Ripple Surges 18% as Binance Uses XRP as Base Currency

Binance, the world’s largest cryptocurrency exchange by traded value, has added Ripple’s XRP as a base currency, meaning that all the other 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 would be paired with it.

Binance CEO, Changpeng Zhao a few hours ago sent out a tweet saying “We will be adding a couple trading pairs with XRP as the quote currency shortly.”

If this comes to fruition, XRP will surely get a further boost in price over the next few days, and it would probably solidify its current spot as the second crypto by market cap.

We will be adding a couple trading pairs with XRP as the quote currency shortly.

And rename ETH markets to ALTS market. Running out of space on the UI. Merry Xmas! — CZ Binance (@cz_binance) December 24, 2018

At the time of writing, XRP was enjoying a 24-hour surge of 18 percent, a completely different change in scenario from yesterday when the cryptocurrency was almost unchanged. The coin was trading at $0.434 with a total market cap of $17.7 billion and a 24-hour market volume of $1.51 billion.

Adoption of XRP has begun in several exchanges, and it defies the trend of using Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term or Ethereum as sole base currencies. The move comes as cryptocurrency exchanges are beginning to copy the safeguards commonly used by their mainstream counterparts after a steady stream of hacks, asset thefts, and technical issues. The XRP protocol is seen as the most sophisticated in this context as it is already adopted or tested by several big banks.

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The base unit is the currency using which users can buy the other quoted cryptocurrency. In this scenario, users can buy currencies on the platform using their reserves of XRP. Prices will be calculated against the price of XRP for a crypto-to-crypto trading experience.

Although Ripple is regularly grouped with other cryptocurrencies, its purpose is different ‎as it also operates a ‎decentralized payment settlement solution for banks and financial institutions that is fast and ‎scalable.‎ Because its xRapid solution has a much shorter transaction time, there have been major companies testing the product such as Western Union and Moneygram, but none have committed to it fully.