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Ripple’s new gateway – ‘eMetals’ to trade physical metals using XRP’s technology

Sthuthie Murthy



Ripple's new gateway - 'eMetals' to trade physical metals using XRP's technology
Source: PxHere

Ripple is one mystery coin with resources in abundance. Trading at $0.535 currently and ranked as the 3rd best coin with a whopping $20 billion market cap, Ripple [XRP] is slowly gaining its momentum. Ripple is well known for its inter-operability focus and inter ledger projects for cross-border payments.

Ripple at the beginning of April is introducing a new gateway. BPG Group is all set to launch a new Ripple gateway called ‘eMetals’, according to their tweet.

BPG Group recently tweeted:

“Use the #Ripple network to buy, spend and trade #Gold, #Silver, #Platinum, #Palladium and #Rhodium (XAU, XAG, XPT, XPD and XRH). For more information please visit eMetals platform”

BPG Group, a precious metal refiner ensures efficient processing of industrial scrap throughout Europe from various industries. They refine, recycle, fund management and also allow trading. Their shares are traded on the Vienna Stock Exchange. Users can buy either physical metals or digital gold on Ripple through them. They are now on track to launch a new issuing gateway on the Ripple consensus ledger. They have identified significant market potential in the network in conjunction with the digitization of physical metals.

The company has offered an alternative way to invest in, and trade, physical metals by combining the performance of the London clearing system with the transparency of an exchange-traded asset.

Ripple network can be used to buy, spend and trade metals like Gold, Silver, Platinum, Palladium, and Rhodium any time of the year. It will maintain active buy and sell orders with a current target trajectory, which is to be released in the initial versions of the gateway for customers by May 1st this year.

James Buch, a Ripple enthusiast says:

“Good work Ripple, you have a lot of potential and your technology is great do not let it go without use. Just grab all that you can and leave no stones unturned. Don’t embarrass yourself in the community just sitting their motionless.”

The BPG issuance XAU is traded on Gatehub already and the physical metals issues will be stored either in their vault or with Malca Amit – a leading security carrier.

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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goLance seeks Ripple’s help to integrate faster, efficient payment solutions




Ripple integrates with payment gateways for GoLance to facilitate easier and faster payment methods
Source: Unsplash

Michael Brooks, Co-founder and CEO of goLance, recently shared the news that goLance was taking Ripple’s help to integrate its payment gateways and facilitate easier and faster cross-border payments for users across the world.

Brooks broke the news during the 2019 American Business Awards ceremony, going on to thank Ripple after winning 3 Stevie awards.

Paralect, an IT services company also partnered with goLance, congratulated goLance on the same and stated,

“We’re beyond happy to congratulate our partners and friends at goLance on their 2019 Stevie Awards. Our team has worked with goLance since 2014 and continues to refine the product that is attracting more and more freelance talent around the world… Most recently, we’ve developed a solution to add the Ripple Network to the long list of goLance payment integrations. This will allow fast and secure cross-border payment solutions via digital asset.”

goLance is a platform/marketplace where one can hire freelancers on an hourly basis or on fixed bid projects. Paralect helps small and medium-sized industries/companies launch products that drive innovation.

Ripple has the most skin in the game, especially when it comes to the cross-border payments sector. Ripple has a plethora of partners already making use of Ripple’s proprietary blockchain payment solutions, as well as digital asset-based solutions that are helping companies around the world send payments in a better, faster, and a more secure way.

Ripple’s xRapid solution is completely based on the digital asset XRP, which provides liquidity to facilitate cross-border payments. Other solutions such as xCurrent and xVia make use of blockchain technology to deliver faster payments.

A Reddit user, @Furitlicious, commented,

“1 of many to come. Can’t wait for them to throw out the “Runs on Ripple” slogan”

Another Reddit user, @Daleeburg, commented,

“Is there anything stopping any business from hooking into xRapid for cross border payments without a bank?”

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