Ripple Defies US Blockade, Despite US Blockade, Ripple Expands in Brazil as XRP Investors Eye RCO Finance

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.”