CoinField Cryptocurrency Exchange to Use XRP as Base Currency

[kreslik.news]

Canada’s cryptocurrency exchange CoinField is exploring the possibility to employ Ripple’s XRP to facilitate transactions as a ‘base currency,’ the venue said on Twitter.

CoinField says XRP could be chosen for its fast transaction speed and low-cost settlement. The token’s blockchain transactions typically settle in under four seconds, allowing for faster multi-exchange strategies and providing a speed advantage over other options.

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If successfully implemented, a total of 30 cryptocurrencies can be quoted against XRP, including bitcoin, Ethereum, bitcoin cash, Litecoin and Zcash.

“We’ve been evaluating the possibility of adding #XRP as the ... (read more)