US Crypto Exchange PayBito Adds Ripple’s XRP 

US-based cryptocurrency exchange PayBito has added Ripple’s XRP to its platform, expanding the portfolio of crypto assets listed under it, the firm announced today.

This recent addition escalates the trading options for all of PayBito’s global users. PayBito has the world’s leading crypto coins listed under it and has been on an expansion mode since the beginning of the year, according to the exchange.

“PayBito is always open to listing 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 that have displayed trading credibility and potential for immense growth, provided they meet the regulatory directives. The addition of new coins helps us to serve our users better by allowing them easy access to varied trading options. It also encourages people to diversify their crypto portfolio which ultimately benefits the mainstream adoption and growth of cryptocurrencies and crypto trading,” Raj Chowdhury, managing director at PayBito, said.

PayBito follows a strict set of guidelines and regulatory standards when listing cryptocurrencies within their exchange, to maintain transparency and authenticity of the process and also to ensure that the users have seamless trading experience.

XRP

Launched in 2012, XRP is a crypto asset that runs on RippleNet, the real-time gross settlement system (RTGS) and remittance network created by Ripple Labs Inc. XRP Ledger is the underlying open-source distributed ledger database of RippleNet.

XRP provides the traders and financial institutions with the most reliable and fastest option to source liquidity on demand. It is a digital asset that is built for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, native to the XRP Ledger.

XRP was created by Ripple to be faster, more cost-effective, and a scalable alternative to other crypto assets as well as existing monetary payment platforms.