#1 Source for BlockChain News

Category archive

DCEX uses Ripple tech

TransferGo Ripple Technology Integration | Speeding Things Up

More and more people, companies, and firms are starting to explore Ripple technology. DCEX uses Ripple tech, and now payments provider TransferGo has started too. Well, that’s according to a September 5th press release documenting the TransferGo Ripple technology integration, that is.

TransferGo Ripple Technology Integration: A Smart Move?

On Wednesday, TransferGo announced that it will be rolling out a remittance corridor to India. How? By using Ripple technology. Perhaps the most well-known thing about Ripple tech is that it allows for real-time transactions, which is likely one of the reasons TransferGo decided to make this move.

Right now it’s unclear which Ripple technology the payments provider will use, but at this point, it doesn’t matter. We know everything we need to know: the technology is going to allow TransferGo to replace its slow communications systems, like Swift. And it’s going to give the company more credit in India, as there’s been a massive India Ripple adoption recently.

Who Will Benefit?

Aside from TransferGo itself (this integration “opens up new horizons”), customers of the payments provider will, thanks to Ripple tech, be able to “send money to family and friends,” as well as “make international payments immediately.”

Not the Only Move

Though details were scarce, it is evident that the TransferGo Ripple technology integration is massive news. But it’s not the only crypto/blockchain announcement we’re going to be seeing from TransferGo. In fact, the provider even said this is just the start of its remittances that are blockchain-based.

XRP Price

Though Ripple and XRP are not connected, it’s difficult to talk about Ripple tech without thinking about where XRP is sitting on the market.

At press time, XRP is plunging in the double-digits. Selling for $0.297, XRP is down 10.61%. All of the top-ten coins are in the red zone, with Ethereum (ETH) down just over 13%.

>> Goldman Sachs Confirms that It is NOT Focusing on a Cryptocurrency Trading Desk

The Takeaway

What do you think about the TransferGo Ripple technology integration?

Featured Image: Facebook

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

DCEX Uses Ripple Tech | The Exchange Based on Ripple (XRP)

DCEX uses Ripple tech, entering the crypto market as a brand new decentralized cryptocurrency marketplace with Ripple (XRP) at its core.

According to a press release published yesterday, the San Francisco-based platform just opened registration for institutional and retail investors.

DCEX Uses Ripple Tech

The new platform was developed by the blockchain firm AlphaPoint and in its beginning stages will offer only 15 different cryptocurrency to cryptocurrency trading pairs, all against XRP—the base trading crypto on DCEX.

The 15 cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), EOS, IOTA (MIOTA), and ZCash (ZEC). In addition to the 15 already supported on DCEX, the company plans to add Cardano (ADA) and NEO in the near future as well.

Some more exciting news is that DCEX will make all of these assets included in the Bloomberg Glaxay Crypto Index. This index tracks the most ‘liquid’ cryptocurrencies and presents itself as an institutional benchmark for the cryptocurrency market.

Since DCEX was built on Ripple technology, it only makes sense that XRP would be its base currency. According to the press release, DCEX believes that using XRP as its base allows for high-speed transfers that will help users on the platform take advantage of price inefficiencies.

The marketplace claims that it can currently facilitate up to one million transactions per second. DCEX is registered with FINCEN but has yet to take its initial steps to becoming fully US Securities and Exchange Commission (SEC) compliant. It remains unknown how this will affect its launch and if the marketplace could get shut down due to lack of regulatory due diligence.

Decentralized cryptocurrency exchanges are gaining traction in the cryptocurrency space, and DCEX must move quickly to become a top-dog in the space.

Ripple (XRP) Price Movement

According to CoinMarketCap, XRP is still the third largest cryptocurrency by market cap, which is sitting just above $17 billion. At press time, Ripple (XRP) is trading at $0.438 a coin, down -1.03% in 24 hours.

>> Huobi Lists Verge (XVG), Price Increases: Getting the Ball Rolling

Featured Image: Depositphotos/© mdkhalil1

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Go to Top
%d bloggers like this: