Ripple considers forming subsidiaries for smoother cross-border operations after its IPO. There’s talk of separating Ripple’s brand from XRP to give XRP more independence in payment services. The XRP community is actively debating renaming and RippleX integration in response to these restructuring ideas.
Prominent XRP influencer WrathofKahneman recently sparked discussions in the crypto community about Ripple’s future, especially with the idea of an initial public offering (IPO).
The XRP community is buzzing with excitement, considering the potential outcomes of WrathofKahneman’s insights. One key point suggested by the influencer is that Ripple might create subsidiary companies to manage its cross-border payments if it goes public. This move could make it easier to obtain payment licenses, expand into new markets with partner firms, and simplify regulatory approvals.
Additionally, there’s the idea that this restructuring could partially separate Ripple’s brand from XRP. This could allow XRP to function more independently, focusing on developing its payment services. There’s also the possibility of locating these subsidiaries outside the United States to take advantage of international tax benefits.
Notably, these subsidiaries might have the freedom to acquire smaller remittance companies without needing approval from Ripple’s shareholders, further enhancing their operational independence.
Reactions within the XRP community have been mixed. Some, like Dizercapital founder Yassin Mobarak, agree with WrathofKahneman’s views. Others have proposed renaming XRP to distance it from Ripple, but the influencer had reservations, calling it “structurally hairy.”
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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