XRP-Based Exchange Forced To Close But Nobody Noticed

XRP-Based Exchange Forced To Close But Nobody Noticed
фото показано с : bitcoinist.com

2020-1-21 15:00

XRParrot, the Netherlands-based XRP-fiat gateway exchange for European customers will cease operations, citing new regulatory requirements. Even more sadly for the exchange, launched and run by Ripple developer, Wietse Wind, is that few seem to have noticed. Dead For Five Days, Neighbours Notice Smell All joking aside, the XRParrot exchange, launched in February 2019 with funding from Ripple’s XSpring, achieved some impressive milestones. By linking a Euro-bank account to their exchange account, customers were able to buy and sell XRP for very low transaction fees. In October last year, the exchange had reportedly converted over 1 million Euro into XRP, making it one of the most popular European XRP gateways. At the time of its demise, XRParrot counted over 3000 active users. Regulations Stifle Innovators Unfortunately, The Netherlands implementation of the latest update to the EU anti-money laundering directive was, according to some, unnecessarily anti-crypto. To ensure compliance with the new regulations, XRParrot would need to pay enormously increased costs for new licence and administration fees. Hence, Wind took the decision to do a controlled ‘soft’ shutdown, making new orders unavailable, while informing users with accidental or automated orders that they would be processed for the last time. Wind took to Twitter to explain his decision, and gratitude to XRParrot’s former users: I am really grateful over 3000 individuals trusted my service, and proud that it has processed a crazy amount of transfers and XRP purchases for EU customers. XRP Starts The Year On A Positive Note Unlike the beleaguered XRParrot, XRP has started the year on a positive note. After languishing at under $0.20 for the second half of December, January has so far seen gains which have taken it within a whisper of $0.25. And this could be just the beginning. If the current lawsuit in the US goes in Ripple’s favour and XRP is designated as a commodity, then some believe that the token will surge to over $500. Do you think regulations are stifling innovators like Wietse Wind? Add your thoughts below! Images via Shutterstock The post appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

exchange noticed ripple run launched even sadly

exchange noticed → Результатов: 33


Ripple, Moneygram Had An Impact On The XRP Token But No One Noticed

In a tweet on August 23, 2019, Breanne M. Madigan, Global Institutional Markets at Ripple blockchain company said the XRP/MXN trading volume on Bitso crypto exchange spiked by over 25%. Also, the surge in trades occurred at a time when MoneyGram began using Ripple’s xRapid technology in Mexico, which shows the technology’s real use case […] The post Ripple, Moneygram Had An Impact On The XRP Token But No One Noticed appeared first on ZyCrypto.

2019-8-24 13:10


Tron Makes Good on Decentralized Exchange Promise as TRX DEX Goes Live on TronScan

Promises have a tendency to be broken. Especially in today's business world, words have a habit of getting lost in the sea of anonymity. It is thus refreshing to note the excitement of Matthew Fetzer, a crypto community member who noticed the Tron decentralized exchange on TronScan. For the uninitiated, a decentralized exchange is an […]

2018-11-11 22:25


Фото:

As Crypto ATMs Gain Popularity, Hackers Are Peddling Malware Targeting the Machines

Observant people living in major urban centers might have noticed by now a new type of ATM popping up. These are called cryptocurrency ATMs, and they do not need cards to operate. They are in place to cater to the need of some crypto holders who want to quickly exchange some of their digital coins […] As Crypto ATMs Gain Popularity, Hackers Are Peddling Malware Targeting the Machines was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-9 16:00


A Creative Incentivized Platform or Just Another Disguised ICO? The CoinBene Debate

Ardent crypto fans have noticed that a new king has taken over the crypto exchange scene – and he brought some friends. With Binance and OKEx having been the undisputed leaders – with the crown switching regularly between the two – the status quo had become virtually unchallenged. Huobi came in third, with Bitfinex, Upbit, […]

2018-6-28 18:00