Binance Includes XRP as Base Pair; XRP Application is a Sign of a Maturing Crypto Market

Binance Includes XRP as Base Pair; XRP Application is a Sign of a Maturing Crypto Market

Binance, the foremost cryptocurrency exchange by daily trading volume, announces a new base currency for trading pairs: Ripple’s XRP; Henri Arslanian, the PricewaterhouseCoopers FinTech & Crypto Leader for Asia, calls XRP a ‘game changer’ in executing cross-border payments

XRP advocates think the cryptocurrency should be a base pair option on the Binance platform. They have been stirring the platform’s CEO, Changpeng ‘CZ’ Zhao, to include the coin as one of its base currencies. Yesterday, 24 December, the exchange heralded the roll out of pairs TRX (TRON)/XRP and XZC (ZCoin)/XRP. As a base, XRP can be traded with other Binance supported cryptocurrencies.

The ALTS Trading Market

Please note that ALTS does not represent a new coin or token. It is the symbol for Binance’s new Combined Alts Trading Market.

Binance Team Announcement

With yesterday’s announcement, Binance compounds the ETH Trading Market giving it the moniker ‘ALTS’. The renaming came as a response to a crowded user interface. Binance is looking forward to listing more trading pairs in their ALTS Trading Market.

Ripple the Game Changer

Ripple’s XRP continues to rally. The coin superseded ETH as the second largest cryptocurrency with a market capitalization of over $15 billion.

More and more banks are contemplating supporting cryptocurrencies. With that said, Henri Arslanian of PricewaterhouseCoopers calls Ripple’s protocol a game changer. Ripple’s four-second settlement of international payments rivals that of SWIFT. The real-world application of XRP is evidence the market is on the verge of maturing.

Crypto Markets of 2019

Arslanian remarks next year will be invigorating to the cryptocurrency sector as institutional investors gain a foothold in the market. He says well-established businesses will tie up with crypto-related companies to increase their portfolios.

2019 will see security tokens and stablecoins enter center stage.

XRP

0.4543 USD
-4.39%

TRX

0.03416 USD
-3.10%

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The Japs And The “XRP Killer”: What To Expect?

The Japanese have a way of being ahead of others when it comes to technology development. After all, Satoshi is said to be Japanese. A year ago, Mizuho Bank one of the biggest banks in Japan started working on a cross border payments system. This payment system will allow for real-time settlements and today that system works! There are about 60 Banks participating in this independent blockchain (J-Coin). Using its own wallet, the J-wallet and QR codes for transactions, J-coin enables anyone with a smartphone to be able to make real-time transfers. The great thing about the cryptosphere is that innovation is dynamically occurring, this blockchain is a welcome member of the crypto-family Worldwide. It doesn’t come without its drawbacks. The first being the fact that while smartphone density may have reached its peak in places such as Southeast Asia, places like Africa and South America are yet to experience this. This is where XRP differs in terms of operation. XRP offers a realtime settlement system with participating Banks and other financial institutions, allowing for financial inclusion at the micro-level. This creates one Big family for all who want to participate in a global financial embodiment. So retail systems get to do their thing and at the same time include XRP on an institution to institution basis. Secondly, J-coin is a “regional idea”, The owners of the blockchain would have to do a whole lot of PR in order to get Global attention. Getting other global institutions to wade into the water will be an uphill task But it’s very possible for the cryptocurrency to have a global outreach. Thirdly,  the introduction of new technologies in the crypto space will actually induce a number of new innovations which shall definitely surpass what J-coin has to offer. Innovation is the mother of competition and vice-versa! In essence, J-coin isn’t the “XRP-Killer” that many have made it out to be. It is the younger buddy to XRP! What do you expect from J-coin? Please let us know in the comments below!  The post The Japs And The “XRP Killer”: What To Expect? appeared first on ZyCrypto.
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