Back

Binance CEO ‘Definitely’ Plans to Partner with Ripple’s xRapid

News
Thu, 02/07/2019 - 07:55
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Changpeng Zhao says they ‘have nothing’ with Ripple so far, but they are already mulling over an xRapid partnership

Cover image via U.Today
Contents

During a recent livestream, which was conducted via Twitter's Periscope application, Binance CEO Changpeng Zhao provided insights into a potential partnership with Ripple’s xRapid. However, at this point, it’s not certain whether CZ’s plans will eventually come to fruition given that the cooperation is still up in the air.

Focusing on other issues

Ostensibly, the two crypto behemoths haven’t started discussing the details of how Binance will boost Ripple’s brand-new payment solution xRapid. CZ reveals that the number one exchange by trading volume is currently focused on other issues, such as Binance Chain and the forthcoming BinanceDEX.

U.Today reminds that Binance made XRP its base currency back in December with a couple of other exchanges following suit. Hence, it’s not that far-fetched to suggest that the above-mentioned partnership could indeed happen in the nearest future. Some Twitter users even suggest that they are already working together, but CZ is playing coy.

xRapid goes global

So far, several other major exchanges, such as Bittrex and Bitso, teamed up with Ripple’s xRapid. The crucial difference between xRapid and xCurrent (Ripple’s previous-generation product) is that the former gives banks a possibility to conduct transactions by converting their local currencies to XRP and then converting it back to another fiat currency.

Ripple’s chief market strategist Cory Johnson claims that crypto exchanges will play a critical role in the global adoption of xRapid.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

Recommended articles
Binance CEO Says He's Looking Forward to Decentralized Social Media Running on Ethereum 2.0

Binance CEO Says He's Looking Forward to Decentralized Social Media Running on Ethereum 2.0

Ripple Has No Plans to Launch Its Own Stablecoin, Says CTO David Schwartz

Ripple Has No Plans to Launch Its Own Stablecoin, Says CTO David Schwartz

Ripple’s Major Partner Warns of Scammers Stealing Bank Customers’ Data Through LINE App

Ripple’s Major Partner Warns of Scammers Stealing Bank Customers’ Data Through LINE App