Deaton said the US remains an important one for the company. Some have argued that I’m wrong when I say: ...