• Novatti Payments Australia promotes CryptoSpend Visa cards (NYSE:).
• CryptoSpend Visa Card will allow you to buy XRP, BTC and BCH as well LTC.
• Current stages of expert discovery are underway in the SEC case against.

When a partnership is successful, it’s said that other partners will follow. For the last months, Novatti Payments and Ripple have been a success story. Novatti, which has completed a $40million capital raise during the September quarter is now focused on offering new payment services.

Novatti — a company that uses Ripple (XRP) for on-demand liquidity, begins promoting CryptoSpend Visa cards in Australia. The announcement states that the CryptoSpend Visa Card supports five cryptocurrency at this time.

CryptoSpend is a bridge between cryptocurrency and Australian banks. The CryptoSpend Visa Card will accept Ripple (XRP), Ripple (BTC), Ripple (BCH), Ripple (ETH), Ripple (LTC).

Novatti is taking a stand in support of crypto payments. Novatti is an Australian Fintech Company that allows businesses to pay, and then be paid.

Surprisingly, 2022 was a year full of mega-rounds. Deals tripled in Q3 2021 YoY (Year-over Year) and increased 147%. This is the year with the largest YoY valuation growth. It was also the second highest quarter for fintech funding.

Novatti and Ripple are a solid business alliance, which was established in December 2020. Novatti has recently expanded its Ripple partnership to Thailand. Novatti’s RippleNet will handle thousands of transactions each month.

Information on the Ripple, and the SEC Lawsuit

According to Ripple’s press release, the parties have so far submitted all necessary documents and received testimonies. This concludes the fact discovery stage on August 31, 2021. However, this case is still in the expert discovery phase.

This is a stage where U.S. Securities and Exchange Commission and Ripple trades export their opinions on different aspects of the case. The SEC is requesting an extension. The court however has granted an extension to the SEC for expert discovery until mid-January 2022.

Thankfully, XRP’s price is gradually bouncing back, especially since the On-Demand Liquidity (ODL) adoption. Ripple has reported that they have doubled their transactions volume over last year. ODL transactions also increased by 130% quarter-over-quarter.

Ripple’s (XRP) trading volume in the last 24 hours is up 36.06% and presently trades at $1.10. Ripple is still a viable platform for business partnerships. Both parties are likely to make more announcements in light of Novatti. The outcome of Ripple’s SEC lawsuit is still to be seen.

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