Monerex, a fintech company focused on building a decentralized Web3 banking platform, is pushing ahead with its ambitions to become a top-tier Web3 bank despite continued complaints from the Securities and Exchange Commission (SEC) . The company said the legal challenge will not affect its roadmap. Monerex continues to highlight its commitment to decentralized finance, especially by leveraging the power of Ripple's XRP Ledger (XRPL).
Amid regulatory uncertainty, Monerex reaffirms its partnership with Ripple, solidifying its position in the Web3 banking space.
Despite the SEC's continued appeals, the Monerex team remains fully committed to becoming a leading Web3 bank, and this does not impact our roadmap. We believe in the power of decentralization, especially when building on XRPL. Our vision for the future of finance is…
— Monerex (@MonerexOfficial) October 3, 2024
XRPL is central to Manerex's future plans. Monerex aims to create secure, transparent, and accessible Web3 services as developed on a decentralized platform. Their vision for the future of finance is rooted in these values and they are resolutely committed to delivering solutions that transform the way users interact with the financial system.
Ripple’s role in Manerex’s future
Ripple plays a key role in Manerex's efforts. Monerex's partnership with XRP strengthens the company's goal of becoming an official on-demand liquidity (ODL) partner. The partnership will leverage Monerex's utility token, $MXI, as part of a broader plan to deliver cutting-edge Web3 financial services.
Manerex remains steadfast in its partnership with Ripple, confidently addressing the SEC complaint and shaping the future of decentralized finance.
Also read: Ripple and Mercado Bitcoin partners gentrify global payments
