According to Binance CEO Changpeng Zhao, the leading crypto money exchange will be partnered with Ripple in the future to strengthen the XRP-based payment solution xRapid.
Zhao has not yet set the stage for the details of the two companies yet, and said that in the near future Binance will be focusing on publishing its BinanceDEX, the decentralized office and the Binance Chain.
Uz We are currently focused on publishing more features, so we work with a few partners. With xRapid, there is nothing yet, but we want to see them as partners in the future. ap
Ripple is currently a partner to provide xRapid liquidity with Bittrex, Bitso, Coins.ph and Bitstamp crypto offices. These offices will turn their local currency into the XRP for financial institutions, and then make it possible to instantly return them to cash and send it as a digital asset to another country.
Very short processing time
This process was designed to last for a few minutes, with only a few seconds of this time being limited to XRP.
Ripple developed xRapid for international companies as a way of sending money in accordance with the law without having to keep the money in their bank accounts in different parts of the world.
Ripple's Cory Johnson said crypto bureau partners were very important for xRapid's global adaptation and added that z they provide us with the chance to offer financial institutes with confidence and convenience that they can easily afford between different currencies Rip.
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