Regulation
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Air charter company TapJets has joined I-Remit with a request for a brief that will demonstrate the usefulness of the XRP token.
Private jet transportation company TapJets has filed a lawsuit to give blockchain company Ripple a helping hand in its legal battle with the US Securities and Exchange Commission.
This letter to the court must show the utility of the token, which was recognized by the SEC as a non-registered security.
TapJets, which accepts XRP in exchange for its services, says the payment option is “vital” because it allows flights to be booked outside of banking hours without any transaction limits for transfers. Thus, the company is able to provide its services in real time.
In the offer letter, TapJets insists that it has no financial relationship with the defendants in the case. However, the company says it has a vested interest in the outcome of the lawsuit because it has invested in the technology.
TapJets claims that its business will eventually suffer losses if the court recognizes XRP as a security, which will likely prevent it from using the token.
TapJets is the only company that allows you to instantly book private jet charter flights. Since the speed of using services is central to the company’s business model, it needs to continue to use the XRP token.
I-Remit, a Philippine money transfer company, has also applied for the amicus program to showcase the utility of XRP.
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