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Coinbase Says “No Decision” has been made for Ripple

Written by Garry Singh

Topic: CryptocurrencyPublished March 7, 2018
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Coinbase Says “No Decision” has been made for Ripple
“No Decision” on New Assets, Coinbase Says Among Ripple Rumorsr
Coinbase is pushing back against stories that it may soon add Ripple’s XRP token to its current trading pairs.
The guess originated after it revealed that Coinbase chief operating officer and president Asiff Hirji might show up close by Ripple chief executive Brad Garlinghouse on a special episode of CNBC’s “Fast Money” program on 6th March. What’s more, in spite of any hard confirmation of the presumed listing, the price of XRP rose to over $1 on Monday.

Following hours of radio blackout on the issue, Coinbase used Twitter to push back against the rumors, expressing that the January proclamation about listing new cryptocurrencies – which subtle elements how a “committee of internal experts” eventually make those decisions – hadn’t changed.

Our January 4th, 2018 statement continues to stand: we have not decided to add additional assets to either GDAX or Coinbase.

As prepared CNBC segment, it’s not clear whether Garlinghouse and Hirji will speak on the panel or show up independently. Host Melissa Lee tweeted a screenshot of a promo for the crypto-themed segment prior today, which likewise records Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.

A representative for Ripple declines to comment on the rumors when reached.\

Ripple has seen a further outstanding month not withstand its cryptocurrency asset XRP losing significantly versus unequaled highs in early January. In mid-February, the organization declared Western Union was additionally trying to use its technology to decrease the time and expenses related to its cross-border exchanges.
XRP has won the attention of its customers’ by shooting up to 1,000 percent at the start of this year as well as new clients; its blockchain startup has become the talk of the crypto industry in 2018.

However, it is essential that the newcomers are aware that the root of all this enthusiasm is due to specific claims by the startup- specifically, that its tech would be possible to transfigure international payments, improving the outdated methods which are followed for payments and money between substantial financial institutions.

According to Ripple, not only are its products cheaper and faster but it also proudly endorses them as being more methodical than the services available in the marketplace nowadays, an assert that emphasizes primarily on its use of cryptocurrency and blockchain technology.

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About the Author

Garry is an experienced entrepreneur, and co-founder of a UK based technology company Quickdesk Solution Ltd., with a demonstrated history of working in the information technology and customer services industry. Skilled in technical writing, he is a strong business development professional with a Bachelor's Degree focused in Information Technology and Masters in Business Administration.