Tag: Ripple (XRP)

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Ripple (XRP) Listed On Independence Reserve, An Australian Cryptocurrency Exchange Platform

Ripple (XRP) is on the brink of getting listed on Independence Reserve, a 100% regulated Australian cryptocurrency exchange, as the exchange itself reported a few days ago. Apparently, since July 7th XRP is available on the before-mentioned crypto trading platform and can be exchanged against USD, AUD, and NZD.

Ripple (XRP) listed on Independence Reserve, an Australian crypto trading platform

Independence Reserve will also allow Ripple (XRP) trades against Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). For the beginning, to attract more XRP traders, the Australian cryptocurrency exchange is offering a special XRP-trading fee of only 0.1%.

We are excited to announce the imminent launch of our fifth cryptocurrency – Ripple XRP. XRP is the native currency of the Ripple Transaction Protocol. It is primarily used as a bridge currency for when two entities wish to trade different currencies where no pair exists.

Independence Reserve cryptocurrency exchange platform

According to the Australian crypto trading platform’s CEO, Adrian Przelozny, listing XRP came as a logical step in the company’s “strategy of adding high-quality digital currencies in a thoughtful and measured way.”

“Our clientele has been requesting Ripple (XRP), and we felt this timing was right to offer it to them,” he added.

Independence Reserve is the first Australian cryptocurrency exchange platform to be completely regulated and legal

The Australian Transaction Reports and Analysis Centre (AUSTRAC), the body that is responsible for cryptocurrency monitoring and regulations in Australia, approved Independence Reserve crypto trading platform and asserted that the platform is obeying the Australian legislation regarding cryptocurrency exchange to the letter.

Besides Independence Reserve, which is fully authorized as a cryptocurrency exchange platform, every crypto trading platform that operates in Australia has to register with AUSTRAC before commencing operations. This regulation became valid in April 2018 and also implies that every crypto-related company should also comply with the anti-money laundering (AML) legislation and counter-terrorism financing laws.

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Crypto News

Ripple (XRP) Supported On Wirex App After The Latest Update

The Wirex App, a cryptocurrency-friendly accounts service provider, as they describe themselves, will add support for Ripple (XRP) to their app in the coming days.

Wirex is a platform that provides cryptocurrency wallets that are connected to physical and virtual debit cards, crypto exchange, as well as fiat money buying and payment solutions. As of 2017, Wirex platform has 900,000 customers in more than 130 countries. Overall, Wirex focuses on combining the global acceptance of traditional payment systems with the speed and cost-effectiveness of cryptocurrency.

Wirex App features

Among the features that Wirex has, noteworthy are the following:

  • Cryptocurrency wallets and fiat money accounts are on a single platform;
  • Money transfers are free;
  • Multi-currency exchange possibility using GBP, USD, EUR, and crypto;
  • Deposits and withdrawals between local banks are accepted;
  • Mobile and desktop access;
  • International deposit;
  • Wirex Wallet supports more than 50 currencies;

Wirex cryptocurrency-friendly accounts come with a specific account number and ranking code located in dozens of countries worldwide. Deposit transfers are made using SWIFT and IBAN from the UK.

Opening a Wirex account allows users to use a virtual payment card to make online payments using cryptocurrencies, and the UK Financial Authority also regulates the platform which also provides maximum security features.

Wirex App to add Ripple (XRP) soon

Wirex also has a cryptocurrency wallet functionality that allows users to purchase cryptos directly from their account or the stock market. These wallets are secured using Multi Signature technology, SSL encryption, and 2FA in both desktop and mobile variants. The Wirex Wallet supports more than 50 currencies.

Now, Ripple (XRP) got on Wirex platform.

We improve the Wirex application, making it faster and easier to use. To update the app, all mobile users will be automatically signed out of their accounts on Tuesday, July 3rd. To sign in again, they need to update the app from the App Store or Google Play. The update provides Ripple (XRP) wallet, faster application speed, and improved productivity.

Wirex team

At the time of this article, Ripple (XRP) is trading at $0.494, registering an appreciation of about 3.5%. Ripple (XRP) is currently ranking on the 3rd position in the cryptocurrencies market, with a market cap of approximately $19.4 billion.

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Crypto News

Ripple (XRP): Ripple And Bill Gates Foundation Keep On Helping People In Poor Countries

Ripple, the owner of Ripple (XRP) token, with its single market approach has achieved a significant level of growth. As xSpring CEO Daniel Aranda remarked, the team has decided to pursue the development of improved payment solutions and has already established over 150 partnerships worldwide. One of them is with the Bill Gates Foundation, a deal signed in 2017.

Ripple’s partnership with the Bill Gates Foundation

The Bill Gates Foundation is a program that aims to help improve people’s living conditions in several third-world countries but not limited to them. On this road to improvement, the Bill Gates Foundation teamed up with Ripple to use its technology and roll out the Mojaloop innovative software.

According to the World Bank, over 2 billion people are poverty-stricken, most of them due to lack of access to a bank account or other essential financial facilities.

