MoonPay Integrates Ripple For XRP Despite Legal Uncertainty

MoonPay, a cryptocurrency payment gateway, has announced its integration with Ripple, expanding partnerships for both companies as they work to enhance service delivery.

This move aligns with MoonPay’s vision of making cryptocurrency more accessible by offering simplified on-ramps for everyday users.

MoonPay Announces Ripple Partnership

The partnership represents a key milestone for MoonPay, granting its global user base seamless access to Ripple’s native token. This integration enables users to buy, manage, and store XRP directly within the MoonPay ecosystem.

“In partnership with Ripple, you can now buy, store, and manage your XRP directly within your MoonPay account. Whether you are a new recruit or a loyal soldier, welcome home,” MoonPay announced.

Read more: How To Buy XRP and Everything You Need To Know

In May 2024, MoonPay integrated PayPal for easier crypto purchases. This enabled users to buy digital assets via bank transfers through a streamlined and familiar interface. The latest partnership, therefore, is another step forward in simplifying cryptocurrency transactions for MoonPay’s growing user base.

The ability to buy crypto through PayPal, coupled with MoonPay’s latest XRP purchase features, reinforces the platform’s growing efforts in the mainstreaming of digital assets. It also highlights the growing relevance of Ripple’s powering token.

MoonPay’s integration is seen as a vote of confidence in XRP’s future despite Ripple’s legal challenges with the US SEC. As both companies expand their product offerings, this partnership places MoonPay and Ripple at the forefront of efforts to make crypto more accessible.

Ripple CLO Outlines Ripple vs. SEC Appeals Timeline

Meanwhile, Ripple remains embroiled in a legal battle with the SEC. Since 2020, the company has faced allegations that its sale of XRP tokens amounted to an unregistered securities offering. This high-profile case has drawn significant attention from the community, as its outcome could have far-reaching implications.

In July 2023, Ripple scored a partial victory but remains under legal pressure, as the SEC is still appealing parts of the ruling. The case remains unresolved, with the XRP community riding on hope. This leaves Ripple’s long-term regulatory standing uncertain, with the outcome still a key issue that could shape the future of XRP’s status.

Speaking to Fox Business correspondent Eleanor Terret, Ripple chief legal officer Stuart Alderoty reportedly outlined the timeline for the appeals process between Ripple and the SEC. Alderoty noted that the SEC has until Thursday, October 17, to submit Form C, which will provide insight into the specifics of its intended appeal.

Following this, Ripple reportedly plans to file its own Form C seven days later, detailing the arguments for its cross-appeal. This sequential filing process marks the beginning of what is anticipated to be a lengthy and complex legal battle.

Once both parties have submitted their respective forms, they will agree on a briefing schedule. The SEC will have up to 90 days to submit its opening brief. Alderoty expressed his expectation that the SEC would utilize the full 90 days to present a comprehensive account of its legal arguments.

Ripple will subsequently file a response and its own brief, kicking off an extensive briefing process projected to extend through July 2025. This timeline suggests a protracted legal engagement, highlighting the significant stakes involved.

Read More: Everything You Need To Know About Ripple vs. SEC

BeInCrypto data shows that XRP’s price has risen modestly by 1.17% following the news. As of writing, the token is trading at $0.5495.