Bitstamp adds Ripple currency XRP to trading toneel – Business Insider

By Gertrude Chavez-Dreyfuss

Fresh YORK (Reuters) – One of the leading European-based bitcoin exchanges is adding another virtual currency to the bitcoins already traded on its verhoging.

Ripple, a U.S.-based provider of blockchain-based banking payments technology, said on Tuesday its digital currency XRP will commence trading on Bitstamp on Jan. 17.

Ter a blog posted on Ripple’s webstek, the company said the XRP/euro and XRP/dollar currency pairs will be available to all customers and regions presently supported by Bitstamp. Payment processors can utilize XRP to facilitate cross-border payments to and from Europe.

XRP wasgoed created specifically for institutional settlement te seconds. Spil evidenced by the latest trial with XRP for interbank cross-border payments, the use of Ripple and XRP can enable both cost-cutting and revenue opportunities for participating institutions, Ripple said.

Nejc KodriДЌ, CEO at Bitstamp, said after evaluating a number of digital currencies for inclusion on its trading toneel, it wasgoed clear that customer request for XRP wasgoed particularly strong.

Bitcoin is similar to XRP, but is more popular with non-banking customers. It can also budge money around the world quickly and anonymously without the need for a central authority. That makes it attractive to those seeking to get around stringent capital controls te countries like China, for example.

But bitcoin, for now, is more valuable having bot around since 2009, last trading at $907.43. Its market cap wasgoed valued at $14.7 billion and overheen the last 24 hours, volume totaled almost $120 million, according to coinmarketcap.com.

XRP presently is valued at less than one U.S. cent, but it is the third largest digital currency te terms of market capitalization omschrijving to $245.Two million. Volume overheen the last 24 hours wasgoed about $Two.Two million.

The 2nd largest digital currency is ethereum, a blockchain-based application verhoging, which last traded at $Ten.58 and a market cap of $928 million. Ripple also said Bitstamp, which is fully licensed to work te all 28 EU member states, is the very first playmate exchange for Ripple’s XRP incentive program. The incentive program, designed to increase liquidity and tighten spreads, will suggest rebates and compensation to qualifying liquidity providers ter XRP pairs at fucking partner exchanges.

Blockchain is bitcoin’s underlying technology, enabling gegevens sharing across a network of individual computers. It has gained immense popularity because it can record and track assets across all industries.

(Reporting by Gertrude Chavez-Dreyfuss, Editing by Lisa Shumaker)

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