This Week’s Ripple (XRP) Cryptocurrency Developments Lead to Quality Gains
XRP has increased four percent within 24 hours, despite of the bear market. Pegged as the world’s third-largest cryptocurrency, XRP has added names like Bill Clinton and Madonna and it has also gotten involved with social causes.
XRP has also been adopted as the base currency on DCEX and Unocoin exchanges.
According to a statement released by DCEX,
“XRP blockchain transactions typically settle in under four seconds, allowing for faster multi-exchange strategies and providing a speed advantage over other movement options.”
The exchange added, concerning its plans to offer investors the benefit of low transactions costs and plans to launch the exchange with 15 trading pairs,
“[XRP would provide] new conversion pathways for market participants and gives traders easy ways to access many of the top cryptocurrencies.”
An Indian crypto exchange also plans to offer XRP as the base currency.
At Swell, Ripple’s global payments tech conference, former US President Bill Clinton plans on speaking. Gene Sperling of the National Economic Council Director will moderate the Q and Q session.
Ripple’s pro-society efforts are not new – it has been recognized for donating to the education sector and it has also partnered with Madonna to promote her non-profit organization Raising Malawi. According to Eric van Miltenburg, the SPV of Ripple’s Business Operations
“We’re honored to be a part of Raising Malwai’s amazing work with some of the world’s most underserved children and are grateful to our investors at Sound Ventures for making the introduction to us and this important cause.”
As for Coinshare, the trading platform recently listed XRP on its platform. However, it is only a beta version and there is no withdrawal feature available. At least users can trade for fiat and other currencies. The platform mentioned, “While we’re excited about this launch, we also recognize it’s been a long wait, and we want to apologize for the delays and lack of communication. We appreciate everyone’s patience with us and commit to doing better going forward.”
In terms of countries trading XRP, Ripple’s Chief Market Strategist Cory Johnson stated, “Malta – not South Korea – is now the leading trading of #XRP.” Malta is known for its crypto-friendly stance. The country recently passed three laws favoring blockchain and it has one of the largest bitcoin exchanges, Binance. As a result, it is not surprising that XRP is performing well there.