Ripple’s XRP is truly achieving its goal to go global. The cryptocurrency which is currently awaiting a decision from the SEC has been listed in a Romanian exchange. XRP has proved its worth several times over, despite the barrage of criticism from the naysayers in the crypto community. Ripple’s digital currency and software are being adopted widely by several companies across the globe.
XRP recently got a strong foothold in Japan after Ripple partner SBI Holdings opened their trading platform to the public. The Japanese financial giant’s in-house cryptocurrency trading platform is the world’s first bank-backed cryptocurrency exchange. Japanese investors can trade with XRP, Bitcoin (BTC) and Bitcoin Cash (BCH) against the Japanese Yen at VCTRADE. Initially, the exchange was launched exclusively with Ripple’s native token, but Bitcoin and Bitcoin Cash were added later on.
Yoshitaka Kitao, the president and CEO of SBI Group thinks that XRP usage will become inevitable in future. He believes that the coin will be adopted globally because of how it’s revolutionizing the completion of global transactions. He said,
“XRP is faster, cheaper and more scalable than any other digital asset. I strongly believe it will become the global standard in digital currencies.”
Ripple’s digital currency aims to make cross-border payments instant and cheaper. This has increased the coin’s adoption across various countries and has thus driven up the demand for the digital token. This is proved by the digital token getting listed on the leading Romanian digital asset exchange, Coinflux. According to the exchange officials, XRP was listed on their platform to meet their customers’ demands.
Of course, it isn’t as easy as you go in, fill your shopping cart full of Ripple’s digital token and walk out! The exchange has conditions which need to be fulfilled before investors can buy the digital coin. XRP investors looking to trade with the coin on the Romanian exchange platform need to have an active account with Coinflux. Moreover, the value of the transaction should either equal or be greater than €30 to trade using XRP.
Coinflux, which was established in 2015, has been experimenting with Ripple’s network. The exchange recently went through a rebranding exercise and changed its user interface and overall design. The Romanian exchange allows users to trade cryptocurrencies with one another. It also facilitates trading with fiat currencies like Leu or RON. With the SEC verdict fast approaching for Ripple, this positive news will definitely aid the coin.
Image via Ripple Coin News
Join our Telegram group