RippleNet expands as cross-border payments from Brazil and Modulr arrive in the U.K. and Europe

As shared by RippleNet Europe MD, Sendi Young, RippleNet continues to expand as cross-border payments from Brazil powered by Ripple and Modulr reach the UK and Europe. According to a report by Fintech Finance, a Brazilian fintech company, Remessa Online, has chosen Modulr to accelerate cross-border payments across the UK and Europe.

RippleNet expands further to UK and Europe as Modulr nabs new deal

Modulr also recently introduced a real-time Euro payments service, which builds on the real-time pan-European SEPA Instant scheme and gives European companies significant competitive advantages.

In February, blockchain and crypto giant Ripple established a partnership with British firm Modulr to enable “seamless” payments from the world to the UK and Europe.

While speaking to CNBC’s Squawk Box, Sendi Young asserted that the past 18 months have been the strongest for the company despite the ongoing SEC lawsuit.

Ripple won a small victory in an ongoing lawsuit when Judge Torres rejected the SEC’s request to sell its entire response to amius’ request to participate in the Daubert challenge.

Now, Ripple defendants have filed a response requesting amicus to participate in the Daubert challenge.

While still unsealed, Ripple sent a letter asking for all of its responses to be made public. Documents filed by the SEC and the Ripple defendants will be kept private until District Judge Torres decides what should or should not be made public.

In May, CryptoLaw founder John Deaton requested that the court file an amicus brief in a Daubert challenge relating to the opinion of expert SEC witness Patrick Doody, who claimed to know what motivated XRP holders to buy the asset.

In another update, the SEC has filed a letter requesting that the court seal a portion of Exhibit A to the Ripple defendants’ latest filing regarding the insufficiency of the SEC’s responses to the Fourth Set of Requests for Admission, to which Ripple does not object.

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