TapJets describes how XRP resolves its 'Friday night problem' in Ripple support brief to court xrparmy xrpsec xrpcommunity ripple ripplexrp $xrp
in support of the company in the lawsuit with the U.S. Securities and Exchange Commission. The private airline TapJets decided to join the case and explain to the regulator why XRP is not a security.
The utility and value of XRP was presented by the airline through the use of the cryptocurrency as currency in its use case. The company explains in an amicus brief that, given the nature of its business, accepting only fiat money for airline shipments was a hindrance to operations. At the same time, the use ofWhen the
initiated an investigation into whether XRP was a security, exchanges removed the cryptocurrency from trading, making it impossible for TapJets to convert it into fiat. Prior to the court case, the airline's share of XRP payments was 48%.TapJets' amicus brief follows a similar one from Ripple's Philippine partner, I-Remit. According to documents from both companies,is a big part of their business, helping to streamline payments and greatly simplify transactions.
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