Ripple (XRP) enthusiasts are claiming that Coinbase’ decision to list other coins instead of Ripple cannot affect the coin due to SBI’s decision to begin a Ripple-Centric.
Last week, Coinbase in a viral post announced it is considering the listing of five coins, namely:
- Cardano (ADA)
- Basic Attention Token (BAT)
- Stellar Lumens (XLM)
- Zcash (ZEC)
- 0x (ZRX)
To the cryptocurrency community, the decision came as a surprise going by the high expectation that Coinbase will list Ripple soon.
Ripple-Coinbase Listing Rumour Was Effective
In March, mere rumour that Coinbase was planning to list Ripple up the price of the altcoin by 16 percent. The rumour was buoyed until Coinbase refuted the claim, insinuating that there was no plan to list Ripple or any other coin.
Does Ripple Have Another Option?
At the moment, XRP has a large number of users in India, and any moment from now Japanese crypto-traders won’t have any other choice than to go for Ripple.
Ripple community, to this effect is seeing Coinbase’ decision not to list Ripple as negligible since a market of large expanse of users is waiting for the crypto-coin in Japan.
Of recent, Ripple unveiled it office in India, and its team members are striving hard to get partners who are willing to use XRP for payments and other beneficial purposes.
In Japan, SBI partnered with Ripple in 2016, launching SBI Virtual Currencies Exchanges (VCTRADE) which is purposely invented to serve Ripple enthusiasts in that enclave.
Noteworthy, SBIVC is going to be the world’s first bank-supported cryptocurrency exchange, interestingly, it is centered on Ripple. However, it recently announced it is supporting other cryptocurrencies.
Prior to the announcement, SBI Remit, a wing of the company is employing the service of Ripple’s xCurrent to power remittance. Remember, the same xCurrent is being deployed by OnePayFX and other reputable cross-border remittance platforms in Europe and South America.
One of the reasons XRP lovers are finding solace in SBIVC is that the exchange has an enormous number of users, and that it is unflinchingly supported by bank.