London-based bitcoin and cryptocurrency exchange Luno is adding support for Ripple’s XRP, the third-largest cryptocurrency by value behind bitcoin and ethereum.
The addition of XRP to Luno’s supported cryptocurrencies, which currently includes just bitcoin, ethereum, and bitcoin cash, will come within the next two weeks, according to a well-placed source.
Luno, previously known as Bitx, decided to support Ripple’s XRP after running a year-long poll of its 3 million-strong user base—with XRP by far the most popular choice, leaked internal slides have revealed.
Bitcoin and cryptocurrency exchange Luno this week revealed it will add support for Ripple’s XRP, … [+]
Luno, which boasts an “A” grade from bitcoin and cryptocurrency comparison site CryptoCompare, asked its users which coin they’d be most interested in buying, excluding bitcoin and ethereum.
Ripple’s XRP came out top with more than twice as many votes as bitcoin cash, a fork of bitcoin that’s currently the fourth-largest cryptocurrency by value, which Luno added in September last year.
Litecoin and stellar, the seventh and 13th digital tokens by value according to CoinMarketCap data, also came in ahead of bitcoin cash, though many were also interested in smaller cryptocurrencies.
Leaked internal slides reveal Ripple’s XRP is the token Luno users most want to buy, excluding … [+]
The XRP price has struggled over the last 12-months, with some XRP traders and investors concerned Ripple, the company that created XRP and controls around 60% of it, is driving down the price buy “dumping” tokens onto the market.
In October, Ripple revealed it sold $66 million worth of XRP in the third quarter of 2019–down 74% from sky-high sales of $251 million in the previous quarter.
The price of Ripple’s XRP was boosted last year bitcoin and cryptocurrency exchange Binance, the world’s largest crypto exchange by volume, announced it will be adding Ripple’s XRP and the stablecoin tether as a futures trading pair.
The price of Ripple’s XRP has been on a downward trend for the last 12-months but has recently … [+]
Last year, Ripple’s chief executive Brad Garlinghouse said he expects the company to grow its customer base by 30% to 40% this year, from 300 currently, and boasted transaction volume on the Ripple network will rise more than 600%.
Ripple’s XRP, one of the oldest bitcoin rivals and the third largest cryptocurrency by market capitalization, has endured many of the cryptocurrency industry’s ups and downs since it was released in 2012, earning its fair share of fans and detractors along the way.
San Francisco-based Ripple last year bought a stake in high street money transfer chain Moneygram, which now uses uses XRP for 15% of its transfers into Mexico.