Coin

<ul class="news-points"> 
 <li>Ripple and U.K.-based firm GCC Exchange have settled their legal dispute.&nbsp;</li> 
 <li>Last year, Ripple accused the firm of neglecting financial obligations for over 40,000 XRP transfers.&nbsp;</li> 
 <li>The dispute now lays to rest with both parties reaching a confidential agreement.</li> 
</ul> 
The Singapore arm of crypto payment firm <a href="https://coinedition.com/is-ripple-labs-the-next-amazon-crypto-expert-draws-similarities/" target="_blank" rel="noreferrer noopener">Ripple Labs</a> and U.K.-based fintech firm GCC Exchange have successfully settled their $15 million legal dispute. Initially, the dispute revolved around allegations of nonfulfillment of payment obligations related to XRP transfers.&nbsp; 
Yash Rajesh, Director of GCC Exchange, provided insights into the resolution in an exclusive <a href="https://www.openpr.com/news/3342289/ripple-and-gcc-exchange-uk-ltd-have-settled-their-legal-dispute" target="_blank" rel="noreferrer noopener nofollow">interview</a>. When asked about the current standing of the legal dispute, Rajesh remarked: 
<blockquote class="wp-block-quote is-style-default"> 
 GCC Exchange UK Ltd has resolved the dispute with <a href="https://coinedition.com/tag/ripple-xrp/">Ripple</a>. The parties have entered into a confidential settlement agreement with no admission of liability. 
</blockquote> 
XRP community figure “WrathofKahneman” called attention to the development in a recent statement on X. 
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 <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ripple</a> has ended its lawsuit against partner GCC Remit. In Sept. they sued for ~$15m in unpaid invoices for &gt;40k <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a>. (Assuredly for their ODL use) "The parties have entered into a confi…
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The post <a href="https://coinedition.com/ripple-and-gcc-exchange-settle-15-million-legal-dispute/">Ripple Reaches Confidential Agreement to Settle $15M Suit with UK Firm</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple Reaches Confidential Agreement to Settle $15M Suit with UK Firm

Coin Edition

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