BOOM FOLKS! Listen we knew this was coming. Nasdaq is one of the smart ones. Why do you think they are going to list XRPLX Liquid Index? Because when Nasdaq goes live with there digital asset exchange they want people to have access to real-time index information of XRP. This is a no brainer what is coming.
Back in March, we wrote an article titled: Bitcoin and Nasdaq – I don’t Think So! XRP is the One…
In this article we made several key points:
John Toll who is Nasdaq’s Head of Blockchain Product Development stated:
“The problem with Bitcoin is that if something goes wrong, you don’t have anyone to call, there’s no one to sue or get your money back, so if they get your private key they can literally steal all your Bitcoins and there is no way for you to get them back.”
Nasdaq also posted an article on their website titled: Will Ripple Buck The Crypto Drop?
This article goes over the hidden strengths of Ripple and how cheap and fast transactions are. It also states how XRP can be used to both facilitate currency transfers and avoid the costs involved in currency exchanges. The sender can use US dollars to purchase XRP, which can be transferred rapidly to the receiver, who can convert the XRP to any desired currency – at that day’s rate, without the commissions usually involved.
So May 1st, Nasdaq will finally list the XRPLX or the XRP Index information. According to the announcement, users can access BNC’s XRP Liquid Index on Nasdaq’s Global Index Data Service (GID Service). BNC’s official announcement reads that;
The XRPLX captures a comprehensive, global sample of liquidity on the highest volume and quality exchanges. Ideal for settlements and accurate spot pricing, the XRPLX API includes 30-second Intraday pricing, End-of-Day OHLCV, and Time & Volume-Weighted-Averages.
XRP’s index on the world’s largest stock exchange is an indication that XRP is achieving mainstream attention.
XRP at the time stands as the 3rd largest cryptocurrency with a market cap of $12,383,470,591. It is presently shot up 4.5% within the past 24 hours and thus trading at right around $0.30 against US Dollar.