Despite the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC), a recent article published by Fortune suggests that both Ripple and its digital currency XRP are poised for success regardless of the outcome of the case.
The "Ripple and XRP may finally be for real" newsletter, authored by Fortune Chief Editor Jeff John, argues that while many have tied XRP's fate to a positive outcome in the SEC case, there are several factors at play that indicate ongoing success even if things don't go as planned.
John points out that Ripple has already established itself as a key player in global payments, with over 300 financial institutions using its technology. Additionally, he highlights recent partnerships with major players such as MoneyGram and Bank of America as evidence of continued growth potential.
Furthermore, John notes that despite facing legal hurdles in the US market specifically, Ripple has continued to make strides abroad. The company recently announced plans to expand into Southeast Asia through partnerships with major banks in Japan and Thailand.
While some investors may be wary of potential regulatory risks associated with investing in companies like Ripple amidst an ongoing court battle with regulators like the SEC, others see it as an opportunity for long-term growth potential. As John writes:
"Even if [the] company doesn’t win all aspects or any aspect of this lawsuit...they’ve already achieved what they needed to achieve."
Ultimately, time will tell how this high-stakes legal battle plays out. But according to Fortune's analysis, there are plenty of reasons to believe that both Ripple and XRP will continue on their path towards success regardless.