Coinrail to list Ripple

South Korean newly launched exchange will enlist Ripple in its dealings
01 November 2017   2122

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.

RippleNet Now Has Over 200 Participants

According to Brad Garlinghouse, during 2018, RippleNet was replenished with 100 financial institutions
09 January 2019   309

RippleNet was joined by 13 more financial institutions. Now network has more than 200 participants.

New partners of RippleNet are Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual / USEND and Rendimento.

JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank involve the XRP token in their operations. Ripple is confident that this digital asset is great for cross-border payments, as it increases their speed and reduces costs.

According to Ripple CEO Brad Garlinghaus, during 2018, RippleNet was replenished with 100 financial institutions.