XRP United has officially launched a digital currency exchange based on Ripple’s XRP token. The platform aims to validate XRP as a base currency in the asset, commodities, and fiat currency markets.
Twitter user @BankXRP announced today the launching of ‘the first full XRP-based exchange.’
XRP United, as it is known, currently features three XRP trading pairs — with Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) — and will be adding Monero (XMR) shortly in the future.
It should be noted that this exchange is in no way officially related to the actual Ripple company. Instead, it is operated by ‘XRP United Oü’ and appears to be registered with the Estonian Financial Intelligence Unit (FIU).
In its dramatic introduction trailer, XRP United, presumably in the future, claims that XRP used on its platform would be ‘fully exchangeable with any currency, asset, or commodity.’ Depending on when and if that actually happens, it could potentially give a significant boost to the price of the third-ranked, not-so-decentralized cryptocurrency.
More good news came to Ripple fans today when the New York State Department Of Financial Services (DFS) announced the approval of the Coinbase Trust.The First Full XRP Based Exchange now LIVE
— 𝗕𝗮𝗻𝗸 𝑿𝑹𝑷 (@BankXRP) October 23, 2018
XRP United – Launch Video #xrpthebase https://t.co/CHyRCLdbG8 #Ripple #XRP
ON DISCORD https://t.co/1kVqSwCMpH pic.twitter.com/3M40tI8hER
A Little T&A
XRP joined in the 2017 bull run, taking off from $0.22 in November to the $3 level by the end of December. The price has slipped back in the nearly 11-months since, reaching a 2018 low in September of $0.25. After the announcement of Ripple’s cross-border payment solution xRapid, the price launched to a peak of $0.79 before a bit of correcting back to its current price of $0.47.
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Kyle Baird
Kyle migrated from the East Coast USA to South-East Asia after graduating from Pennsylvania's East Stroudsburg University with a Bachelor of Science degree in 2010. Following in the footsteps of his grandfather, Kyle got his start buying stocks and precious metals in his teens. This sparked his interest in learning and writing about cryptocurrencies. He started as a copywriter for Bitcoinist in 2016 before taking on an editor's role at BeInCrypto at the beginning of 2018.
Kyle migrated from the East Coast USA to South-East Asia after graduating from Pennsylvania's East Stroudsburg University with a Bachelor of Science degree in 2010. Following in the footsteps of his grandfather, Kyle got his start buying stocks and precious metals in his teens. This sparked his interest in learning and writing about cryptocurrencies. He started as a copywriter for Bitcoinist in 2016 before taking on an editor's role at BeInCrypto at the beginning of 2018.
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