Crypto exchange Binance has completed the integration of the Bitcoin Lightning Network on its platform, a response to a surge in transaction fees in May that caused a backlog of pending transactions. Meanwhile, the crypto exchange has reportedly laid off 1,000 staff, and the trading volume of XRP (XRP) on the South Korean crypto exchange Upbit recently surpassed that of Bitcoin (BTC). XRP’s momentum could extend into cross-border payments once again after a United States federal judge ruled in favor of Ripple Labs in its ongoing legal battle with the Securities and Exchange Commission (SEC).
With Ripple Labs scoring a partial victory in its legal battle with the SEC, the XRP token could be poised for wider adoption in cross-border transactions, according to Stu Alderoty, Ripple Labs’ chief legal officer.