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XRP gets another boost with addition on Skrill while market tries to recover from bear attack

Akash Anand

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XRP gets another boost with addition on Skrill while market tries to recover from bear attack
Source: Unsplash

On November 27, Skrill, the Internet payment system, announced that they have added XRP to its cryptocurrency roster. The company has claimed that the decision was made after several requests from the XRP community asking the company to include the second largest cryptocurrency on the platform.

On their official handle, Skrill tweeted:

“We’re very excited to announce #XRP has been added to the list of #cryptocurrencies you can buy and sell with Skrill. Thank you to everyone who has asked about @Ripple. It’s here!”

XRP’s march towards adoption has been noteworthy, with another cryptocurrency exchange called Vertpig announcing that Ripple’s product will be next in line to be integrated on the cryptocurrency exchange.

Reports about XRP’s listing comes in the wake of a momentous bear market that brought down the prices of almost every single cryptocurrency on the charts. XRP, which was riding the bullish wave last month, saw the bear pulling its price down below the $0.4 mark.

Officials from Ripple, XRP’s parent company, have also been rampant in their aim to push XRP into the realm of mainstream adoption, with multiple speeches and presentations being conducted across conferences. Cory Johnson, the Chief Market Strategist at Ripple, recently spoke at the Fintech on the Block conference where he touched upon Ripple’s goals and vision.

Skrill had made news earlier when the company revealed that Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH] and Lit’ecoin [LTC] will be available for transactions.



Lorenzo Pellegrino the CEO of Skrill, and NETELLER had earlier stated:

“The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment. I’m confident that the ability to trade in cryptocurrencies quickly and easily through Skrill will appeal to consumers both now and in the future.”

He also said:

“We know many people want to experiment with cryptocurrency trading but don’t know where to start and we’ve made the entire process very straightforward.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

XRP

Ripple: SCB Thailand asks crypto-enthusiasts to wait for announcement regarding XRP adoption

Namrata Shukla

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SCB Thailand asks crypto enthusiasts to wait for announcement regarding XRP adoption
Source: Pixabay

The nascent field of cryptocurrencies has been seeking major mainstream adoption, especially from financial institutions. Ripple, the native company of the third largest cryptocurrency, managed to promote its services and would provide payment services to the oldest Thai bank, Siam Commercial Bank [SCB].

The bank however, has not confirmed whether it would be making use of XRP. The Bank had informed its approach towards blockchain technology in various industries and the XRP community rejoiced after rumours of XRP adoption surfaced. However, when a Twitter user asked about the bank using XRP, SCB replied,

“We will be using Blockchain Technology for ripple but as for XRP, you may have to wait for further announcement.”

However, another Twitter user, @_bjb, jumped the gun when he saw the following on SCB,



The user then shared that when he went to use the service, he was informed that the service will be available soon. SCB Thailand apologized for the inconvenience through a tweet and informed all users,

“The information about ripple transfer will be announced soon, we are sorry for the inconvenience.”

The bank also stated that at the moment, it was using Ria Ripple transfer for banks in Japan and that users and crypto-enthusiasts will have to wait for an official announcement.





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