Bittrex, one of the leading kryptomere announced that starting from August 20 on their platform start trading Ethereum Classic (ETC) and Ripple (XRP) in pairs with Vietnam the U.S. dollar. He writes about this .
“Get ready! We are expanding the number of trading pairs with USD on @BittrexExchange. 20 August we are launching a tender for ETC and XRP”.
Get ready – we’re adding more US dollar (USD) on markets . On August 20, we’re launching USD (fiat) markets for ETC & XRP.
— Bittrex (@BittrexExchange)
Bittrex said that the reason for adding steam trading XRP/USD and ETC/USD on their platform is to enable its customers to buy cryptocurrency with USD directly.
Also, the site reported that the introduction of the dollar pairs is a step towards the adoption of blockchain technology. It will also reduce the dominance and influence of one specific cryptocurrency on other tokens in Cryptoprotected.
“We will continue to add tokens to our USD markets, providing customers with more convenient, fast and safe trading options, as well as access to some of the most innovative projects in the world of the blockchain”.
After adding XRP and Bittrex ETC will have a total of six cryptocurrency pairs with the US dollar. Other cryptocurrencies include bitcoin [BTC], Ethereum [ETH], Tether [USDT] and TrueUSD [TUSD].
In reaction to this news one cryptoanalysis on Twitter wrote the following:
“Okay. Now let’s see if BTC and ETH to compete with XRP on a more level playing field. Easy to use network effects, when users have no choice, but now it’s a choice between passing a 3.5-second transmission 0.00001 XRP and 1-hour transfer a few dollars!”