Article Ripple and Bitrue Strengthen Partnership Ripple and Bitrue have recently taken a significant step toward cementing their partnership by releasing a new promotional video.
Ripple and Bitrue Strengthen Partnership
Ripple and Bitrue have recently taken a significant step toward cementing their partnership by releasing a new promotional video. This video, filmed at Paris Blockchain Week in April 2024, showcases Bitrue’s extensive involvement in the XRP ecosystem since its inception in 2018. With a focus on the technological and strategic collaboration between the two entities, the promotional material reflects Bitrue’s commitment to the development and expansion of XRP.
The promotional video serves as a testament to Bitrue’s longstanding support for XRP, highlighting both current features and future plans. Notably, the video underscores Bitrue’s holistic approach to integrating XRP into its platform, which includes staking, loans, futures trading, among others. By emphasizing these elements, Ripple and Bitrue aim to fortify the narrative of XRP’s growing influence within the cryptocurrency sector.
Innovative Staking Opportunities
In conjunction with the promotional video, Bitrue has launched several enticing staking opportunities tailored to both new and existing users. One notable offering is a unique staking option providing a 7% annual percentage yield (APY) over a concise 7-day period. This initiative is designed to attract users looking to capitalize on short-term yield opportunities within the XRP ecosystem.
Moreover, Bitrue is actively targeting new users with an exclusive staking option that boasts a 50% APY over a mere 3-day lockup period. This remarkable rate is aimed at onboarding new participants and encouraging them to engage with the XRP market through the Bitrue platform. Such strategic incentives highlight Bitrue’s innovative approach to fostering user involvement and liquidity in the XRP ecosystem.
Comprehensive Support for XRP
Beyond staking, Bitrue has consistently demonstrated its support for XRP through various innovations. Notably, Bitrue offers 0 withdrawal fees for XRP, making it a cost-effective option for users. Additionally, Bitrue has developed features such as a low-interest crypto lending platform and a passive income instrument known as Power Piggy, both of which cater to XRP holders seeking diversified financial tools.
Related: XRP, Bitcoin Could React to Inflation Data
Further solidifying its commitment, Bitrue operates a Unique Node List (UNL) XRPL validator, providing crucial support to the XRP Ledger’s infrastructure. This technical investment underscores Bitrue’s dedication to enhancing the robustness and scalability of the XRP ecosystem. With multiple projects poised to launch on the XRP Ledger in the coming months, Bitrue is set to play a pivotal role in advancing XRP’s position within the dynamic cryptocurrency market.
Quick Summary
Article Ripple and Bitrue Strengthen Partnership Ripple and Bitrue have recently taken a significant step toward cementing their partnership by releasing a new promotional video. This video, filmed at Paris Blockchain Week in April 2024, showcases Bitrue’s extensive involvement in the XRP ecosystem since its inception in 2018.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
