XRP gets listed on one of the largest crypto exchanges in Latin America 25035 XRP Ripple
News
Nitin Murali
Oct 12, 2018 at 5:39 AM

Ripple continues to make some serious headway in markets across the globe. In a fresh case of its growing prominence, XRP has been listed on one of the biggest cryptocurrency agencies in Latin America.

Brazil’s Mercado Bitcoin announced on Thursday that along with Bitcoin, Bitcoin Cash, and Litecoin it is now possible to trade XRP (Ripple) on its platform.

The exchange also says that its customers can now buy and sell XRP. In addition, they can also withdraw and deposit the same. XRP is the third largest cryptocurrency by market cap and is paired with Bitcoin on the Brazilian crypto exchange’s platform.

Mercado Bitcoin is the oldest crypto exchange in Brazil and is one of the biggest in South and Central America. Along with XRP and Bitcoin, the exchange also features Bitcoin Cash and Litecoin.

According to a previous report by BC Focus, Phillip Nunn, CEO, Wealth Chain Capital describes himself as a “blockchain evangelist” and has a strong opinion on the third largest cryptocurrency in the market. Nunn has often side-lined XRP, relegating it to merely “payments,” while stating that “Bitcoin is the godfather” of cryptocurrencies.

But later he made a U-turn by acknowledging Ripple and said that it has been “making some serious moves.” Given the wave of success Ripple is having currently, Nunn even compared the company to tech giant Microsoft.

In another report by BC Focus, SBI Ripple Asia, the joint venture between Japan’s SBI Holdings and San Francisco’s Ripple, has launched the application of its payment gateway MoneyTap. MoneyTap, which is backed by the Japanese Banking Consortium, will connect more than 60 banks within the country.

At the time of writing, XRP was priced at $0.395 and has a market cap $15 billion behind Ethereum which has a market cap at $20 billion. It is currently down trending at 14.31 %.

See Also:

Two new amendments DepositPreauth and fix1515 enabled on XRP Ledger (Rippled) version 1.1.0

Ripple’s co-founder Chris Larsen named world’s wealthiest crypto-billionaire

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