Ripple endorses ‘Preferred’ crypto exchanges for XRP payments

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Ripple endorses ‘Preferred’ crypto exchanges for XRP payments

Distributed ledger startup Ripple has endorsed three cryptocurrency exchanges as its “preferred partners” for transacting with its xRapid payments service, which uses the cryptocurrency XRP. Announced Thursday, Bittrex, Bitso and Coins.ph will now serve as Ripple’s “preferred digital asset exchanges” as part of its efforts to build out the XRP ecosystem. The three exchanges were chosen due to their XRP holdings, allowing them to provide higher levels of liquidity, he said, adding that “there’s a whole bunch of companies around the world that are using XRP and what we’re doing is identifying three other exchanges that have a lot of XRP liquidity and steering more liquidity their way.”

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