00:00 The battle is still ongoing between the digital Ripple platform, which is the US financial papers and bonds.
00:09 Can you win against the Ripple platform, which was a strong competitor to the SWIFT system, to the SWIFT world on the SEC committee?
00:18 First, we point out that the executive president of the Ripple platform, Lisa Mbisi,
00:24 said that the platform seeks to win the organizational boards, after being accused by the SEC of selling more than a billion dollars of XRP currency,
00:38 which is produced and registered as a commodity, not as financial papers.
00:43 But Ripple considers that it is legally possible to register this XRP currency as a commodity.
00:51 Therefore, today, in the midst of this battle that began in 2020, Ripple has partially won over the SEC committee.
01:00 If we look at the performance of the currency since the beginning of the year, we notice that it has increased by more than 40%.
01:07 We also remember that Ripple's partial victory over the SEC committee is now seeking to expand globally,
01:15 according to the executive president's statements, and it is considered to be one of the best 10 digital currencies in 2023.
01:26 As for the latest acquisitions of the Ripple platform, in May it acquired Metaco,
01:33 a company that aims to expand today, with its infrastructure in exchange for 250 million dollars.
01:41 This week, it also announced that it is ready to acquire Fortress Trust, a company that aims to expand its infrastructure.
01:53 Finally, we also note that for about two months, Ripple has been negotiating with American banks to use its XRP currency in financial transactions.
02:06 Today, we note that it has created a non-centralized monetary system that allows the exchange and transfer of money at a lower cost compared to the global SWIFT system.
02:18 Therefore, today it is considered a strong competitor with all these acquisitions and also its partial victory over the SEC.
02:31 Will Ripple continue to acquire and expand globally?
