Ripple (XRP) To Soon Be Available In The Philippines Through This Platform

The Ripple website’s buyer’s guide lists all the exchanges that a trader can buy XRP. The list includes the popular exchanges of Bitstamp, Kraken, Coinone, Bitso, Coincheck, Korbit, Qryptos, Bitbank, Bitsane, BTC Markets, LiteBit, Bitcoin Co. Ltd, Gatehub, bitcoin.co.id, CEX.io, BitOasis and SBI Virtual Currencies.

Many Ripplers already know that the SBI Virtual Currencies exchange went live only a few days ago. In the announcement, the SBI Group wants XRP to be the centerpiece for the trading platform. The exchange went ahead and listed XRP as the only digital asset that will be available at first.

The exchange has since added Bitcoin (BTC) and Bitcoin Cash (BCH) to the website’s buyers guide on cryptocurrencies. Further investigations yield that the exchange will allow pre-registered users to start trading in the new cryptocurrencies as early as Monday 18th of June. All three cryptocurrencies of XRP, BTC, and BCH will be paired against the Japanese Yen.

Revisiting the Ripple buyers guide once again, yields an exchange or platform that has been listed as ‘coming soon’.

SBI Virtual Currencies next to a ‘coming soon’ exchange on the Ripple website’s buyers guide

This new platform that XRP will be listed on, is known as Satoshi Citadel Industries (SCI). A quick google search indicates that the platform is based in the Philippines. SCI deals with payment processing as well as international remittances. The latter is a field XRP has specialized in, making the listing on SCI even more exciting.

SCI also deals with mobile money payments and currently has an app known as Rebit that works on the Bitcoin network. Rebit allows users to transfer funds globally as well as other payments such as payroll, payment of monthly bills and loading mobile phones with prepaid talk time. Perhaps SCI and Ripple will come up with an xCurrent powered app similar to the one showcased by Santander only a few weeks ago.

Back in May last year, SCI had declared their intentions of listing XRP on their platform. In the announcement, they said that:

“SCI will soon start supporting Ripple’s XRP across several of our services. Starting with Buybitcoin.ph, our users will be able to buy and sell XRP with Philippine Pesos fast, safe, and easy, with support on Rebit.ph for remittances and Bitbit.cash for mobile money to follow in future integrations.”

As soon as SCI integrates XRP, then the liquidity of the coin would have expanded to another global powerhouse in mobile App remittances. The sky is the limit for Ripple in the remittance industry.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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