Coinrail to list Ripple

South Korean newly launched exchange will enlist Ripple in its dealings
01 November 2017   1979

Coinrail, a South Korean exchange which was launched on October 11, is going to add Ripple to its platform. Coinrail has a trading volume of 16.6526 KRW. The total transaction volume is currently 192,316 KRW which is $171,7.

Coinrail will be the third South Korean cryptocurrency exchange to issue Ripple after Bithumb and Coinone. Coinrail is a new and developing exchange which has already announced its deal with Bitcoin, Ethereum, Dash, Litecoin, Stratis, OmiseGo, EOS, Bitcoin Cash, Walton Coin, TenX, and Jet Cash and it plans to add QTUM, Stellar Lumens, and KyberNetwork, NEO, Komodo, NEM, IOTA too.

November 17 is declared to be the date when Ripple will be added to Coinrail. It is worth mentioning that South Korea is diligently trying to regulate use of cryptocurrencies, for instance the authorities plan to levy taxes on cryptocurrency transactions and ban ICO in the country. Moreover, representatives of the central bank of South Korea stated that they do not recognize Bitcoin and other digital assets as a means of payment.

South Korean exchanges have been showing interest in Ripple for a long time which even lead to its daily volume growth. Nevertheless lately XRP coin has been continuously going down.

At the moment of writing Ripple has a price of $0,197 and its market capitalisation  is $7,628,088,760 with 24 hour volume of $56,996,400.

R3’s New App to Support XRP Payments

Corda Settler is a opensource application in the CorDapp pack and makes it possible to make payments for payment obligations in the Corda networ
06 December 2018   134

Banking blockchain consortium R3 has announced the launch of the Corda Settler application for international cryptocurrency payments in corporate distributed networks. The first supported digital asset in the application is the XRP token, CoinDesk reports.

The deployment of the Corda Settler and its support for XRP as the first settlement mechanism is an important step in showing how the powerful ecosystems cultivated by two of the of the world’s most influential crypto and blockchain communities can work together. While the Settler will be open to all forms of crypto and traditional assets, this demonstration with XRP is the next logical step in showing how widespread acceptance and use of digital assets to transfer value and make payments can be achieved.
 

Richard Gendal Brown

CTO, R3

Corda Settler is a opensource application in the CorDapp pack and makes it possible to make payments for payment obligations in the Corda network through any parallel means supporting cryptocurrency, crypto assets or traditional payment mechanisms that can provide cryptographic confirmation of the fact of settlement of transactions.

In particular, the application verifies the transfer of the expected amount to the recipient’s account, automatically updating the Corda registry. Also in the developers' plans is the addition of support for deferred netting of transactions and settlements on pre-established amounts in real time.

When a payment obligation arises in the Corda system, one of the parties may request payment in XRP tokens. The other party will receive a notification of such a request and that it must configure the payment to be sent to the specified address before a certain date. As soon as the oracle service confirms the payment, the parties may consider the obligation fulfilled.

Application support for the XRP token may seem somewhat unexpected if we recall the recent court proceedings between R3 and Ripple, but a source close to the situation claims that the disagreements did not have anything to do with it. The very launch of a new payment mechanism, he said, should give greater legitimacy to cryptocurrencies.