Ripple expands further in UK and Europe as Modulr strikes new deal

As shared by the managing director of RippleNet Europe, Sendi Young, RippleNet continues to grow as cross-border payments from Brazil powered by Ripple and Modulr come to the UK and Europe. According to a report by Fintech Finance news site, a Brazilian fintech company, Remessa Online, has chosen Modulr to speed up cross-border payments across the UK and Europe.

Modulate also recently launched its real-time euro payments service, based on the real-time pan-European SEPA Instant system and offering European businesses considerable competitive advantages.

In February, blockchain and crypto giant Ripple partnered with British company Modulr to enable “seamless” payments to the UK and Europe from the rest of the world.

By speaking with CNBC’s Squawk BoxSendi Young argued that the past 18 months have been the strongest for the company despite the ongoing SEC lawsuit.

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Ripple SEC Lawsuit Updates

As previously reported by U.Today, Ripple won a minor victory in the ongoing lawsuit, as Judge Torres denied the SEC’s motion to seal the responses to the amius request to participate in the Daubert challenge in their entirety.

Now, the Ripple defendants have filed their response to the amicus request to participate in the Daubert Challenge.

Although still under seal, Ripple submitted a letter requesting that its entire response be made public. The documents filed by the SEC and the Ripple defendants will be kept secret until District Judge Torres decides what should or should not be made public.

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

In another update, the SEC filed a letter asking the court to seal a portion of Exhibit A of Ripple’s defendants’ latest filing regarding the insufficiency of the SEC’s responses to the fourth set of admissions applications to which Ripple does not oppose.

Mary I. Bruner