CoinFlip’s Crypto ATM Integrates Ripple (XRP)
CoinFlip’s crypto ATM has announced the integration of Ripple (XRP) following a ruling by US District Judge Analisa Torres stating that XRP is not a security. This marks a victory for Ripple in its case against the US Securities and Exchange Commission (SEC) and allows XRP to re-enter the crypto world.
Key Points:
- US District Judge Analisa Torres ruled that XRP is not a security, ending the dispute that began in December 2020.
- The price of XRP jumped from $0.47 to $0.81 on the day of the ruling.
- CoinFlip, one of the world’s largest crypto ATMs, has integrated XRP into its platform, allowing customers to purchase the cryptocurrency through its Order Desk.
- CoinFlip CEO Ben Weiss expressed excitement about the integration, citing the SEC ruling as a positive shift toward regulatory clarity.
- CoinFlip has experienced significant growth in 2022, with increased revenue, expansion of its workforce, and presence in new locations.
Coinbase and BitBuy also Re-List XRP
Coinbase, a popular crypto-exchange, and Canadian exchange BitBuy have also re-listed XRP following the ruling. Coinbase celebrated the victory alongside Ripple and announced its decision to make XRP available for trading. BitBuy quietly relisted XRP, with the news being shared by an XRP enthusiast on Twitter.
Hot Take:
The integration of Ripple (XRP) into CoinFlip’s crypto ATM, along with its re-listing on Coinbase and BitBuy, demonstrates the positive impact of the recent SEC ruling. It not only boosts confidence in the crypto industry but also provides regulatory clarity for market participants. This move further empowers individuals to navigate the evolving digital economy and makes cryptocurrency more accessible to everyone.
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