XRP News Update: 5 More Additions to further Expand the Global Ripple Network

XRP adoption is rising while the global Ripple network is expanding as crypto and fiat exchange Liquid announced support for XRP, Omni announced XRP cash out, mobile wallet app Paycent integrates XRP, Bill Gates Foundation partners with Ripple and Coil for Interledger Protocol, and UK-based Moneynetint joins RippleNet.

XRP on another exchange

Currently trading above the crucial $0.45 at $0.4645, the world’s 3rd largest cryptocurrency is continuously adding names to grow and expand its network.

Liquid, crypto and fiat currency exchange will add support for XRP that means the cryptocurrency can be used for margin trading and lending on the platform. With 25x leverage, the XRP/JPY, XRP/USD, XRP/SGD and XRP/EUR trading pairs will be up for margin trading.

Later this week we will enable $XRP for margin trading and lending on https://t.co/OR9DJySfgW.

XRP/JPY, XRP/USD, XRP/SGD and XRP/EUR will all be available to margin traders, who can make use of our 25x leverage, while lenders can earn daily interest on their holdings.#BeLiquid pic.twitter.com/yk6YzxvVWJ

— Liquid (@QuoineGlobal) October 17, 2018

Bill Gates foundation onto Ripple and Coil

In another instance, Miller Abel Deputy Director, Principal Technologist at Bill & Melinda Gates Foundation, announced on Twitter:

We are partnering w/ @ripple and @coil to implement the #Interledger Protocol & explore ways #Mojaloop can support pro-poor payment systems. #githubuniverse

— Miller Abel (@MillerAbel_) October 17, 2018

With this, Bill Gates Foundation has expanded its partnership with Ripple in order to reach the countries with poor payment infrastructure.

Ripple and XRP enthusiasts are pumped up with this announcement as one enthusiast shared while clarifying about Ripple and  Bill Gates Foundation already being in a partnership, “They were, but we have confirmation of XRP being used via Coil for payments! Relationship -> Adoption -> Moon.”

Well, some did question out the legitimacy of the account as one stated,

“Joined October 2018, I hope you are the real Miller”, while another one shared, “Let’s all take a step back, and ask if this is a real announcement by a legitimate account. A lot of things don’t add up. I’m calling shenanigans.”

Moneynetint joins RippleNet

Marcus Treacher, global head of strategic accounts at Ripple shared another addition to the growing Ripple Network:

Proud to welcome MoneyNetInt to our growing family of Ripple-enabled payment institutions. The global Ripple network grows & grows. #internetofvalue https://t.co/qEvZxJdXS4

— Marcus Treacher (@marcus_treacher) October 17, 2018

Moneynetint, a UK-based money transfers and currency exchange for corporate clients also shared:

“As of today, we are proud to announce that @MoneyNetInt has joined #RippleNet! Joining @Ripple and their Global Payment Network will allow us to process customers’ #payments anywhere in the world #instantly, #reliably, & cost-effectively!”

Omni allows XRP cash out & Paycent integrates XRP

Meanwhile, Omni the sharing-economy platform is adding support for XRP which back in January closed over $25MM in new capital from the Ripple team among other firms.

Thomas McLeod, founder of Omni announced,

“I’m very excited to announce that we have integrated XRP into our product so Omni members now have the option to cash out their rental earnings to an XRP wallet. This is especially exciting because this is the first time that consumers can get XRP outside of an exchange.”

The idea is when someone rent from you, you will earn money that can be cashed out to XRP or USD. By enabling XRP cash outs, the team is aiming to “lower the barrier to entry for crypto-curious consumers and also reduce the risk because you still own the asset.”

Additionally, recently, Singapore-based mobile wallet app, Paycent that allows users to store both cryptos and fiat for cashless transactions announced integration with XRP. The feature will be available for users by the first week of November 2018.