Despite its ongoing legal conflicts with the US Securities and Exchange Commission (SEC) Ripple (XRP) has teased a major announcement coming soon. Indeed, Ripple Labs Senior Director and Head of Product Marketing, Oliver Segovia, noted that the company is set to launch new product updates in one specific country.
What makes the announcement all the more exciting is its target. Specifically, Segovia stated that those updates would be set to impact United States customers. He noted that after minimal activity in America for over three years, they would be reentering the market.
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Ripple Set to Announce New US Product?
In a new post to LinkedIn, Ripple Senior Director Oliver Segovia noted that a major announcement was coming. Moreover, he stated that the announcement is about the company’s offerings in America. Specifically, he said the firm was “geared up to announce a new product update powered by our money transmitter license (MTLS) that covers the majority of the US states.”
The development arrives as Ripple already conducts a remarkable 90% of its business outside of the United States. Moreover, Segovia noted that this is the first major Ripple payments development in the country for 3 years. Conversely, Segovia ended by promoting a fintech meetup at the firm’s San Francisco headquarters.
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Additionally, he noted that Ripple CTO David Schwartz would be present, with the announcement likely to take place. The event is set to occur on February 7th, with the news likely to go public from there. Although there is no certainty as to what the announcement could be, the fact that it is set to impact the United States is a major development in and of itself.
Due to its ongoing legal troubles in the country, Ripple has mostly stayed away from the United States. To this point, that decision has serviced the firm relatively well. however, it appears as though that decision is set to change. Additionally, it feels as though Ripple is anticipating a positive outcome to its ongoing SEC legal conflict. Subsequently, it is setting up further business being conducted within the country.
