Ripple update: Why Coinbase is INTEGRAL to the success of xRapid
If BANKS are supposed to source liquidity through EXCHANGES, do you think they’re just going to go about picking some random exchange “oh they sell xrp cool”.. – from some exchange that could be hacked tomorrow, and offers no insurance of your money? Are they going to go through binance where they have to TRADE into XRP from BTC or Eth?
Coinbase is integral because it could provide a direct FIAT:XRP, with the most volume possible. Coinbase is integral because it’s the most reputable seller of crypto-currency in the world. Coinbase is integral because they are the biggest on-boarders of institutions who want the safest and most reliable partner. Coinbase is integral because it has a proven secure track-record, and will now offer CUSTODY for large institutions; another big stamp of legitimacy.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: fregatta
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