<ul><li>Ripple has sued the U.K.-based GCC Exchange for failure to clear outstanding XRP dues.</li><li>Ripple’s Singapore arm has alleged that GCC failed to pay for over 40,000 transfers of XRP units.</li><li>The lawsuit was filed back in July 2023 but came to light earlier this week.</li></ul>American blockchain giant Ripple Inc. recently took U.K-based GCC Exchange to court over outstanding dues. Ripple Labs Singapore Pte Ltd., the Singaporean unit of the blockchain firm, reportedly sued the U.K.-based currency exchange and money transfer outfit for a whopping €13.8 million ($14.9 million).Ripple influencer JackTheRippler recently took to X (formerly Twitter) to report the lawsuit:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f6dec536357b4a2783cbcbc0f327f28f.png" />According to a report by <a href="https://www.law360.com/articles/1715093/ripple-sues-exchange-for-13-8m-over-unpaid-xrp-invoices" rel="noopener noreferrer nofollow">LAW360</a>, the lawsuit against GCC Exchange was filed back in July 2023 but only became public earlier this week. GCC Exchange is the fintech firm behind a popular foreign exchange and money transfer application in the United Kingdom.As per the complaint, Ripple Labs Singapore Ltd alleged that GCC Exchange failed to pay the fees associated with the transfer of XRP liquidity made by Ripple. The invoices in question involved more than 40,000 transfers of XRP units that were moved as per a previously agreed upon supply deal between the two firms.Read full article a<a href="https://cryptotale.org/ripple-sues-uk-based-gcc-exchange-for-e13-8-million-over-unpaid-invoice/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

Ripple Sues UK-Based GCC Exchange For €13.8 million Over Unpaid Invoice

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