Ripple sees debut on the use case while DCEX becomes the first XRP-based exchange


Blockchain technology exchange company Alphapoint has announced that registration is open for the DCEX exchange, the first platform that uses the Ripple XRP token as a base currency.

DCEX will open in "Coming Weeks"

In a July 30 press release, the company announced that DCEX, which targets institutional and retail investors, would begin to negotiate "in the coming weeks."

A total of 15 pairs will be available, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum classic (ETC) and Monero (XMR) .

In addition, users will be able to access the ten cryptocurrencies currently listed on Bloomberg's Galaxy Crypto. Index.

& # 39; Digital Fiat & # 39; ?

Built using Alphapoint technology, DCEX marks a kind of turnaround in Ripple's fortunes after its use in the banking sector – its main market – has been in doubt in recent months.

In June, the company's chief cryptographer, David Schwartz, also said that the technology he offers is "not a distributed ledger" as many think, a prospect that Anatoly Castella, CEO of Elpis Investments, has echoed 39th, beginning of this month. [19659009]

"Ripple recalls a fintech platform that combines the best elements of fiat money and the cryptocurrency blockchain," digital Fiat ", not a cryptocurrency," he said

of the lackluster sentiment among the banks regarding the migration of blockchain, Schwartz in the meantime told Reuters:

What we hear from many of our customers is that it is imperative to keep their transactions private, processing thousands of times per second and satisfy every kind of currency and imaginable activities.

XRP 0 0 fell 7% this month, trading below $ 0.50 compared to all -time highs in excess of $ 3.80.

Meanwhile, executives plan to promote cross-exchange arbitrage to "exploit price inefficiencies" and low execution times for high volumes. [19659004] "… XRP blockchain transactions typically stabilize in less than four seconds, enabling faster multi-exchange strategies and offering a speed advantage over other money movement options," the release said .

What do you think about DCEX using XRP? Let us know in the comments below!

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