Last week, Bit-Z, a popular crypto exchange based in Hong Kong announced that they were adding XRP support. The crypto coin will be paired against the USD.
The exchange has been in operation since 2016. It has a physical presence in ten different countries, concentrating with Asian nations such as South Korea, Japan, and Singapore. According to Tokeninsight, a professional assessment agency, the platform is the world’s fourth most important cryptocurrency exchange.
Bit-Z Offers Many More Services
The company is involved in more than just crypto services. They also offer games, finance, electronic commerce, and social networking.
While several crypto assets are now available on Bit-Z, a few weeks ago it was not possible to buy any assets directly on the platform. The process involved transferring Bitcoin from your wallet to your account on the website. Then one would proceed to trade the BTC for other available coins.
Anyone who has been involved with cryptocurrencies as a retail investor knows this is how most exchanges work. Few platforms allow users to buy crypto with a credit card or debit card directly.
However, Bit-Z has always been ahead of the curve even before listing XRP. The platform has been offering “OTC Trade” where one can use USD or Chinese yuan to buy BTC, ETH or LTC.
The purchases are done off the platform, but once one has obtained the coins, they can transfer them to their Bit-Z account.
The platform also accepts a wide variety of payment methods including cash deposit, AlyOPay, wire, Neteller, PayPal, WeChat, Western Union, and MoneyGram.
The information presented is adequate to show that, Bit-Z has been innovative in widening its crypto horizons to a variety of users including those that are not experts in digital assets or the blockchain technology.
By adding XRP/USD pair, they have now gone a step further than most of their competitors.