Home / Ripple / New decentralized TokenPay eFin trade exchange to quote XRP, Ripple's native cryptographic currency

New decentralized TokenPay eFin trade exchange to quote XRP, Ripple's native cryptographic currency

New decentralized TokenPay eFin trade exchange to quote XRP, Ripple's native cryptographic currency

As soon as the current downward trend of the cryptographic market began, XRP took second place from ETH, the second largest long-standing cryptocurrency for market capitalization. This is mainly due to the fact that the token has solid fundamentals and Ripple has worked hard to broker partnerships and promote XRP use cases.

ETH lost over 50% of market capitalization, while XRP lost only about 30%. At one point, XRP had expanded its gap of nearly $ 5 billion in market capitalization leads.

Ripple's partnerships have fueled this phenomenon, and it continues even now. Recently, eFin announced that XRP has been added to its platform.

eFIN, which will finally be launched in December, presents a proprietary liquidity system, which means "it will be the FIRST decentralized trading platform to actually have a volume". It is considered an exchange that solves the problem of custody with portfolios controlled by the user and also the problem of privacy with Tor.

TokenPay is a decentralized and self-checking payment protocol. The protocol can only be accessed via the Tor Browser. The currency aims to be one of the most secure cryptocurrencies in existence.

Like other cryptocurrencies, the main goal of TokenPay is to enable secure transactions between multiple parties. For maximum privacy, transactions are conducted with TokenPay's proprietary and non-negotiable digital resource, called TPAY: this is the token used by the TokenPay protocol. Some of the main features and benefits of the TPAY token include a stealth addressing system, encrypted messaging, anonymous negotiation and a uniquely designed hashing algorithm. Together, these allow fast and secure transactions on the Internet.

Through eFIN, TokenPay is examining a decentralized exchange. A DEX is a decentralized exchange and is essentially a new type of pair matching that allows people to place orders and negotiate cryptocurrencies without an intermediary institution that manages the ledger or monitors user funds.

Since users do not need to transfer their resources to the exchange, decentralized exchanges reduce the risk of theft from hacking exchanges. They can also prevent price manipulation or false trading volume through washing trading and are more anonymous than exchanges that implement customer needs.

Source link