Ripple looks to have one less legal battle to worry about following a recent revelation that it had reached a settlement in one of its long-running legal battles. This comes at a time when the crypto firm’s case against the Securities and Exchange Commission (SEC) has intensified once again.
Ripple Settles With GCC Exchange
In a recent interview, Yash Rajesh, the Director of GCC Exchange, a global Money Transfer Service provider, revealed that his company had settled with Ripple. Rajesh stated that both parties had entered into a “confidential settlement with no admission of liability.” The ‘no admission of liability’ means that Ripple and GCC chose to settle without either party admitting any wrongdoing.
Bitcoinist had previously reported how Ripple instituted a lawsuit against GCC Exchange for the latter’s failure to fulfill its financial obligations. The company had accused the foreign exchange company of failing to pay for over 40,000 XRP transfers, which amounted t
We współpracy z: https://bitcoinist.com/ripple-settlement-lawsuit-gcc/
