XRP United has officially launched a digital currency exchange based on Ripple’s XRP token. The platform aims to validate XRP as a base currency in the asset, commodities, and fiat currency markets.
Twitter user @BankXRP announced today the launching of ‘the first full XRP-based exchange.’
XRP United , as it is known, currently features three XRP trading pairs — with Bitcoin (BTC) , Ethereum (ETH), and Bitcoin Cash (BCH) — and will be adding Monero (XMR) shortly in the future.
It should be noted that this exchange is in no way officially related to the actual Ripple company. Instead, it is operated by ‘XRP United Oü’ and appears to be registered with the Estonian Financial Intelligence Unit (FIU) with licenses to ‘provide a virtual currency wallet service’ and ‘provide services of exchanging a virtual currency against a fiat currency.’
In its dramatic introduction trailer, XRP United, presumably in the future, claims that XRP used on its platform would be ‘fully exchangeable with any currency, asset, or commodity.’ Depending on when and if that actually happens, it could potentially give a significant boost to the price of the third-ranked, not-so-decentralized cryptocurrency.
The First Full XRP Based Exchange now LIVE
XRP United – Launch Video #xrpthebase https://t.co/CHyRCLdbG8 #Ripple #XRP
ON DISCORD https://t.co/1kVqSwCMpH pic.twitter.com/3M40tI8hER