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Cryptocurrencies

XRP added to Gibraltar blockchain exchange

Thursday 10 January 2019 | 11:58 AM CET

The Gibraltar Blockchain Exchange (GBX) has announced the addition of a new cryptocurrency to its Digital Asset Exchange (GBX-DAX), Ripple (XRP).

Ripple is a real-time gross settlement system, currency exchange, and remittance network, which uses its network, RippleNet, to facilitate money transfers globally. At the same time, XRP is the digital asset used within the Ripple ecosystem.

XRP fetches USD 0.37 against the US dollar, up by 1.98%, according to CoinMarketCap. At present, it has a market cap of USD 15.13 billion, with more than 40.79 billion XRP in circulation. Ripple’s goal is to reshape the old methods of finance and banking, by transforming payments through blockchain technology.

The addition of XRP comes after a number of changes on the GBX, which was launched by the Gibraltar Stock Exchange in February 2018 with an ICO, through which it raised USD 27 million. In November 2018, the exchange was granted a full license from the Gibraltar Financial Services Commission.

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