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XRP pairs with Stellar [XLM], DigiByte [DGB], USD Coin [USDC] on Coinfield

Priyamvada Singh



XRP pairs with Stellar [XLM], DigiByte [DGB], True USD [USDC] on Coinfield
Source: Pixabay

On 18th December, the popular cryptocurrency exchange, Coinfield that is based out of Canada announced that it will be pairing XRP with the fifth largest coin, Stellar [XLM], the stable coin USD Coin [USDC] and Digibyte [DGB]. The platform also announced that it will be expanding its services to 40 new countries. The original tweet read:

“New #XRP pairings with Stellar #XLM, DigiByte #DGB and #USDC stablecoin shine as CoinField expands to 40 new countries.”

In the month of November, Coinfield had informed its followers that the services of the platform had gone live in 60+ countries at the time. In the same announcement, it had also taken the decision to add XRP for trading on its platform to wherein the commission fee was set at 0.05% and 20 XRP pairs were added including fiat pairs of XRP with USD, CAD, EUR, GBP, JPY, and AED.

Now, apart from XLM, DGB and USDC, two other unpopular coins have been added to increase the number of XRP pairs, i.e., Civic [CVC] and Loom Network [LOOM].

XRP has been a pro when it comes to gaining worldwide adoption as its parent blockchain firm, Ripple is inherently a global business. Therefore, XRP has been able to make its way around the globe at a fast pace via the RippleNet.

Though successful, XRP has been an integral part of many controversies, from it being alleged security to the ecosystem being highly centralized. Anytime the token is in trouble, the Ripple executives do not fail to step forward and refute such allegations.

Moh, a Twitter user and a cryptocurrency space enthusiast on Coinfield’s announcement stated:

“awesome you can now get #digibyte #dgb with your #XRP!! Come to the true decentralized #cryptocurrency ! #DGB the standard.”

Here, the Twitter handle known as XRP Research Center replied to the above comment and mentioned:

“You’re kinda’ implying that XRP is not decentralized with that tweet.
I’ll invite you to review what PoW has done with decentralization.
Spoiler alert: Utopia.” – XRP Research Center

Bobby Dee, who is also a DigiByte fan and follower also reverted and wrote:

“In comparison to #DigiByte it is centralized … and it’s more expensive to transfer value using XRP than DGB”  – Bobby Dee

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.


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