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A new company seems to enter the virtual currency space. The American intermediation TD Ameritrade is exploring the possibility of offering XRP to retail investors. The information was released by TD Ameritrade Network in a recent Tweet. Other virtual currencies could also be offered to 11 million investors.
TD Ameritrade Explores XRP
In a recent tweet, TD Ameritrade Network informed that they are exploring XRP. The team behind this company is working to make things happen as soon as possible. The tweet came in response to a question asked by another Twitter user about the XRP resource.
On Twitter, the company wrote:
"I'm glad you're enjoying our content, we're still exploring the XRP space: stay tuned for more information, our team is working hard to make things like this happen."
I'm glad you're enjoying our content! We are still exploring the #XRP space – stay tuned for more information. Our team is working hard to make things like this happen.
– TD Ameritrade Network (@TDANetwork) 11 December 2018
However, this is not the first time that TD Ameritrade reveals his interest in virtual currencies. In October, the company invested in ErisX, a cryptographic exchange for spot and forward trading. At that time, the company informed that retail customers have a different approach to virtual currencies than traditional capital markets.
In general, financial institutions tend to use more specific platforms and services designed specifically for them. TD Ameritrade has approximately 11 million customers and manages $ 1.2 trillion of assets.
The ErisX platform will also provide forward contracts. Jessica Darmoni, spokesperson for the company, said that some of the virtual currencies available will be Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Another company that is trying to provide services to institutions is the Intercontinental Exchange with its Bakkt platform.
There are many companies that are investing huge sums of money in blockchain technology and virtual currencies. XRP is the second largest cryptocurrency with a market capitalization of $ 12.63 billion. In addition, banks and other financial institutions are working with several Ripple products that could possibly start using XRP for cross-border transactions. This would have a positive impact on the price of this digital asset.
Each XRP can be purchased for $ 0.3, according to CoinMarketCap.
to know more
Want to know more about Ripple? To read our guide to Ripple, Ripple Labs and XRP, a break necessary for each crypto-investor. A search for Ripple On our website you will see the latest XRP articles such as coverage on a statement by Ripple strategist XRP is more used than BTC.
Interested in investing in Ripple? You'll want to start with ours XRP pricing forecast article and then go to our current Ripple technical analysis. (Always do your research and read the site's disclaimer). If you are interested in buying Ripple, you can learn how buy XRP on Binance, our exchange suggested to investors.
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