Ripple (XRP) is one of the most popular crypto coins, which have stunned the world via the massive increase in the value of the token in 2017. Despite major criticism on crypto and regulations instituted by many large economies, the currency has kept growing. Many major companies have already adopted its platform.
Large banks and financial institutions have already adopted the ripple platform. Even remittance companies have adopted it for payment processing purposes. In the Ripple network, global transactions take place in seconds. This is as opposed to the current financial system where a global transaction takes place in days. It might even take longer if even a simple glitch occurs.
CoinFlux now Supports Ripple
Almost all major crypto exchanges have extended support for the Ripple platform and its token XRP.
CoinFLux, which is a top exchange that operates in Romania, recently announced that it would add Ripple to its trading platform. The official announcement by the company confirmed that it had done so in response to customer demand. To be allowed to trade Ripple, all customers need to do is have an account with the exchange. To trade in Ripple, the transaction needs to be equal to or larger than 30 EUR.
Ripple is a global payments platform that has revolutionized the financial world. The global business transactions that used to take days with conventional money transfer systems can now take three seconds on Ripple. All the companies that utilize Ripple are connected via the Ripple blockchain. For some time now, CoinFlux has also been experimenting with the Ripple Network. CoinFlux was established in 2015. It recently re-invented itself and changed the UI and design. It helps users to trade crypto with each other and with fiat currencies such as RON or Leu.
It’s Nothing But Up for Ripple
Ripple XRP is achieving its goal of going global slowly but surely. The crypto coin is just waiting for the decision by the SEC for it to list on CoinFLux. There is very little chance of that approval not going through.
XRP is well established in Japan. This is after SBI Holdings, a major Ripple partner, opened their platform to the public. The Japanese financial giant has an in-house crypto trading platform. It is the first bank-backed crypto exchange in the world. Investors in Japan are able to trade with Bitcoin, XRP, and BCH against the Yen. At first, the exchange only allowed trade in XRP. However, BTC and BCH were later added.
The CEO and president of SBI Group, Yoshitaka Kitao, said he thinks that the use of Ripple will only continue to grow. He believes that Ripple will be adopted globally, which will help to revolutionize how global transactions take place.
The reason for his belief is because Ripple is cheaper, faster, and more scalable than all other digital assets. According to him, it is only time until Ripple becomes the global standard for crypto. With Ripple, it is possible to make instant and cheap cross-border payments.