• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
Ripple

Ripple Embraced by UAE-Based Banks and Cryptocurrency Exchanges

newsbtc by newsbtc
5 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Ripple has made a big impact on the cryptocurrency industry. Its native XRP asset is in high demand on a global basis.  BitOasis, Dubai’s top cryptocurrency exchange, will enable XRP trading later this week. This news comes on the heels of the UAE’s RAK bank partnering Ripple for instant blockchain payments in India. The year 2018 may prove to be very solid for the blockchain company and their XRP asset.

The addition of XRP to BitOasis is a big development for Ripple. Their native digital asset has never been in such high demand before. The Dubai exchange feels now is a good time to introduce traders to this particular asset. The new trading markets will go live on January 30th. Customers can buy the XRP token using AED wire transfers or UAE-issued credit cards. BitOasis raises the bar in terms of making the purchase of XRP a lot more convenient for its users.  This is the third currency to be supported by the exchange, next to Bitcoin and Ethereum.

Ripple Makes Headway in the UAE

According to BitOasis, there is an increasing demand from customers to trade and buy XRP. Considering how this exchange is one of the biggest platforms in the region right now, they have to set a precedent. Whether or not other companies will follow their lead by example, remains to be determined. It is certainly possible other companies will follow this example in the coming months. Global demand for Ripple’s asset is soaring despite the current lower price. It’s good to see BitOasis come back so strongly. Earlier this month, they faced issues with Emirates NBD blocking transfers to this platform.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

This is not the only positive news for Ripple in the UAE region. More specifically, the UAE’s RAK bank has also shown a keen interest in this company. Thanks to a new partnership, both entities will use blockchain technology for instant payments to India. Ripple’s ecosystem, known as RippleNet, has a lot of promise in this regard. Enabling live retail remittance payments to Axis Bank users in India is an interesting option to explore. Furthermore, this is another validation of what Ripple is trying to achieve.

The world of international payments is undergoing many different changes. Using blockchain technology is the next logical evolution in this industry. RAK Bank aims to launch instant, frictionless, and secure money transfer services to India’s Axis Bank customers. Only time will tell if they can be successful in this regard. Axis Bank is also one of Ripple’s partners since January of 2018. They are also using into using RIppleNet for cross-border remittance.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Tags: DubaiRippleuaexrp
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin

Bitcoin Price Action Mirrors Q1 2021, Volatility Ahead?

10 hours ago
Ethereum (ETH) number of addresses surges

Number Of Ethereum Addresses In Profit Hits 10-Month High As ETH Continues Rally

12 hours ago
Bitcoin

Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?

13 hours ago
Ethereum bull

On-Chain Data Indicates Ethereum’s Bullish Trend Could Continue

15 hours ago
Bitcoin

Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price

17 hours ago
Bitcoin US Government

Bitcoin Will Be Stronger Despite Attacks From the US, Says HRF’s Executive

18 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

In the journey from Web2 to Web3, Ethereum (ETH) and RenQ Finance (RENQ) play a significant role; here’s why!

March 25, 2023

Whatever Happened To Bitcoin Cash? – Learn Why Avorak AI and Other AI Crypto Are Surging

March 24, 2023

Avalanche Price Prediction: are AVAX and TOADS ready to 10X?

March 24, 2023

Litecoin (LTC) and Dogecoin (DOGE) Drowning in Controversy While TMS Network (TMSN) Steals the Show

March 24, 2023

The Best Altcoins To Get In Early 2023: TMS Network (TMSN), TRON (TRX) and Mask Network (MASK)

March 24, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.