The largest crypto exchange in the world Binance, is considering a partnership with Ripple according to CEO Chengpeng Zhao’s in order to use its cross-border payment platform xRapid so let’s find out more about this new partnership in today’s crypto news.
While talking on a live stream, Zhao or better known as CZ said that Binance is definitely considering a partnership with Ripple since XRP is currently the largest altcoin by market cap.
He confirmed that xRapid is not actually a priority for Binance but he said that:
“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.”
Ripple’s xRapid was launched officially in October after piloting in May 2018 and represents a real-time settlement platform that aims to speed up the cross-border payments based XRP liquidity. During the same live stream, CZ suggested that the growth of the crypto industry doesn’t actually require the emergence of bitcoin exchange-traded funds which is a much-anticipated development in the industry. CZ also pointed out the industry will grow if entrepreneurs bring real blockchain applications on the market.
Binance has started providing support for credit card crypto purchases on December 31 after it partnered with the payment operator Simplex.
Currently, Ripple is up slightly for the day but down by 5 percent over the past 7 days and is trading at $0.292 at press time with a market cap of $12 billion.
Five Altcoins To Watch This Spring Besides Bitcoin: Analysis
Ripple’s XRP Token Is Officially The Worst-Performing Asset Of 2019
Tron Casino Goes Missing, Players Left With Worthless Tokens
The Great Altcoin Boom May Be Around The Corner
“Rug pull senses tingling. I managed to make it here up in $BTC, up in $USD. Going to keep it that way – tethering ~75% of my $crypto holdings. Playing with the rest. Maybe I get left behind, but I don’t think so.”Despite Bitcoin's increased dominance which now sits at its all-time high of 54.2%, the technical perspectives show that the great altcoin boom on the market is likely to produce a boost - and that the future altcoin news may show us a lot of new capital and confidence from investors. However, this altcoin boom is only possible if Bitcoin sees a strong upside movement and stabilizes above the crucial resistance levels. Currently, the daily spot volume of BTC is at around $580 billion which is still a big up since the first week of March - and a good sign that the great altcoin boom may be around the corner.
Join us on Facebook
- Five Altcoins To Watch This Spring Besides Bitcoin: Analysis
- Philip Morris Tobacco Producer To Develop A Public Blockchain
- Crypto Criminals Prefer Bitcoin According To Blockchain Forensics
- Ripple’s XRP Token Is Officially The Worst-Performing Asset Of 2019
- Tron Casino Goes Missing, Players Left With Worthless Tokens
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News4 days ago
Serena Williams Gold Medals Winner Invested In Crypto Exchange Coinbase
Altcoin News3 days ago
Crypto Traders Are Leaving Other Altcoins To Buy Bitcoin, Why?
Altcoin News1 day ago
Euro Poll: Cryptocurrencies Will Still Be Around In Ten Years Time
Altcoin News2 days ago
New Crypto Survey Shows Mixed Opinions By 10,000 Respondents
Bitcoin News1 day ago
The Identity Of Satoshi Won’t Be Revealed Soon By John McAfee
Bitcoin News2 days ago
Bitcoin Dominance Hits 4 Month High, Climbing At 54.2%
Altcoin News1 day ago
Tron Foundation CEO Will Reportedly Partner With FC Liverpool
Blockchain News1 day ago
Coinbase Engineers Get Laid Off After Chicago Office Shuts Down