Binance’s Changpeng Zhao confirms the possibility of Binance partnering with Ripple

The cryptocurrency market has made the coins fight with the bear and hold their places and the one coin that was weak, Bitcoin SV [BSV] lost its place on the top 10 list of cryptocurrencies on CoinMarketCap to Binance coin [BNB] on February 6.

Binance added another feather to its hat and the CEO, Changpeng Zhao, famously referred to as CZ, commented on this achievement and said:

“Many thanks to @CoinMarketCap for updating the $BNB circulating supply. Doing ranking is much much harder than people imagine. Keep up the good work!”

CZ conducted a live Q&A session on February 7, where he answered many questions. The CEO said that Binance will “definitely” partner with Ripple in order to boost its XRP-powered solution xRapid.

The CEO informed that this is a step for the distant future and the two companies are yet to figure out the details. Meanwhile, Binance remains focused on launching Binance Chain and BinanceDEX, its upcoming decentralized exchange.

“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future, we’ll definitely want to add them as a partner.”

When asked about the addition of more XRP quote pairs, CZ said:

“We already added XRP as a base currency. So, in the future, we will look to add more quote pairs, but we want to make sure that every pair we add has decent liquidity.”

Ripple has partnered with various exchanges like Bittrex, Bitso, and Bitstamp, to help it boost the liquidity for xRapid. These exchanges enable the financial institutions to convert their local currency to XRP and send digital assets to any country where it can be immediately converted into fiat.

CZ also answered questions regarding Bitcoin ETF and said that it is gets listed on a big traditional exchange, it will bring a lot of attention from “people outside our industry”. However, CZ added:

“I don’t think ETFs are core to our industry’s growth. With or without them, our industry will grow. I think for our industry to grow we need more entrepreneurs to build real projects.”

With the increasing number of scams, CZ was also asked to opine about the QuadrigaCX Exchange exit scam. At first, CZ refused to comment on other exchanges but later added that “there’s something fishy going on.”

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