In the days following the judgment, XRP has gained traction globally, with notable developments signaling increased adoption. On August 9, 2024 according to a , Japan announced its nationwide adoption of Ripple, integrating Ripple’s technology into its financial system. Additionally, Ripple is planning to launch a stablecoin on the XRP Ledger which is expected to offer advanced interoperability features, further enhancing its appeal.
Ripple’s technology is already utilized by several major banks and financial institutions worldwide, including Santander (USA), Canadian Imperial Bank of Commerce (Canada), Kotak Mahindra Bank (India), SBI Holdings (Japan) and IndusInd Bank (India). With the SEC case behind it, Ripple is poised to expand its reach even further, potentially driving XRP’s value higher.
Moreover, the recently achieved a notable milestone by closing 90 million ledgers, highlighting its strength and reliability. In another development, India and the UAE have agreed to use the XRP Ledger for oil transactions further solidifying XRP’s role in global finance.
