Ripple does not stop there, continuing to move very actively in all directions. Ripple is showing really good and reliable strategies that can gradually achieve true leadership. Ripple technologies are quite actively introduced into the projects of various companies due to its high efficiency, as well as smooth operation. Ripple projects are often praised by many experts and figures, indicating that this is the future of financial technology. The rise of Ripple depends on many events. So, BitMEX introduced a perpetual swap contract with XRP and the US dollar, and Tempus recently started working on the Ripple network.
Ripple does not stop there: XRP perpetual swap on BitMEX
BitMEX introduced a perpetual swap contract with Ripple XRP and the US dollar. BitMEX announced that the XRP / USD perpetual swap contract will be available for trading on February 5, 2020 at 04:00 UTC. A new product will be sold without an expiration date. Each futures contract costs $ 1. Users are required to pay a fee for financing every eight hours.
Now traders will be able to open a long or short position on Ripple XRP with a leverage of 100x and invest their money wherever they need. BitMEX has a huge impact on the cryptocurrency market. Bitcoin futures trading volumes have recently exceeded $ 2 trillion. Therefore, such an innovation for Ripple XRP on BitMEX cannot be underestimated, it can be of great importance for the promotion of a digital asset.
The American company Tempus has recently started working on the Ripple network. According to the announcement, integration with Ripple will allow Tempus to work with Canadian payment agent Remitr. This offers significant value to customers by providing fast and secure delivery of CAD payments and optimizing the collection of CAD and USD payments in Canada through ACH debit and in combination with cross-border settlement between Remitr and Tempus. In this way, a smooth flow of business payments between Canada and the USA is ensured.
RippleNet, the global network of banks and payment providers Ripple, supports payments in raw (traditional) currencies such as US dollars, Canadian dollars and euros, and is a safe, fast and cost-effective alternative to the legacy SWIFT system. Working with Ripple also offers Tempus the ability to channel additional currencies through the network in the future.