XRP suited for trade
Curis Wang, CEO of Bitrue, describes how his exchange puts XRP at the heart of all trading activities, as the settlement of payments benefits greatly from using Ripple’s On-Demand Liquidity payment solution:XRP’s use case makes it both practical and scalable so it made sense for our business to focus on it. As more people turn to RippleNet’s On-Demand Liquidity service for faster, cheaper global payments, Bitrue will grow alongside the increasing use of XRP. We took a chance on centering our platform around the asset and are now benefiting from being a fully integrated part of the XRP community.
With near real-time transaction processing and the advanced distribution of XRP to more than 130 exchanges, the digital asset is perfectly suited to take advantage of price differentials. Many exchanges have started to offer XRP as a base currency that can be exchanged directly for fiat currencies.
Especially when networks are confronted with a transaction backlog, transaction processing via XRP continues to run smoothly without any delays. This means that funds can be sent quickly from one exchange with high prices to another exchange with low prices and traders can make a profit relatively easily or enter the market more cheaply thanks to this margin.
As soon as a new promising setup is created on another exchange, the funds can be sent to other exchanges within seconds. Although some exchanges have started to launch their own tokens (Huobi Coin, KuCoin Shares) as base currency, these often do not allow smooth trading, as they are not always accepted by other exchanges.
Author : Collin Brown