Crypto Exchange Bitrue Adds XRP-Based Pairs for ZIL, IOST, GNT, and ICX

On Wednesday (March 27), Singapore-headquartered cryptocurrency exchange Bitrue added XRP-based trading pairs for Zilliqa (ZIL), IOST, Golem (GNT), and ICON (ICX), which means that it now offers a total of 35 XRP-based trading pairs.

Bitrue, which was founded in 2018, has quickly become a favorite with members of the XRP community because of the high degree of enthusiasm, support, and transparency shown by its management towards XRP. What is interesting about Bitrue is that it supported XRP as a base currency on the day that its trading platform was launched (19 July 2018).

Here is how Bitrue announced today's news on Twitter:

2019 so far has been a great year for those members of the XRP community that use Bitrue since the exchange has been adding new XRP-based trading pairs at quite a rapid pace:

  • January 3rd: TRON TRX), Stellar (XLM), NEO, Gas (GAS), and OmiseGo (OMG).
  • January 4th: Bee Token (BEE).
  • January 11th: Holo (HOT), Pundi X (NPSX), district0x (DNT), and Propy (PRO).
  • January 18th: EOS, NEM (XEM), and Polymath (POLY).
  • January 28th: VeChain (VET).
  • March 15th: SHACoin (SHA).
  • March 24th: Dash (DASH), Basic Attention Token (BAT), and Storm (STORM).
  • March 27th: Zilliqa (ZIL), IOST, Golem (GNT), and ICON (ICX).

This means that Bitrue now offers a total of 35 XRP-based trading pairs:

BCH/XRP; ETC/XRP; GTO/XRP; GUSD/XRP; KNC/XRP; LINK/XRP; LTC/XRP; PAX/XRP; QKC/XRP; TUSD/XRP; WAN/XRP; WTC/XRP; ZRX/XRP; XRP/USDT;  TRX/XRP; XLM/XRP; NEO/XRP; GAS/XRP; OMG/XRP; BEE/XRP; HOT/XRP; NPXS/XRP; DNT/XRP; PRO/XRP; EOS/XRP; NEM/XRP; POLY/XRP; VET/XRP; SHA/XRP; DASH/XRP; BAT/XRP; STORM/XRP; ZIL/XRP; IOST/XRP; GNT/XRP; and ICX/XRP.

Actually, the total number of trading pairs involving XRP is 38 since Bitrue also offers XRP/BTC, XRP/ETC, and XRP/USDT.

As of press time, according to XRP Charts, Bitrue's 24-hour trading volume for XRP is $6,720,553.85 USD, or 3.1% of tital XRP traded.

Bitrue - XRP Share - 28 March 2019.png

Featured Image Courtesy of Bitrue

PayPal is Cautiously Optimistic About Partnership with Libra Association

  • PayPal cautious about future with Facebook's digital currency libra. 
  • Payment platform was one of the first companies to join and support the Libra Association.

Payment platform PayPal is cautiously optimistic about its relationship with Facebook’s digital currency libra, despite being the highest-profile company to join the Libra Association. 

PayPal Backs Libra Association

In June, shortly after the official unveiling of Facebook’s libra, PayPal announced an intention to join and support the Libra Association, a collection of tech and finance companies promoting the product. 

At the time, PayPal billed the digital currency as a revolutionary product for people around the world, 

We believe in democratizing participation in the digital economy for people from all walks of life, and businesses of all sizes.

However, PayPal appears cautious about its future with Facebook’s digital currency. PayPal investor relations vice president Gabrielle Rabinovitch reiterated Sept. 12 that the company is a non-binding agreement with libra, 

It's a non-binding commitment. And obviously, I think there's a lot of work to happen before we get to that point where it becomes something more than just a very exciting idea.

She added, 

The goals and ambitions of Libra are very consistent with PayPal's overall ambitions in terms of serving the underserved; democratizing access to capital. So we very much believe in the potential of Libra.

While PayPal appears optimistic about the future of libra, the digital currency has endured months of regulatory and political scrutiny concerning its release. 

Earlier in the week, senior U.S. Treasury official Sigal Mandelker told an audience in Geneva that libra would be held to the highest standard of regulatory compliance in order to combat money laundering and terrorist funding.

 

Featured Image Credit: Photo via Pixabay.com