Most of the cryptocurrencies have shown substantial growth in the past few weeks including XRP. In the past one month, XRP has seen an increase of 163% because of which it came to the list of best performing cryptocurrencies. Asheesh Birla, General Manager at Ripple, has revealed that the firm is planning the huge expansion of XRP in the next few months. Among all other products, On-Demand Liquidity is the main focus of the firm. He also revealed that the firm is looking for its global expansion, where it could be possible. Ripple Believes Regulatory Framework Plays Major Role Birla has shown major concern on the regulatory framework as he believes this to be the most important thing. Brad Garlinghouse, CEO of Ripple, also seems to be quite concerned about a proper regulatory framework because of which he is planning to leave the U.S. He is considering London for the new possible location for Ripple’s headquarters because of many favourable regulations. In London, XRP is classified as a commodity and hence it comes under the law. In a recent interview, he also mentioned that in case the U.S. does not provide a proper framework, then they will move to another location. Otherwise, the shareholders will have to leave the company. Line of Credit Will Be Marketed Strongly Birla also mentioned that the major focus of Ripple is on the Line of Credit and will be marketed very strongly in the next year. Line of Credit is highly beneficial and interesting for Fintech firms and small and medium-sized enterprises. He also mentioned that traditional infrastructure is not capable of fulfilling the huge demand for loans in the market. Coronavirus pandemic has also led to this huge increase in demand for loans. That is why Line of Credit is going to be of huge benefit for all such firms.
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