Last week, Bit-Z, a popular Hong Kong-based cryptograph exchange, announced that they were adding support for XRP. The cryptographic currency will be combined with the dollar.
The exchange has been operating since 2016. It has a physical presence in ten different countries, focusing on Asian nations such as South Korea, Japan and Singapore. According to Tokeninsight, a professional appraisal agency, the platform is the fourth most important exchange of cryptocurrencies in the world.
Bit-Z offers many other services
The company is involved in more than just cryptographic services. They also offer games, finance, e-commerce and social networking.
While several cryptographic resources are now available on Bit-Z, a few weeks ago it was not possible to purchase any goods directly on the platform. The process involved transferring Bitcoin from your wallet to your account on the website. Then you would proceed to exchange the BTC with other available coins.
Anyone who has been involved in cryptocurrencies as a retail investor knows that this is the way most exchanges work. Few platforms allow users to purchase Crypto directly with a credit or debit card.
However, Bit-Z has always been at the head of the curve before even listing XRP. The platform offered "OTC Trade" where you can use USD or Chinese yuan to buy BTC, ETH or LTC.
Purchases are made off the platform, but once the tokens are obtained, they can transfer them to their Bit-Z account.
The platform also accepts a wide range of payment methods including cash deposit, AlyOPay, wire transfer, Neteller, PayPal, WeChat, Western Union and MoneyGram.
The information presented is sufficient to show that Bit-Z has been innovative in expanding its crypto-horizons to a variety of users, including those who are not experts in digital resources or blockchain technology.
Adding the XRP / USD pair, they have now gone beyond most of their competitors.