Changanceg Zhao, CEO of Binance, said the leading crypto exchange will "definitely" work with Ripple to strengthen its XRP-based payment solution xRapid.
So far, Zhao said, the two companies have not yet begun to work out the details and details. For the immediate future, Binance continues to focus on the introduction of Binance Chain and the upcoming decentralized BinanceDEX exchange.
"We are now focusing on introducing more features, so we are working with a number of other partners. There is nothing wrong with xRapid at the moment, but in the future we definitely want to add it as a partner. "
Ripple has already partnered with the crypto exchanges Bittrex, Bitso, Coins.ph and Bitstamp Increase liquidity for xRapid. The exchanges will allow financial institutions to convert their national currency into XRP and send the digital asset to another country, where it will immediately be converted back to Fiat.
The process takes a few minutes from start to finish By the time the money is in XRP, it's limited to seconds.
Ripple developed xRapid to give international companies the ability to raise money without depositing bank accounts around the world.
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