One of Asia's 'Big Four' crypto exchanges, gets added to Ripple Network

17 Jun, 2019
by Joeri Cant
One of Asia's 'Big Four' crypto exchanges, gets added to Ripple Network

The South Korean cryptocurrency exchange, Coinone, considered to be one of Asia's 'Big Four' crypto exchanges, will become the latest addition to the Ripple network.

According to AMBcrypto, the South Korean crypto exchange will perform cross-banking services, while implementing Ripple’s xCurrent solution in its operations.

Speaking about the partnership with the San Francisco-based blockchain payments giant, Ripple, CEO of Coinone, Shin Won-hee, told a Korean media outlet, that the exchange hopes that the cooperation between Coinone and SBI Ripple Asia will allow them to introduce a range of financial services that make use of blockchain technology.

The Korean media outlet, K Banker, further reported that Coinone Transfer will organize events for 3,000 new subscribers to the blockchain overseas remittance service, to celebrate the agreement with SBI Ripple Asia and their remittance program, 

According to Coinone’s official Twitter account it is all ‘about Ripple'.

This news follows the recent signing of another partnership between Ripple’s partner MoneyNet International and PXP Financial who have signed a partnership to facilitate cross-border payment solutions in the United States of America and the European Union.

Thanks to this partnership, PXP Financial, a payment processor company, will make it possible for MoneyNet to offer major global credit and debit card processing, and will further make it possible to open up other payment methods like vouchers, e-wallets, online and offline banking.

In other news related to Ripple' XRP, one analyst has suggested that XRP could more than 100x and reach as high as $28 in the next bull run.

Something that might well happen, if Ripple continues to sign up new partnerships at this speed.

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Read more about: Ripple (XRP) Asia


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