BitBay, one of the most important Polish cryptocurrency exchanges has decided to add support for Ripple (XRP) and Infinity Economics Token (XIN). This is an important step for Ripple and XIN. Both have different realities and needs, but they have been added to one of the most important cryptocurrencies in Poland.
Ripple and XIN New Cryptocurrencies on BitBay
The information was released by BitBay on Twitter. The company wrote that Ripple and Xin will be available to be traded in the platform. The trading pairs are XIN/BTC, XRP/PLN, XRP/EUR and XRP/USD.
As we have reported at UseTheBitcoin in the past, Ripple is a cryptocurrency that is used most for banks in odder to process cross-border payments. Ripple offers an interesting platform that is very similar to SWIFT, used by banks to send and receive money.
XIN works in a platform known as Infinity Economy. The company explains that Infinity Economy is a platform that allows for different uses and not just a cryptocurrency. One of the main possibilities that this platform allows is to create Smart Contracts. These Smart Contracts can be deployed on the Infinity Economics blockchain and would impulse the Internet of Things (IoT), to the mass market.
Infinity Economy’s webpage reads as follows:
“Infinity is a brand new digital currency that allows individuals to make fast and secure transactions through a decentralized peer-to-peer network. It’s digital cash, so any and all transactions are completely anonymous and without the need for bank transfer fees. Supported by a large community of established and aspiring entrepreneurs, Infinity coin has great potential for rapid growth and expansion.”
In order to celebrate the new support for these two cryptocurrency added, BitBay has decided to open a trading competition. BitBay users will be able to participate in the “Top 200 XIN traders” competition. The prizes will reach 1,000,000 XIN and will be given to the first 200 competitors. The first place will have a price of 100,000 XIN, the second place 50,000 XIN and the third place 40,000 XIN.
Users must complete verification process (KYC) on BitBay before the end of April the 12th.