From new adoption for XRP to a big flippening in the top 10 coins by market cap, here’s a look at some of the stories breaking in the world of crypto.
Ripple and XRP
The biggest fiat-to-crypto exchange in Singapore, backed by Bitcoin billionaire Tim Draper, just added support for XRP. Coknhako now offers 100 fiat-crypto pairings across 25 different cryptocurrencies, and is also available in Malaysia, Indonesia and Vietnam.
— Coinhako (@coinhako) March 1, 2019
Meanwhile, Ripple is touting how the Brazilian payments startup BeeTech Global is utilizing Ripple’s cross-border payment solution xCurrent to pass on savings to its customers.
In a new blog post, Ripple details how entrepreneur Erick Gutierrez is sidestepping expensive remittance fees.
“He not only finds the service to be fast, with payments arriving in one day, he finds the reliability and transparency into the payment journey critical to running and scaling his business. Perhaps, most importantly, the fees on each payment are often 80 percent lower than other options, only 5-10 euros per month. BeeTech estimates that customer can save up to 12 percent on transactions.
Gutierrez said that he’s been able to grow his business, from half a million visitors in all of 2017 to an average of 1.5 million per month this year, because of BeeTech’s services. He estimates his growth at 30-40 percent per month. Further, having a reliable payments solution has allowed him to hire people anywhere in the world.”
The latest ConsenSys-sponsored Week in Ethereum blog post is out.