Zebpay Listed Ripple

Ripple became closer to the Indian market and local traders
09 February 2018   179

Large Indian cryptocurrency exchange Zebpay added another token. Now it is Ripple’s XRP.

XRP is the digital asset native to XRP Ledger. The XRP Ledger is an open-source, distributed ledger. Ripple is a privately held company. XRP can handle 1500 transactions per second with an average settlement time of 4 seconds. Many institutions like Santander Bank, Axis Bank, Yes Bank etc are testing Ripple’s technology to bring down their cost and increase efficiency.

Zebpay Team

Indian cryptocurrency market isn't that small. According to recent study, India accounts for 10% of the cryptocurrency transactions in the world. 

At the moment of press, these are main XRP parameters:

  • Average Price $0,787748
  • 24h Volume $927 186 000
  • Market Cap $30 729 431 758

Ripple Price ChartRipple Price Chart 

Top 3 Ripple Markets:

  1. Bithumb 35,84%
  2. Upbit 15,26%
  3. Coinone 8,08%

Zebpay looks like actively development company. Few weeks ago it listed Litecoin.

Ripple to Work with Saudi Arabia’s Central Bank

Saudi Central Bank provides sandbox for banks to try out Ripple technology  
14 February 2018   122

Together with the Saudi Arabian Monetary Authority (SAMA), Ripple is going to create a pilot programme to enable local banks to deploy xCurrent for cross-border payments.

This pilot programme will provide interested Saudi banks with program management and training. it is the first of its kind to be launched by a central bank.

According to Dilip Rao, global head of infrastructure innovation at Ripple, central banks all over the world are interested in blockchain technology in order to understand how it can transform cross-border payments. It will result in lower barriers for both corporations and consumers.

SAMA will provide resources to domestic banks that want to enable instant payments using Ripple’s innovative blockchain solution. It has the potential to revolutionise cross-border payments, making it cheaper and more transparent. SAMA will be the second central bank to use blockchain technology to revolutionize payments.