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Ripple expands partnership with BitGo to list XRP on six new exchanges

Ripple blockchain payments provider announced the expansion of its partnership with blockchain security company BitGo in a move to list XRP on several leading digital asset exchanges.

The exchanges include Bitso, Coinone, bitbank, and SCI’s BuyBitcoin and additionally, AlphaPoint will also be adding XRP to their platform so that its exchange customers can easily list XRP. Apart from this, SBI Virtual Currencies also plans to list XRP later this year.

“Listing XRP on several new exchanges reduces the friction for our customers to send payments into these rapidly growing markets,” Asheesh Birla, VP of Product at Ripple, noted. “Within hours our customers can get-up-and-running with payments into a new country.”

Ripple can better serve the growing demand for global payments in both major currency corridors and emerging markets, by working along with a wide number of exchanges from various countries to list XRP.

Also, with the additional exchange listings, XRP liquidity increases and cross-border payments become easier for financial institutions to make, particularly in emerging markets. Also, banks and payment providers can use XRP to settle payments on demand. In terms of highly liquid and low volatility state, XRP could lower liquidity costs for banks by approximately 98 percent.

“Ripple’s momentum in making cross-border payments a reality with XRP is palpable. We’re excited to be working with Ripple, and we’re proud to have been selected by them to help exchanges and their users secure XRP. We expect 2017 will be a very strong year for XRP,” Mike Belshe, co-founder and CEO of BitGo, said.

Ripple stated that its ongoing work with BitGo and new exchanges will allow the company to continue its commitment in offering customers one frictionless experience to send money around the globe, particularly in those markets that need this service the most. The partnership will also build an important momentum established by XRP’s previous listings on Bitstamp and Kraken.

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