Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Whale Watchers Say Ripple’s xRapid Likely Powering Surge in XRP Volume

by Daily Hodl Staff
March 29, 2019
in Altcoins
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Whale watchers say three crypto exchanges may have powered up Ripple’s XRP-based xRapid.

The amount of XRP moving between Bitstamp and Coins.ph – two confirmed xRapid partners – has ramped up in recent days. An XRP Ledger sleuth known as BehindtheLedger is tracking the size and number of transfers, which began to spike on March 25th.

https://twitter.com/behindtheledger/status/1111639227303948288

At the same time, XRP volume at the Mexican crypto exchange Bitso has surged in recent days. Bitso is also adopting Ripple’s xRapid, and an increasing amount of the exchange’s XRP/Mexican peso pair is having a noticeable impact on the data aggregator CoinMarketCap. It jumped

https://twitter.com/behindtheledger/status/1111492361308258304

BehindtheLedger is also following hundreds of transfers between Bitstamp and Bitso, with the size of each XRP transfer reaching about $1,000.

https://twitter.com/behindtheledger/status/1111502113052524544

Another string of payments just started to pump from Btstamp to Bitso with the same DT 96604252. Even size payments close 1623 XRP each coming very xRapidly (pun intended).https://t.co/fW1JuY1SG4

— hallwaymonitor (@hallwaymonitor2) March 29, 2019

Ripple has partnered with four cryptocurrency exchanges to act as bridges that can execute XRP transactions via xRapid.

For example, a bank can exchange euros to XRP through the Luxembourg-based crypto exchange Bitstamp, which in turn sends the XRP to the Mexico-based crypto exchange Bitso. Once Bitso receives the XRP, it instantly processes the conversion from XRP to the Mexican peso, and then delivers it to the designated Mexican bank in real time.

Global currency exchange provider Mercury FX is the biggest known user of xRapid. The company says its new xRapid payment corridor to the Philippines is now up and running.

In a recent interview with Decrypt, Mercury FX CEO Alastair Constance said the company is now using xRapid to send “tens of thousands of dollars” from the UK to Mexico and the Philippines every week. The company aims to get some of its biggest clients on board and push those numbers into the millions.



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • How Traders Are Gaining by Holding Crypto: Staking Tron (TRX) and Cardano (ADA)
    January 21, 2021
  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
Submit a Guest Post
Bitcoin
$32,440.00
$32,440.00
0.96%
Ethereum
$1,326.76
$1,326.76
3.94%
XRP
$0.269507
$0.269507
1.53%
Litecoin
$137.79
$137.79
1.72%
Bitcoin Cash
$435.37
$435.37
0.26%

Spotlight

  • Crypto Analyst Nicholas Merten Says Altcoin Cycle Has Arrived, Lists Top Picks Poised to Outpace Bitcoin
    January 19, 2021
  • Crypto Whales Are Quietly Accumulating This Altcoin at an Unprecedented Rate, Says Santiment
    January 23, 2021
  • Airdrop Madness Coming in 2021, Says Crypto Trader – Here’s How to Prepare for Potential Deluge of Free Crypto
    January 20, 2021
  • Max Keiser Predicts Looming Bitcoin Supply Crisis Will Hammer Institutions, Causing Price To Skyrocket in an Instant
    January 24, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.