A peer-to-peer cryptocurrency exchange, Remitano, announced to list Ripple (XRP) earlier this week. Remitano is one of the largest P2P exchange in the world that allows trading amongst different participants around the world. With its listing, Ripple becomes the fifth virtual currency to gain a listing on the exchange after Ethereum (ETH), Bitcoin (BTC), Tether (USDT) and Bitcoin Cash (BCH) recently.
At the start of the cryptocurrency revolution around a decade ago, the field of peer-to-peer cryptocurrency trading had been heavily dominated by the presence of LocalBitcoins. This led to centralization in the technology that’s otherwise meant to be fully decentralized.
Cryptocurrency exchange Remitano which came into existence since 2014, started out with the exchange of Bitcoin across 70 countries around the world. The demand to add Ripple (XRP) to the exchange platform rose from various quarters of the Ripple community. Ripple is the third largest coin in terms of market capitalization. This demand for adding Ripple was not successful till September 24 when Remitano finally made the announcement.
Ripple has been termed as a complicated currency by the crypto community. However, with this recent listing on Remitano, it will become simple to buy and sell XRP to peers. A swap pairing with Tether (USDT) followed after the activation of XRP trading on Remitano, as stated in the Crypto Recorder report.
Cryptocurrency exchange Remitano has no limitations for selling and buying amounts. The exchange platform’s selling and buying payments methods include wire transfer and cash deposits. Government ID verification is needed before users are allowed to trade on the platform. The exchange platform charges a transaction fee of 1 percent, while there are no extra charges levied while buying currency. Remitano’s e-wallet feature allows users to transfer funds internationally, as mentioned in the exchange’s review report by aBitGreedy, a cryptocurrency trading guide firm.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]