Monerex, a Fintech company focused on building decentralized, Web3 banking platform, is pressing ahead with its ambition to become a top-tier Web3 bank, despite the Securities and Exchange Commission’s (SEC) ongoing appeal. According to the company, the legal challenges will not interfere with its roadmap. Monerex continues to emphasize its commitment to decentralized finance, especially by leveraging the power of Ripple’s XRP Ledger (XRPL).
Amidst the regulatory uncertainty, Monerex reaffirms its partnership with Ripple, solidifying its position in the Web3 banking space.
The Monerex team remains fully committed to becoming a leading Web3 bank, despite the SEC’s ongoing appeal, which won’t have any effect on our roadmap. We believe in the power of decentralization, especially as we build on the XRPL. Our vision for the future of finance is…
— Monerex (@MonerexOfficial) October 3, 2024
The XRPL is at the heart of the Monerex’s future plans. As the develop on decentralized platform, Monerex aims to create secure, transparent, and accessible Web3 services. Their vision of the future of finance is rooted in these values, and they are steadfast in delivering solutions that will transform how users interact with financial systems.
Ripple’s Role in Monerex’s future
Ripple plays an important role in Monerex’s journey. The partnership between Monerex and XRP strengthens the company’s goal of becoming an official On-Demand Liquidity (ODL) partner. This collaboration will utilize $MXI, Monerex’s utility token, as part of its broader plan to offer cutting edge Web3 financial services.
Monerex remains resolute in its alliance with Ripple, navigating the SEC appeal with confidence, and shaping the future of decentralized finance.
Also Read: Ripple & Mercado Bitcoin Partner to Upscale Global Payments
Source: https://www.cryptonewsz.com/monero-allies-with-ripple-in-the-xrp-xec-case/