eSpend integrates Ripple into Cryptsy: XRP will be tradable, exchange to become full gateway

eSpend is bringing Ripple to Cryptsy. They will help the altcoin exchange integrate Ripple's currency, XRP, for trading against its over 90 currencies.

According to its website, "eSpend provides the industry's leading Ripple gateway technology built using military grade encryption and C++."

Most of the Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Read this Term traded on Cryptsy are descendants of Bitcoins, so their integration has been relatively straightforward. Second generation currencies have been more difficult, as observed earlier this year with Nxt. Said Paul Vernon, the exchange's founder and CEO:

"We have been wanting to get XRP on Cryptsy for a long time now. The team at eSpend has made it easy and we look forward to working with them to bring in more of Ripple’s features."

One of the novel capabilities of the project will be the leveraging of Ripple for Cryptsy users to transfer coins to their personal Ripple wallets. From there, there will be even more permutations of trading pairs: each coin will be tradable with other currencies such as USD, EUR, CNY and JPY.

In the future, Cryptsy plans on becoming a full-fledged Ripple gateway as well.

Cryptsy is eSpend's first client for such integration. eSpend says it plans on adding more in the future.

Second generation Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term have been gaining traction of late, as reflected in their traded prices. Both Ripple and Counterparty have achieved multi-month highs.