Are U.S. Markets Crucial for Ripple? Analyst Adam Cochran Answers

Sine qua non

Mr. Cochran completely dismisses the thesis of the XRP Army that supposes that Ripple will get through losing the opportunity to work on the U.S. market. According to his Twitter post, the U.S. is responsible for 33 percent of global remittances.

Also, losing a presence on the U.S. market implies a shortage in liquidity that, in turn, necessary leads to bids getting worse.

Is Stellar (XLM) the SEC’s next target?

In terms of using XRP token for bank settlements, it has very powerful competitor, JP Morgan coin—a native asset of JP Morgan’s private blockchain. It is US. compliant, and JP Morgan already has 300 institutions onboarded, so Ripple Inc. can hardly compete in this sphere.

In addition, Mr. Cochran added that Stellar Lumens (XLM) can be declared a security as well, so SDF should do its best to avoid XRP’s likelt fate:

If $XRP is a security then there is a chance $XLM could face the same fate and should be scurrying to make sure they are sufficiently decentralized.

As covered by CryptoComes previously, Ripple and its two key officers, Brad Garlinghouse and Chris Larsen, are accused by the U.S. SEC of illegally selling securities to U.S. citizens in the form of XRP tokens.

Also, Ripple’s major partner, Moneygram, announced that it has never used Ripple’s ODL system and RippleNet to move users’ funds.

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