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How Nov. 8 Could Be the Most Important Day in Ripple’s History

2 mins
By Zerelik Maciej
Translated Harsh Notariya
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In Brief

  • Ripple's Swell event on Nov. 8 and 9 may entail significant announcements like Initial Public Offering (IPO) and VARA license in the UAE.
  • Community speculates that Ripple's role in the world of digital currencies and possible partnerships may be revealed during the event.
  • A potential settlement between Ripple and the SEC could be announced, which could potentially have a significant impact XRP's price.
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Dubai is preparing for the Ripple Swell 2023 event scheduled for Nov. 8 and 9. But why are expectations higher than ever for this event? 

Ripple experts and community members are speculating intensely. Let’s take a look at the most important predictions and speculations.

Possible Announcement of IPO and License During Ripple Swell Event

There have been constant rumors about Ripple possibly announcing an Initial Public Offering (IPO). Despite previous legal difficulties, the conference could be very interesting. The recent recruitment announcement for the position of senior shareholder communications manager reinforces this idea.

Read more: Essential Tips for Writing a Web3 Resume That Will Land You the Job

Euro CBDC on Its Way, Ripple IPO Rumor. Source: YouTube

Rumor also has it that Ripple’s application for a Virtual Asset Regulatory Authority (VARA) license in the United Arab Emirates could be on the cards. Given that Henson Orser, CEO of VARA, was present at the event and Ripple’s recent moves in Dubai, it is possible that an official announcement will happen.

An X (Twitter) user, WrathofKahneman, wrote:

This year’s SWELL may be very significant. Don’t know what might be announced, but there are possibilities:

IPO
VARA license
CBDC
Stablecoin/tokenization
New users(!) – after a year of silence, we may gain more detail if #Ripple still considers itself primarily a payment company.

CBDC and Settlement With SEC

Central banks around the world are increasingly focusing on digital currencies. Ripple can play a key role in this matter. It will be interesting to see what insights and possible partnerships Ripple reveals during the Swell event.

Another prediction is a possible settlement between Ripple and the SEC. Perhaps we will also receive some important announcements regarding this matter.

Even though the Ripple Swell event was not particularly advertised, announcements during the event can have a significant impact on the price of XRP. As of writing, XRP is trading at $0.604355, down by 0.31% in the past 24 hours.

Read more: How To Buy XRP and Everything You Need To Know

XRP, Ripple Swell, Dubai VARA
XRP price. Source: BeInCrypto

Do you have anything to say about the Ripple Swell event or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Top crypto platforms in the US | February 2024

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Harsh Notariya
Harsh Notariya excels in delivering SEO-optimized crypto news under tight deadlines. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.
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