Belgian cafeteria FRITSCHOP Wetteren accepts payment in XRP

26.10.2021

The Belgian cafeteria FRITSCHOP Vättern began accepting XRP as a means of payment on Twitter on Monday.
SEC lawsuit slows down XRP adoption process

The post was shared by @MackAttackXRP, a famous XRP contributor. Hence, the spread of XRP is evolving. This summer, CoinDesk announced that XRP, along with two of the most famous digital currencies - BTC and Ethereum - is planned to be accepted by an American university in Paraguay as a method of payment for training courses and academic awards.

The introduction of XRP is most likely delayed due to the SEC filing a lawsuit against Ripple Labs, as well as both of its highest rank managers - the general manager and one of the founders - at the end of last year.

At the beginning of the year, several cryptocurrency exchanges abandoned this currency, slowing down the sale of XRP. Among them: Coinbase, Binance US, Bittrex, Bitstamp, etc.

The XRP association regularly posts on Twitter to Coinbase with a request to start selling XRP again, but the currency has not yet returned to this site.
Support for Brian Armstrong "Ripple" and XRP

Earlier, the chief executive and co-founder of Coinbase, Brian Armstrong, published a series of microblogging on Twitter, in which he showed support for Ripple and XRP in a legal confrontation against the US SEC.

At the end of the summer, the SEC threatened to also sue Coinbase over a banking product that the cryptocurrency exchange was about to introduce to the market.

The purpose of the developed application is to provide an opportunity to lend your own USDC to other users and earn interest income on this. On the other hand, the SEC contacted Coinbase, making a statement that the new addition of LAND is a treasure without registration (a similar reproach to Ripple was transmitted through XRP), and threatened to file a lawsuit on the site.

Armstrong then tweeted that the balancer gave permission to some other crypto market players to launch such a product, but intimidated to file a lawsuit against Coinbase only in the judiciary. Following the above, Coinbase is happy to follow any strict law or set of regulations in this industry. However, the SEC has never proposed anything, does not comment on Coin Base's questions about why the modern cryptocurrency lending function can become a security without registration.