Ripple Unveils Expansion Plans for U.S. Payments and Sets Stage for Anticipated XRP ETF Launch

W. Oliver Segovia, Ripple’s Senior Director and Head of Product Marketing, announced via social media the company’s strategic plan to expand its payment solutions throughout the United States.

On LinkedIn, Segovia noted that despite Ripple conducting 90% of its operations internationally, the firm is set to significantly impact the U.S. market with forthcoming product enhancements, leveraging its money transmitter licenses (MTLs) that now encompass a broad swath of U.S. jurisdictions.

To mark the beginning of this expansion, Ripple is organizing a fintech gathering at its newly opened San Francisco base. This event will include a dynamic panel discussion about the future of Ripple’s blockchain and payment technologies into 2024, with Brendan Berry and Pegah Soltani leading the conversation, and Joanie Xie, U.S. Managing Director, serving as the moderator.

David Schwartz, Ripple’s Chief Technology Officer, is also slated to participate in the discussion.

Post-discussion, the event will offer a networking hour where attendees can connect with industry professionals from companies like Adyen, Marqeta, and Plaid. This networking event is scheduled for Wednesday, Feb. 7, at 5 pm, taking place at Ripple’s new headquarters at 600 Battery St. Interested parties are urged to register early, with an option for priority access via a waitlist.

In line with its expansion goals, Ripple is actively hiring in several key global cities, including Bangalore, San Francisco, Toronto, and London.

Furthermore, following a U.S. court’s decision that XRP does not constitute a security, U.S.-based asset managers, such as BlackRock and Grayscale, are gearing up to apply for a Ripple (XRP) exchange-traded fund (ETF) with the SEC in April, aiming for a launch by year-end 2024.

This move has sparked considerable excitement and debate within the cryptocurrency community, with the potential XRP ETF attracting significant attention for its implications on market accessibility and the solidification of XRP’s status as a non-security in the investment landscape.

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