Mojaloop is an open source application that can be adapted and used very comfortably by banks at low costs and with little hassle. During the development phase of this software, the project was financed by the Bill Gates Foundation and was established by FinTech enterprises, Ripple included.

The interoperability of digital payments has been the most difficult hurdle for the financial services industry to overcome. With Mojaloop, our technology partners have finally achieved a solution

Kosta Peric, Deputy Director of Financial Services at the Bill Gates Foundation

What the partnership with Bill Gates Foundation means for Ripple (XRP)?

As the Gates family privately owns the Bill Gates Foundation, the venture can quickly take the technology and uses of the blockchain to new heights. That signifies that the partnership with Ripple would not just impact the company and its blockchain and platforms, but also the Ripple (XRP) token.

Earlier, the Ripple (XRP) has crossed the $0.5000 level recording an 11.18% increase, but, at the moment of this writing, XRP returned slightly below this mark, as it is now trading at $0.496

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Ripple (XRP) – Ripple Plans To Secure Its Position In The Indian Remittance Market

A recent post on Ripple’s website explores the ways in which the company intends to get into Indian remittance market. Ripple appreciates how significant remittance payments have become in India since in recent years India has become the world’ s leading recipient of remittance payments, Ripple said, with $69 billion arriving in India via remittance payments services in 2017 only. The move could also benefit the Ripple (XRP) but not just yet.

The facts are clear. Indian financial institutions are a critical center both for the citizens of their country and for the global economy.

Ripple

Aiming to integrate into Indian remittance market fully, Ripple employs RippleNet in association with Kotak Mahindra Bank, a countrywide bank with over 1,300 offices. This alliance will permit Kotak to leverage the strengths of xCurrent to support more effective and quicker remittance settlements.

Kotak will use xCurrent for the instant disbursement of remittances to the country. The bank’s customers will be able to settle cross-border payments with end-to-end tracking while reducing payment times from days to minutes, all at a lower cost.

Ripple

Ripple with its RippleNet will secure its position within the Indian remittance market with the partnership with Kotak – Ripple (XRP) might emerge in India, soon

Kotak follows on the steps of other leading banks in the region which adopted RippleNet. Axis Bank began running on xCurrent in November 2017, while IndusInd reported that it would team up with the RippleNet network in February 2018.

That is just another illustration of how Ripple operates to generate partnerships with mainstream banking institutions. It is evident that Ripple has developed a technology that can genuinely upgrade the capabilities of a lot of banks, not just for the actual banks but for the banks’ clients, too. By doing so, Ripple blockchain and technology will create a solid brand reputation, which in turn will increase the likelihood of Ripple (XRP) adoption over time.

Although Kotak is not going to be keen on using Ripple (XRP) payments at this time, as new technologies become available within its systems, Ripple (XRP) could make its entrance into India’s mainstream banking system any time soon.

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Crypto News

Ripple (XRP) And Zcash (ZEC) Might Get On Coinbase

Ripple (XRP) and Coinbase rumors are still alive today, although this time some actual evidence is in the background of the speculations. According to some of the most recent news in this regard, it looks like Ripple (XRP) and Zcash (ZEC) might indeed be the next two cryptos to be added by the Coinbase cryptocurrency exchange platform.

As we’ve learned already, any cryptocurrency that reaches Coinbase cryptocurrency exchange platform benefits from it to the maximum, with greater adoption, increased trading volumes, and, eventually, its price would surge. That kind of exposure is what Ripple (XRP) wants for a long time now but without any luck. The same is also applicable for Zcash (ZEC).

Coinbase launched a new cryptocurrency donation platform which accepts XRP and ZEC, among others

Coinbase CEO Brian Armstrong has recently launched a new cryptocurrency charitable platform entitled Givecrypto.org. In this way, crypto holders can give away cryptos to help people experiencing a financial crisis.

Nevertheless, what’s very interesting regarding this new crypto donation platform is the cryptocurrencies that are accepted. The complete list includes Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Zcash (ZEC).

Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) are already listed on Coinbase cryptocurrency exchange, while Ripple (XRP) and Zcash (ZEC) aren’t.

Ripple (XRP) and Zcash (ZEC) could get on Coinbase cryptocurrency exchange platform

At the moment, nothing is suggesting that XRP and ZEC will make to Coinbase crypto exchange, as Coinbase is only connected to Givecrypto.org in the “background.” However, it would make sense for that to indeed happen, and here’s why.

The very list of accepted cryptocurrencies on Givecrypto.org indicates that Coinbase team knows that Ripple (XRP) and Zcash (ZEC) are two of the most-traded cryptos on the market, and both XRP and ZEC holders can give away some of their coins for a “noble cause.”

But, wouldn’t be stupid, to put it that way, that Coinbase to not list XRP and ZEC, thus, permitting users of Givecrypto.org to buy their Ripple (XRP) and Zcash (ZEC) from another place than Coinbase cryptocurrency exchange platform? In my opinion, Coinbase wants more and more trades and big investors, so they will soon ad both XRP and ZEC.

And, in the end, I guess listing Ripple (XRP) and Zcash (ZEC) on its subsidiary charity platform, Givecrypto.org, suggests that Coinbase plans to add these two very loved crypto soon.

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