On April 29, Nasdaq announced the addition of Brave New Coin’s XRP Liquid Index on the Nasdaq Global Index Data ServiceSM (GIDS). It also announced that the index would be live on May 01, however, the index, at press time, wasn’t accessible on both Brave New Coin and on Nasdaq. But an interesting revelation was the fact that the index showed up in a Google search.
A Twitter user @NaturallyPaid_ was the first to notice this and tweeted:
XRP community, go to your web browser and type “ XRPLX “ and look what pops up … BOOOOOOOOM 💥💥💥💥💥 @BakkupBradley @CKJCryptonews @paulandpaulxrp @MrsSpencerH1 @bob_way @BankXRP @Rob_Cash71 #XRP #XRPCOMMUNITY #XRPTHESTANDARD #HODLXRP pic.twitter.com/pyqF8PiGaR
— Charles Hunter (@Naturallypaid__) May 10, 2019
BankXRP, an XRP enthusiast suggested that since the index wasn’t live on Nasdaq’s site, Google might have been “pulling it from Nasdaq RSS feed”. In addition, the liquid index was also accessible on TradingView as well.
At press time, Brave New Coin’s website showed Bitcoin and Ethereum’s liquid index, but failed to show the XRP liquid index. The same was true with Nasdaq’s official website as well.
The price of XRP at the time of writing was at $0.3018, with a market cap of $12 billion. The Bitcoin rally hasn’t been kind to XRP as the 24-hour change was only 1.6%. Other altcoins have surged by massive amounts due to Bitcoin’s rally, and while this might not be good for the price, it is a good thing from a larger perspective. This suggests that XRP is not as correlated to Bitcoin as other altcoins are.
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Ripple: SCB Thailand asks crypto-enthusiasts to wait for announcement regarding XRP adoption
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,
SCB transfers via Ripple. And with that we have mainstream adoption in Thailand. pic.twitter.com/n9QRt5Uq7X
— ₿ryan (@_bjb) May 18, 2019
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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