Despite its lengthy legal battle with the SEC, the Ripple network keeps growing into new areas. Ripple continues to grow in Morocco after forming a partnership with the biggest bank there in January of this year.
Despite the SEC lawsuit, Ripple is still increasing.
The network is still able to develop despite the legal dispute between Ripple and the SEC. The gross settlement mechanism is still operating without incident, despite expectations that it would maintain a low profile. to think that he will benefit from this trial. Ripple has its sights set on Morocco this time after gaining customers in numerous nations. The biggest bank in the nation, AttijariwafaB, joined RippleNet, the platform’s global payment network, earlier this year.
Continued growth of Ripple in Morocco
Since the platform stated yesterday that it is continuing its operations in Morocco, Ripple’s initial move appears to have been successful. In Morocco and the MENA region, XRP is extending RippleNet services through its partnership with Thunes Payments and AttijariwafaB. These alliances have a lot of benefits.
In fact, Ripple has direct access to both its global banking partners and the most well-liked bank in Morocco. However, the cooperation benefits more than just the platform. Customers are the main winners from this partnership. The Moroccan bank facilitates cross-border payments through membership. Customers living in the Netherlands or the United Kingdom will thus be able to send money to their family members living inside the nation with ease.
Ripple is settled in Morocco and plans to remain there thanks to its RippleNet network, its partnership with Thunes Payments, and its cooperation with AttijariwafaB. A crucial asset for the nation, which is currently collapsing under the weight of inflation, is the ability to facilitate bank-to-bank payments.
