Ripa Exchange – An ARK Blockchain-Based Platform
Ripa Exchange is a crypto-supporting, decentralized platform that aims to limit the entry of new exchanges and instead, focus on offering users a safe and secure trading platform that is easy to use and trustworthy. It is supposedly built off of an open source code called Peatio and Ripa Liquidity Service Provider (RLSP), which places importance on offering liquidity.
Security being one of the key factors that determine whether or not investors would want to join a specific cryptocurrency exchange has been emphasized by Ripa Exchange through AES256 encryption keys and Know-Your-Customer standards. In particular, the former was incorporated to prevent users’ data from being compromised due do unwanted attackers. Similarly, the latter claims to ensure that the exchange is compliant with existing rules on a country-to-country basis.
Here is a breakdown of some of Ripa Exchange’s notable features:
1. Open Source
As previously noted, the Ripa Exchange’s foundation is the open source protocol, Peatio. It seems to be preferable because of its ability to allow for a customizable crypto solution, with easy connection to the KYC/AML authentication and other services.
2. Proof of Solvency
Peatio functions based on the Proof-of-Solvency (PoS), which permits its users to verify solvency without compromising neither one’s data nor one’s privacy. In addition, users also have a friendly registration and login interface, as well as a “personalized deposit and withdraw procedure” supported by the PoS.
Multiple accounts can be established via the Ripa Exchange, which also supports a wide range of cryptocurrencies.
4. Ripa Exchange Trading Console
The Ripa Exchange Trading Console has been proclaimed as “a fully responsive trading UI built with responsive design.” This has been done to save one’s time and money, while increasing convenience to users whether it means through a desktop or mobile format.
The team behind Ripa Exchange strongly believe that establishing an exchange shouldn’t be a difficult task, what they believe is the hard part “is to give platinum support to your clients, comply with international regulations and have reliable banking partners to operate with.” They further added that focus should be given to the “code and liquidity” more than anything to be able to offer a service that is “free of charge”.