It seems that Ripple CEO Brad Garlinghouse has kept his promise to users in March, and the company is actively developing not only various technologies like xRapid and xVia, but also increasing the liquidity of the altcoin.
The Ripple cryptocurrency (XRP) has been criticized more than once and has experienced ups and downs. Despite this, the coin now ranks third in capitalization and is included in the listing of the largest trading platforms.
Now Ripple is expanding its geography and will be traded on another 5 crypto exchanges.
India
One of the largest cryptoplatforms UnoDAX announced support for 4 cryptocurrency pairs with XRP/LTC, XRP/BTG, XRP/FUN and XRP/ZIL.
Australia
The first cryptocurrency platform Independent Reserve, based on Airmarshal's own platform, offers transactions with XRP for fiat currencies USD, AUD and NZD.
Japan
SBI Holdings Japan, Japan's financial giant is ready to launch the VCTRADE platform before the end of this month. Initially, the exchange only supported XRP as the main cryptocurrency, but now it has added BTC and BCH.
Estonia
DX Exchange is a crypto exchange representing a free trade model. The opening of the site is scheduled for July 25, and the number of registered users has already exceeded 500 thousand. XRP will be listed on the exchange from the very beginning of trading.
Russia
XRP also included in its listing the B2BX platform, a cryptocurrency exchange aggregator for institutional clients. XRP is traded in pairs with BTC, USDT and the platform's native B2B token.
According to Ripple's head of corporate affairs, Tom Channick, users are 24 times more likely to buy Ripple (XRP) this year than in 2017. Many experts agree that the coin is undervalued today. Such an intensive gain of positions in the listing of crypto exchanges will undoubtedly have a good impact on the rate and popularity of the token.
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Ripple works with the help of “gateways” - these are companies like Bitstamp, Gatehub, Tokyo JPY, Mr. Ripple. Gateways accept currency deposits from users and issue balances to the Ripple distributed ledger. Gateways are something like banks in this system, but they are united by one global register - the Ripple protocol. The Ripple protocol is based on a ledger that uses a consensus process, and this allows users to transact and exchange money in a distributed process.
There is a belief that XRP has no value
Yesterday a large amount of XRP (1 billion) was withdrawn. The transaction was recorded on the Bithumb exchanger, and the commission amount was a meager 0.000012 XRP.
