XRP - A fundamental case for a long term bias/trade

٢٧ ديسمبر ٢٠٢٠

Facts:
- SEC is suing Ripple Labs for the sale of unregistered securities
- XRP and Ripple are not the same. XRP is the coin, Ripple Labs is the company
- Unless Ripple Labs goes public, XRP it is not a security

Bullish news:

• SBI, a Japanese company that has recently acquired multiple crypto exchanges in 2020 and initially invested in XRP with company SBI Ripple Asia in 2016, is interested in a crypto index that is majority XRP
• SBI offers shareholders XRP as dividend payouts
• SBI Ripple Asia is not being sued by the SEC
  
  SBI Ripple Asia is very interested in using XRP as its blazing fast remittance currency, and MoneyTap (not a U.S. company) will be using it.
  "Interbank transfer fees remained high in Japan and have not been changed for more than 40 years, which is unusual by international standards."
  
  
• Japan's regulatory body FSA has already declared XRP is not a security.