Ripple's Chief Legal Officer: Believes that U.S. banks will reuse Ripple's ODL product and XRP token for cross-border transactions
ChainCatcher news, according to CNBC, after partially winning a legal dispute with the SEC, Chief Legal Officer Stu Alderoty stated in an interview that he believes U.S. banks will reuse Ripple's ODL product for cross-border transactions.
Stu Alderoty added, "We hope this ruling will provide some reassurance to financial institutions' clients or potential clients, at least to start a dialogue about the issues they encounter in their business, which are real-world problems related to excessive costs when transferring value across borders."
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