Ripple Endorses Bittrex, Bitso, And Coins.ph

Nishanth Shetty

August 17, 2018 4:02 pm

Ripple News

Ripple Endorses Bittrex, Bitso, And Coins.ph | Coindelite News
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According to the reports, Ripple has endorsed three digital currency exchanges to transact with its xRapid payments service, which uses Ripple (XRP).

The three crypto exchanges, Bittrex, Bitso, and Coins.ph are Ripple’s “preferred digital asset exchanges.” The endorsement proposes to build the XRP ecosystem.

Cory Johnson, Chief Markets Strategist Ripple, told that the company is appreciating all of its clients in the U.S., Mexico and the Philippines. The firm is informing those countries to use these three crypto exchanges. The endorsement also includes provision for sending funds using its xRapid service.

Cory Johnson stated:

“So in the U.S., we’re saying the gold standard, our official partner is Bittrex. So any bank can go to Bittrex and have guaranteed liquidity on the spot, trade their dollars for XRP, zip over to Mexico to Bitso, our preferred partner there, and convert [to Mexican pesos].”

He described that financial institutions should have accounts with the exchanges for converting U.S. dollars or Mexican Pesos or Philippine Pesos. He revealed that these exchanges were selected due to their holdings.

There are plenty of companies in the world that use XRP. The firm is identifying three other [exchanges] which have a lot of XRP liquidity. Johnson announced that more exchanges would be included in the coming days.

He included:

“The corridors we’re focused on [are] organic. We want to focus on busy corridors. We want to focus on places where there’s a very vibrant XRP marketplace, and we want to focus on places where we can have the most value.”

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