Ripple gave Turkey and Syria XRP worth $1 millionXRP is a cryptocurrency that launched in 2012. It serves its payment network, Ripple Net, and native asset. At launch, 100B XRP tokens were pre-mined and distributed to individuals and companies.
According to Chainalysis, there has been a donation of more than $9 million in cryptocurrencies. Recently, Ripple disclosed that it is contributing $1 million in XRP tokens to aid quake victims in Syria and Turkey. AHBAP, a nonprofit organisation supported by well-known musician and artist Haluk Levent, initiated the fundraising project.
More than $9 million worth of cryptocurrency have been sent to Turkey and Syria, claims Chainalysis. Alongside, several well-known figures in the cryptocurrency sector expressed their affection in the form of cryptocurrency.
Currently Ripple is defending itself from SEC. The Ripple v. SEC lawsuit is becoming more serious as American regulators pay closer attention to the cryptocurrency market.
- Ripple CEO Brad Garlinghouse has also threatened to exit the US market should the SEC prevail in its case against the company.
- Jesse Haynes, a Web3 lawyer, emphasized in a recent tweet that everything has advantages and disadvantages. In his tweet, Haynes seems optimistic about the whole case regardless of the outcome. He has predicted that whether the ruling is positive or negative, it is beneficial to Ripple.
- Factors like global recognition and growing adoption could propel XRP prices to greater heights. But, If the SEC further pushes the lawsuit or a decision comes against XRP then the XRP Price would end up trading at $0.5850 as per prediction made by coinpedia expert analyst.