According to CNBC, Ripple General Counsel Stu Alderoty said in an interview recently that the company expects to begin negotiations with US financial companies on the use of its ODL product, which uses XRP for transfers, in the third quarter.
“I think we hope that this decision will at least give clients or potential clients of financial institutions some peace of mind to start having conversations about the issues that they have in their businesses, which is the realities of moving value across borders without incurring huge fees,” Alderoty said of the recent ruling on XRP.
He added: “Hopefully we’ll have a lot of conversations with customers in the U.S. this quarter and expect some of those conversations to actually convert into business.”
Most of Ripple's business now comes from outside the United States, and Alderoty added: "(Ripple's) customers and revenue are driven by markets outside the United States, although we still have many employees in the United States." It is reported that Ripple has more than 750 employees worldwide, about half of whom are in the United States.
It is worth mentioning that although the judge said XRP is not a security, some token sales (such as sales to institutions) do meet the conditions of securities transactions. Alderoty admitted that this is not a complete victory for Ripple, and the company will study this decision in due course to see how it affects its business.