Blockchain Firms Ripple, R3 File Dueling Lawsuits Over Crypto Contract Dispute

The initial account of the controversial account has become involved in a new legal battle between Ripple and R3, both at the beginning of a lawsuit dispute related to the agreement between the two agencies.

R3 failed to sign an agreement on a complaint filed today in the California Supreme Court, of which 5 billion XRP purchases were included, CryptoCurrenes of Replel's controversial account network According to Reuters, Reuters Delaware has asked the Chancery Court to comply with this agreement, which will buy XRP at the value of 0.0085 dollars per token before September 2015.

Currently, XRP is currently trading at about $ 0.21, according to the data from CoinMarketCap.

A copy of the complaint of R3 was not available during the press release. According to Ripple's complaint, R3 and Ripple hit a deal to create a joint commercial venture, which would be followed before the exam, centered around XRP, that involved consolidation of R3 consortium involving many banks involved

The complaint failed to complete the rejections of Ravel's alleged R3 because the vapor was picked up for its fundraising efforts, eventually the spring was declared with a fund of $ 107 million.

Ripley also acknowledges the allegation of R3 alleging that some members of Goldman Sachs and Banano Santander are trying to get out of the group despite the commitment to XRR to banks associated with the banks.

A spokesman for the Replel said in a statement to Sinadack:

"Our files are straightforward - R3 expresses their power and intentions for their commitment." XRP is increased by 4000% annually in a year, R3 suddenly wants to tap the value of XRP, although the events are clear that they do not have any option based on our agreement, we hear them well, as long as they try and launch their suggestions Do it. Meanwhile, Ripley has focused on offering up to 100 customers and signing up for more. "

When reached, a representative of the R3 refused specific offers regarding the case, but threw an optimistic note about the hope of the firm's determination.

"R3 has discussed details about the pending case," the spokesman said. "We are confident in our position and expectation for a quick resolution on this matter."

A significant one in the case, R3 and Ripple are two of the best fundraising startups in the industry and given to both focus primarily on their products toward financial institutions. R3 and Ripple were raised in Venture capital, respectively, $ 107 million and $ 96 million.