Binance CEO Wants to Partner With Ripple to Use xRapid, Eventually
While there was significant focus on Binance’s upcoming decentralized exchange, perhaps the most notable aspect of the Periscope Q&A was when CZ revealed that he is interested in a partnership with Ripple to use its cross-border payment platform, xRapid.
“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future, we’ll definitely want to add them as a partner.”
According to Ripple, xRapid is for payment providers and other financial institutions to minimize liquidity costs by lowering the capital requirements. xRapid uses XRP to offer on-demand liquidity with low-cost, real-time payments.
This news comes a month and a half after Binance first added XRP as a base currency on its exchange platform.
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