Australian Crypto Exchange Launching XRP Trading Pairs Because XRP Is a ‘High-Quality’ Digital Currency

Independent Reserve, Australia's first regulated digital currency exchange, is reportedly launching XRP trading pairs on 7 July 2018.

Indepedent Reserve, which is based in Sydney, on 3 April 2018, became the first crypto exchange in Australia to to be regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC), which has the task of ensuring (among other things) that all crypto exchanges dealing with fiat currency follow certain rules, such as AML and KYC. 

Currently, this exchange supports Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ether (ETH), but from 7 July 2018, it is adding support for XRP.

According to CEO Adrian Przelozny, Independent Reserve will be supporting buy/selling of XRP for both retail investors (via the exchange) and institutional investors (via an OTC desk). Here is how he explained the reasons for adding support for XRP:

"The addition of XRP is in line with our strategy of adding high-quality digital currencies in a thoughtful and measured way... There is a wide universe of digital currencies out there now, but to be listed on Independent Reserve they need to meet a range of criteria including quality, stability and volume metrics. Our clientele have been requesting XRP and we felt this timing was right to offer it to them.”

XRP will be available to trade on Independent Reserve at 7pm on 7 July. The following tradings will be offered: XRP/AUD, XRP/NZD, XRP/USD, XRP/BTC, XRP/ETH, XRP/LTC, and XRP/BCH.

For the first two weeks, commission on all XRP trades will only be 0.1%.

 

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Ripple Named One of CNBC’s Most Disruptive Companies

Michael LaVere
  • Payment protocol startup Ripple has been named one of the top 50 most disruptive companies by CNBC.
  • Ripple was identified for its value as a "crypto answer to money transfer."

Blockchain payment protocol startup Ripple has been named one of the most disruptive companies by CNBC. 

According to the eighth annual Disruptor 50 list compiled by CNBC, Ripple, the parent company behind the crypto-asset XRP, has been named a top company.

The report identifies private companies whose breakthroughs are “influencing business” and market competition at an “accelerated pace.” 

In addition to market disruption, the report claims the Disruptor 50 companies are poised to emerge from the coronavirus with “tech platforms that have the power to dominate.”

The report continues, 

The start-ups making the 2020 Disruptor list are at the epicenter of a world changing in previously unimaginable ways, turning ideas in cybersecurity, education, health IT, logistics/delivery, fintech and agriculture into a new wave of billion-dollar businesses.

According to CNBC, Ripple ranked 28th on the list and was highlighted as a “crypto answer to money transfer.”

Of the fifty disruptive companies, thirty-six have already crossed the $1 billion valuation mark, raising a collective $74 billion in venture capital. Thirty-seven of the companies have continued to hire new employees since the pandemic started, with nineteen pivoting their products or launches to meet the challenges imposed by COVID-19. 

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