Ripple Defies US Blockade, Despite US Blockade, Ripple Expands in Brazil as XRP Investors Eye RCO Finance
Highlights
- Large investors in Ripple begun to show interest in RCO Finance.
- Ripple partners with Mercado Bitcoin in Brazil to offer cross-border payments.
- SEC appeals court decision on XRP, Ripple keeps expanding in Latin America.
Large investors in Ripple and Cardano have begun to show interest in RCO Finance, with its high growth potential.
Although Ripple recently saw an apparent resolution to its extremely long legal battle with the US SEC, XRP still has yet to see the strong price jump that many had anticipated.
Ripple’s XRP Stalls, But RCOF Offers 1000x Potential
The XRP price has fallen 3.7% in the past week and has gained just 8% since September.
Large upward movements of XRP may not be forthcoming, with the possibility of an SEC appeal till the deadline expiration on October 7. XRP could blow up as high as $1.94 in the next five months, analysts believe-a 215% jump from current levels.
But many XRP investors are hedging their bets by adding RCOF to their portfolio in expectation of the token delivering a dazzling 1000x return.
Ripple Expands to LATAM Despite SEC Battle
Ripple, a leading digital asset infrastructure provider, has partnered with Brazil’s largest crypto exchange, Mercado Bitcoin, cracking the newest possible blockade by the US Government.
The SEC, on October 2, filed a notice of appeal in the lawsuit with an aim to reverse a decision rendered by Judge Analisa Torres.
Legal analysts had argued that the SEC would appeal the 2023 decision, which held that secondary sales of XRP would not constitute a security transaction. Judge Torres found that XRP is a digital asset and does not meet all criteria of the SEC Howey test as an investment contract, meaning that a ruling found it is not, in and of itself, a security.
The company however decided to spread its business even further making its way to LATAM countries. In the latest statement, the firm said Mercado Bitcoin is leveraging its service in the quest to bolster its treasury operations internally between Brazil and Portugal.
The idea is to offer support for international payments both to corporate and retail customers, and facilitate transactions in Brazilian Real. This makes Mercado Bitcoin the first user of enterprise-focused payment solution in Latin America.
As per the official statement:
“Ripple Payments offers unique capabilities that are important to crypto businesses enabling them to streamline operations, optimize liquidity, and ultimately improve margins through real-time payment settlement.”
The head of banking at Mercado Bitcoin, Jordan Abud, said that this partnership with is an opportunity for the exchange to further its services and internationalize. In fact, Brazil is a familiar market, considering how the company began operations in Brazil back in 2019 and also launched the Brazil Fund as it looks to foster the development of XRP Ledger (XRPL) in the country..
Latin America Domination with Stablecoin and Payments
- Peter Brandt Flips Bullish on Bitcoin, Ethereum, XRP, and XLM
- Binance to Compensate Users After Ethena’s USDe Depeg During Crypto Market Crash
- Tom Lee’s Fundstrat Predicts Ethereum Rally to $5,500 Following ETH ‘Bottom’
- Is the Bitcoin Top In? Raoul Pal Signals Higher Liquidity Cycle Despite Market Selloff
- Expert Says XRP ETF Approval Is ‘Getting Close’ As Issuers File Amendments
- PEPE Coin Price Reenters Historical Demand Zone as Whales Accumulate $5M— Can It Repeat Its 123% Rally?
- Bitcoin Price Prediction as Trump’s Tariff Shock Triggers $19B Liquidation
- Can $TAPZI Reach $1 In Q1 2026?
- Here’s Why XRP Price May Have a Zcash-Like Surge
- $TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
