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Here Is How Apple Has 20 Times More Lawsuits than Ripple, and its Stock is Still Worth $1 Trillion

To being this piece, the XRP community needs to be commended once again for bringing the above fact to light. Twitter user @Ianbins brought it to the attention of Ethereum World News when he stated the following in reply to another tweet. The initial tweet was with regards to the 3 pending lawsuits against the Ripple company. @Ianbins would comment the following:

Nice to know but Apple is in like 60 lawsuits…. it just turned a $1T it’s normal in big business.

The full twitter thread can be seen below:

@Ianbins was responding to a tweet that stated that one of the pending lawsuits against Ripple will be heard in federal court rather than in the Courts of the State of California where it was initially filed. This then means there is a possibility of the federal court ‘joining’ all three lawsuits into one to expedite the process.

60 Pending lawsuits against the Apple Co. that is worth $1 Trillion

This then brings us to the other fact that the Apple company is facing almost 60 class-action lawsuits for secretly throttling and/or slowing down old phones belonging to existing users. 60 pending lawsuits means that Apple is facing 20 times more court cases than Ripple yet it just broke the $1 Trillion market capitalization only a few days ago. The current market cap of AAPL stands at $1.01 Trillion at the moment of writing this.

Analyzing our favorite remittance coin of XRP, its market capitalization stands at $11.673 Billion at the moment of writing this. AAPL’s market cap has eclipsed that of XRP by 86 times yet it has more ‘trouble’ in the courts than the Ripple company.

Also to note is that XRP and Ripple are two completely different entities. Therefore, any lawsuits affecting Ripple, should logically not affect the value of XRP. In the case of Apple, its stock of AAPL is part and parcel of the parent company.

Therefore, it can be concluded that XRP has faced too much FUD due to the 3 pending lawsuits against the Ripple company which is a completely different entity. One explanation could be that the crypto-markets only became popular around June last year when the media started covering Bitcoin (BTC). In the case of Apple, it did its IPO back in December 12th, 1980 and at $22 per AAPL. Since then, the Apple company has more or less dominated the industry of computing and smartphones.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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XRP-centric SBI Virtual Currencies Exchange (VCTRADE), Officially Opens Registrations to the Public

The first crypto-exchange fully owned by a bank has just opened new registrations to the public. The SBI Virtual Currencies exchange – simply known as VCTRADE – now accepts new applications or registrations from users that were not part of the pre-registration group from back in October.

In an announcement on the SBI Virtual Currencies exchange, the team at VCTRADE stated that (translated by google):

Information on starting acceptance of new account opening application.

Thank you very much for giving us your expectations for the start of service by many customers.

Starting accepting applications for opening new accounts of our virtual currency exchange service (VCTRADE) from today.

* Account opening is available for individuals from 20 to 70 years old residing in Japan. Applications for establishing accounts from corporate customers are not currently accepted.

From now on, VCTRADE thank you.

Further instructions on how to open an account with the exchange have been provided by the via this link. To note, is that trading services are currently only available to residents in the country of Japan. Anyone who wishes to open a user account with the crypto exchange can now do so through the available sign up link.

Upon launching the SBI Virtual Currencies, the exchange initially supported trading of XRP against the Japanese Yen. However, Bitcoin (BTC) and Bitcoin Cash (BCH) were soon added on the exchange less than two weeks later.

The public launch of the VCTRADE platform comes almost 2 years after the SBI Holdings expressed intentions of building a cryptocurrency exchange back in October 2016. The launch has been postponed a few times due to the firm working on guaranteeing the exchange had enough internal security to avoid hacks such as those witnessed on Coincheck, Bithumb, Conrail and most recently, Bancor.

The opening of the SBI Virtual Currencies exchange is particularly important for the XRP community who believe the exchange will increase the liquidity of XRP as well as help increase the demand of the digital asset further boosting its value.

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Here Is Another Case of Ripple’s xCurrent Simplifying International Remittances

With the clarity provided by the Ripple company that XRP (XRP) is an entirely different entity from the company, it is time to connect the dots as to why the Ripple company partnered with SBI Holdings a little over 2 years ago.

The partnership between SBI Holdings and the Ripple company was geared towards achieving the following:

  • Forming a new entity, SBI Ripple Asia Co. Ltd
  • To promote currency and financial system innovation on the blockchain
  • Conduct business development in Japan and Asia
  • Provide a settlement platform utilizing blockchain technology in Japan and the entire Asia Region

Highlighting the last three bullet-points above, the partnership has provided a gateway for the use of Ripple’s xCurrent by a business arm of SBI Holdings known as SBI Remit. The latter has used xCurrent to power real-time remittance payments between Japan and Thailand. SBI Remit has collaborated with Siam Commercial Bank (SCB) to bring the near-instant remittance service to the over 47,000 Thai nationals living in Japan who will now be able to send home faster on the Ripple network.

SBI Remit’s customers can use regular ATMs to instantly send money in Japanese Yen to a recipient with a SCB savings account in Thailand in a matter of seconds. The recipient will in fact get the remittance in the Thai Baht currency.

Mr. Nobuo Ando, representative director at SBI Remit, is quoted as saying that:

It is our duty to continuously search for superior technological solutions to deliver ever improved remittance services for our customers. With the steady rise of remittance flows, we see Ripple helping us open up new revenue potential for our business and a better overall experience for our customers.

His sentiments are echoed by the Santander Bank that has chosen Ripple software solutions for 50% of its international transfers, as well as using xCurrent to power Santander’s OnePayFX application that has been shown to work flawlessly when transferring funds internationally.

It is with such news of more banks using Ripple’s payment settlement solutions, that we can conclude that the battle between Ripple and Swift will continue for quite some time until one of the two emerges victorious in the payment settlement industry.

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