Ripple, a San Francisco based blockchain company is continually hinting at new bulletins. The most recent bullish insights on Ripple comes from the Minister of Finance from Luxembourg – Piece Gramegna.
Pierre Gramegna, who is the minister of Finance at Luxembourg latest tweet hinted that Luxembourg and Europe will receive exposure from Ripple. This was revealed after Gramegna posted a picture with Ripple co-founder Chris Larsen. In this picture there was a small note:
looking forward to the further development of Ripple.
Here is the tweet from Pierre Gramegna (@pierregramegna)
— Pierre Gramegna (@pierregramegna) April 9, 2019
There hasn’t been an official announcement as of yet or further details on a specific deal made between Gramegna and Larsen but it is pretty clear something is coming down the line. It will be very interesting to see what comes out of this talk and it will be interesting to see Ripple-backed upgrades across Luxembourg and Europe.
However, very recently LPEA (Luxembourg Private Equity and Venture Capital Association), private equity and venture capital professionals in Luxembourg issued a paper entitled ‘Security Tokens – Legal Aspects’. The paper reads in favor of XRP being a token and not security (by mentioning it as an example with Bitcoin). It notes as follows;
Payment tokens are virtual or cryptocurrencies (this is, for instance, the case of Bitcoin or Ripple ), i.e. tokens intended to be used, now or in the future, as means of payment for acquiring goods or services or as means of money or value transfer.
Something is cooking and we will just have to wait to find out whats is going on.