Site Admin
Apr 2017
Ripple has partnered with cryptocurrency exchange BTCXIndia to launch Ripple (XRP).

Ripple Labs Inc., a Google-backed firm and the world’s fourth most-funded blockchain startup , has partnered with crypto-currency exchange BTCXIndia to start a buying and selling facility for XRP (Ripple), the crypto-token used by Ripple.

BTCXIndia, managed by Hyderabad-based S Capital Solutions Pvt. Ltd., was started in 2013 by commodity markets trader Kamesh Mupparaju. Before it temporarily suspended trades in April, BTCXIndia enabled trading for bitcoin and ethereum, the world’s largest and third-largest crypto-currency, respectively, by market capitalisation.

“We stopped trading functions to integrate Ripple technology to trade XRP. We are launching an integrated exchange that will allow users to trade in Bitcoin, Ethereum and XRP all through one user account,” Mupparaju said in a telephone interview.

The platform, with only the XRP trading facility, went live last week offering XRP at Rs24.34 apiece.

Miguel Vias, Head of XRP Markets for Ripple, confirmed the news with the following statement:
We are pleased that customers in India now have a way of accessing XRP. With its listing on BTCxchange, the digital asset is now available to this very large and fast-growing market.

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