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Daily Ripple/XRP Discussion Thread 02/27/20 [Join Our Discord] invite link: discord.gg/7Bv2rYf
Ripple claims a big win in the elusive quest to use cryptocurrency in banking
Azimo Uses On-Demand Liquidity for Faster International Payments Into The Philippines
Ripple Technology Helps Power Sentbe (a Korean Money Transfer Platform)
Zakinov v Ripple case goes forward. (Only partial dismissal)
Sentbe, Hanpass, WireBarley and More Leverage RippleNet to Improve Remittances in Korea | Ripple
Sentbe, Hanpass, WireBarley and More Leverage RippleNet to Improve Remittances in Korea

Daily Ripple/XRP Discussion Thread 02/27/20 [Join Our Discord] invite link: discord.gg/7Bv2rYf

Posted: 26 Feb 2020 08:04 PM PST

Hello! It's Thursday. Welcome to our daily discussion thread.

You can discuss anything related to Ripple and XRP here.

Before posting, read the r/Ripple rules on the sidebar and also check out the thread containing helpful links: https://redd.it/7l94ng

If you see any rule-breaking content, please report by contacting the moderator team modmail

We now have an official discord channel dedicated to r/Ripple: discord.gg/7Bv2rYf

This channel is also used for r/XRP. While there are rules to follow, it will be a more relaxed environment where

you can discuss anything related to Ripple and XRP. The channel is not affiliated with Ripple the company.

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Ripple claims a big win in the elusive quest to use cryptocurrency in banking

Posted: 26 Feb 2020 09:40 AM PST

submitted by /u/redballs1
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Azimo Uses On-Demand Liquidity for Faster International Payments Into The Philippines

Posted: 26 Feb 2020 06:06 AM PST

submitted by /u/R4ID
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Ripple Technology Helps Power Sentbe (a Korean Money Transfer Platform)

Posted: 26 Feb 2020 04:50 PM PST

submitted by /u/consistentbenny
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Zakinov v Ripple case goes forward. (Only partial dismissal)

Posted: 26 Feb 2020 12:43 PM PST

TLDR: Case mostly goes forward. Only claims dismissed were various California Corporations code violations.

Details below.

Excerpts from order today published to court listener:

Reminder of the claims made by Plaintif:

On August 5, 2019, plaintiff filed the operative consolidated complaint against defendants. In it, plaintiff alleges the following claims:

Violation of Section 12(a)(1) of the Securities Act (Title 15 U.S.C. § 77l(a)(1)) against defendants for the unregistered offer and sale of securities. Compl. ¶¶ 169-175;
Violation of Section 15 of the Securities Act (Title 15 U.S.C. § 77o) against defendant Ripple and defendant Garlinghouse for control person liability for the primary violation of Title 15 U.S.C. § 77l(a)(1). Id. ¶¶ 176-183 (together with U.S.C. § 77l(a)(1), the "federal securities claims");
Violation of California Corporations Code § 25503 against defendants for a primary violation of § 25110's restriction on the offer or sale of unregistered securities. Id. ¶¶ 184-190.
Violation of California Corporations Code § 25504 against defendant Ripple and defendant Garlinghouse for control person liability in connection with defendants' primary violation of § 25110. Id. ¶¶ 201-207;
Violation of California Corporations Code § 25501 against defendant Ripple and defendant XRP II, as well as a parallel material assistance claim under § 25504.1 against defendant Ripple and defendant Garlinghouse, for misleading statements in connection with the offer or sale of securities in violation of § 25401. Id. ¶¶ 191-200;
Violation of California Business & Professions Code § 17500 against defendants for misleading advertisements concerning XRP. Id. ¶¶ 208-212;
Violation of California Business & Professions Code § 17200 against Case 4:18-cv-06753-PJH Document 85 Filed 02/26/20 Page 2 of 40 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 United States District Court Northern District of California defendants for their unregistered offer or sale of securities in violation of federal and state law, false advertising practices, misleading statements, and offense to established public policy. Id. ¶¶ 212-222.

CONCLUSION
For the above reasons, the court grants in part and denies in part defendants' motion to dismiss.

The motion to dismiss the first and second causes of action for violation of Title 15 U.S.C. § 77l(a)(1) and § 77o is DENIED.
The motion to dismiss the third and fifth causes of action for violation of California Corporations Code § 25503, § 25504, and § 25110 is DENIED.
The motion to dismiss the fourth cause of action for violation of California Corporations Code § 25501, § 25504.1, and § 25401 is GRANTED with leave to amend.
The motion to dismiss the sixth and seventh causes of action for violations of California Business and Professions Code § 17200 and § 17500 is GRANTED with prejudice, except as narrowly provided immediately above.

The court allows plaintiff 28 days from the date of this order to file an amended consolidated complaint accounting for the deficiencies in the claims dismissed without prejudice. In it, plaintiff must specifically set forth any alleged misrepresentation used to support any amended claim. Failure to do so will result in dismissal of such claim with prejudice. Plaintiff may not otherwise amend his complaint absent leave of court or consent of defendants. Upon the filing of any amended complaint, plaintiff must also file a redline clearly demarcating its changes from the existing complaint.

IT IS SO ORDERED. Dated: February 26, 2020

submitted by /u/aetherlore
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Sentbe, Hanpass, WireBarley and More Leverage RippleNet to Improve Remittances in Korea | Ripple

Posted: 26 Feb 2020 04:37 AM PST