[2017-05-24] Mint: Ripple partners with BTCXIndia to launch XRP exchange

Ripple partners with Hyderabad-based BTCXIndia to launch XRP exchange

http://www.livemint.com/Companies/iEWQm8Q6MPgLyMCY0maONJ/Ripple-partners-with-Hyderabadbased-BTCXIndia-to-launch-XRP.html

Ripple Labs Inc., a Google-backed firm and the world’s fourth most-funded blockchain start-up , has partnered with crypto-currency exchange BTCXIndia to start a buying and selling facility for XRP (ripple), the crypto-token used by Ripple.

BTCXIndia, managed by Hyderabad-based S Capital Solutions Pvt. Ltd., was started in 2013 by commodity markets trader Kamesh Mupparaju. Before it temporarily suspended trades in April, BTCXIndia enabled trading for bitcoin and ethereum, the world’s largest and third-largest crypto-currency, respectively, by market capitalisation.

“We stopped trading functions to integrate Ripple technology to trade XRP. We are launching an integrated exchange that will allow users to trade in bitcoin, ethereum and XRP all through one user account,” Mupparaju said in a telephone interview.