$type=grid$count=5$m=0$sn=0$rm=0$show=home

Binance Wants to Add Ripple’s xRapid as a Partner in Future, CZ Reveals

World’s largest crypto exchange Binance “definitely want[s] to add” Ripple’s xRapid as a partner in future, the firm’s CEO revealed.

The world’s largest crypto exchange Binance is considering a partnership with Ripple to use its cross-border payment platform xRapid, the company’s CEO Changpeng Zhao revealed in a Periscope live stream on Feb. 6.

Speaking in his first live stream ever, Zhao — better known as CZ in the crypto community — provided a clear message that Binance is “definitely” looking to partner with Ripple, whose native currency XRP is currently the largest altcoin by market cap.

However, CZ also claimed that xRapid is not a priority for the crypto exchange at the moment, clarifying that there is “nothing going on right now” for the exchange with xRapid, stating:

“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future we’ll definitely want to add them as a partner.”

Piloted in May 2018, and launched commercially in October, Ripple’s xRapid product represents a real-time settlement platform that is designed to speed up cross-border payments based on the liquidity of XRP.

As reported earlier today, during the same live stream, CZ suggested that crypto industry growth does not necessarily require the emergence of Bitcoin (BTC) Exchange Traded Funds — a development much-anticipated by many in the industry. Binance’s CEO further stressed that the industry will grow as more entrepreneurs bring forward real blockchain and crypto applications.

On Jan. 31, Binance launched support for credit card crypto purchases via its partnership with payment operator Simplex.

Also on Jan. 31, Japanese finance giant SBI Holdings recognized Ripple’s potential for cross-border payments in its nine-month financial report.

At press time, Ripple is up just slightly on the day, but down more than 5.5 percent over the past 7 days. The coin is trading at $0.292 by press time, with a market capitalization of around $12 billion, according to CoinMarketCap.

COMMENTS

By Readers$type=blogging$cate=2$count=6

Name

Analysis,498,News,2998,Press Releases,338,Sponsored,137,
ltr
item
CryptoNomus: Binance Wants to Add Ripple’s xRapid as a Partner in Future, CZ Reveals
Binance Wants to Add Ripple’s xRapid as a Partner in Future, CZ Reveals
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hZmQ0Y2JkYzc3ZmFmYjRlODRhMjJkOWUzZjVmNTkyYy5qcGc=.jpg
CryptoNomus
https://www.cryptonom.us/2019/02/binance-wants-to-add-ripples-xrapid-as.html
https://www.cryptonom.us/
https://www.cryptonom.us/
https://www.cryptonom.us/2019/02/binance-wants-to-add-ripples-xrapid-as.html
true
4884201149675661183
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy