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.
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