According to a tweet posted on the Twitter handle of the Belgian restaurant FRIETSHOP Wetteren, it began to take XRP as payment for meals on Monday, XRP accepted by FRIETSHOP Wetteren restaurant in Belgium.
XRP adoption slowed down by SEC’s legal suit
The tweet was shared by prominent XRP community member @MackAttackXRP. Thus, the adoption of XRP continues. This past summer, CoinDesk reported that XRP, as well as the two greatest cryptos – Bitcoin and Ethereum – would be accepted by Paraguay’s Universidad Americana as payment for educational courses and scientific levels.
XRP adoption appears to be slowed down due to the authorized suit brought by the U.S. Securities and Exchange Commission towards Ripple Labs, as well as two of its highest-ranking executives – the CEO and the co-founder – in December of last year.
In January, a number of crypto exchanges turned their backs on this cryptocurrency, suspending XRP trading. Among these exchanges are Coinbase, Binance U.S., Bittrex and Bitstamp.
The XRP community has been posting frequent tweets addressing Coinbase with requests to resume XRP trading, but the coin has not been reinstated on this platform yet.
Brian Armstrong supports Ripple and XRP
Nevertheless, as reported by U.Today earlier, Coinbase CEO and co-founder Brian Armstrong have posted a series of tweets. In them, he expressed support for Ripple and XRP in the legal war against the SEC.
In August, the U.S. Securities and exchange regulator threatened to take Coinbase to court as well, over the lending product the crypto trade was readying to launch to the market.
The new app was meant to supply users a chance to lend their USDC to different customers and earn interest on that. Nevertheless, the SEC contacted Coinbase, stating that the new LEND app was unregistered security (the same accusation leveled at Ripple over XRP) and threatened to sue the platform.
Armstrong then tweeted that the regulator had allowed multiple other crypto players to launch a similar product however threatened to sue only Coinbase. According to him, Coinbase is happy to comply with any clear law or algorithm in this sphere. Nevertheless, the SEC has offered none and is ignoring Coinbase’s questions as to why the new crypto lending function could happen to be an unregistered security.
Source: UToday
