Huobi Pro now supports Ripple

The XRP / BTC and XRP / USDT trading pairs will be added to Huobi Pro today, 23.11.2017
23 November 2017   645

On Thursday, November 23, the Huobi Pro Exchange will launch the Ripple (XRP) bidding. According to the Exchange, the trade will go in pairs XRP / BTC and XRP / USDT.

In the end of October, the Huobi Exchange based in China announced the withdrawal from the industry and reformatting to "a provider of information and research services in the field of blockchain." The main direction of the company's activity will be directed to the Chinese market.

At the same time, a separate company, Huobi Pro, was created, which is oriented to work at the international level. The major currencies that the exchange supports include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash and Ethereum Classic. Also over the past few weeks, support for EOS and 0x has been added.

At the moment of press, this announcement didn't have much effect on the XRP price.

Ripple Chart
Ripple Chart

Main market parameters are:

  • Average price $0.238595
  • Market cap $9 215 223 766
  • 24h trading volume $202 745 000

RippleNet expands into emerging markets

Additional 5 international financial institutions have joined Ripple
21 February 2018   102

Banks from Brazil (Itau Unibanco) and India (IndusInd) along with remittance providers from Singapore (InstaReM), Brazil (Beetech) and Canada (Zip Remit) joined the ranks of members of the enterprise blockchain solution for global payments. This announcement with an earlier partnership with China (Lianlian) brings Ripple even closer to the so called 'emerging markets'. With the partners base of more than 100 organizations worldwide, Ripple allows its members access and exchange payment information between each other and finalize the transactions in an instant.

We are pleased to partner with Ripple. Now, RippleNet members will be able to process a large number of payouts in Southeast Asian countries through InstaReM’s secure rails.

 

Prajit Nanu

Co-founder and CEO, InstaReM

On top of that, with the application of a blockchain technology the costs of transactions and the transfer times get drastically decreased. It is reported that IndusInd and InstaRem will use Ripple's xCurrent platform to improve cross-border payments to other financial institutions globally; and Beetech with Zip Remit will use xVia to deal with global payments for their respective customers.

The payments problem is a global problem, but its negative impact disproportionally affects emerging markets. Whether it’s a teacher in the U.S. sending money home to his family in Brazil or a small business owner in India trying to move money to open up a second store in another country, it’s imperative that we connect the world’s financial institutions into a payments system that works for their customers, not against them.

 

Patrick Griffin

Head of business development, Ripple