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US Treasury Approved Exchange Announces XRP Listing

The price of XRP could reach greater heights with the latest developments in the community. U.S.

XRP debuts on US Treasury-approved exchange

On Saturday, March 16, Atlantis Exchange announced that it would list XRP for trading. This listing is important for the altcoin because Atlantis Exchange is one of the few exchanges for cryptocurrency trading registered not only with the United States Treasury, but also with the United Nations.

This list places XRP among around 50 cryptocurrencies currently traded on the platform. Deposits for users opened on March 13th and trading on the platform officially began on Monday, March 17th. Trading is also expected to continue for three days before users can withdraw XRP tokens from the exchange, which will open in March. twenty.

Furthermore, the network for depositing XRP to the crypto exchange is the BSC network. This means that users who want to send tokens to Atlantis must ensure that they are actually using the BSC network to transfer the tokens. Otherwise, they may end up losing their coins. The cryptocurrency exchange has not yet integrated the XRP Ledger into the platform, which means transactions cannot be made to and from the exchange using the native blockchain.

Nothing but praise

In posts announcing the listing of the XRP token, Atlantis Exchange also took time to praise the cryptocurrency. The exchange highlights the fact that the token is used for international transactions, highlighting its ability to confirm transactions in 3 to 5 seconds.

The exchange also sees a bright future for the price of XRP. In its post announcing the listing of XRP for trading, Atlantis Exchange predicted that the altcoin’s price could rise another 100x. Now, the viability of this is questionable, but it shows that Atlantis believes the altcoin will perform well in the future.

As for the token’s price, it is experiencing a slow start to the week, with slight gains of 0.42% in the last day. However, its current trading value of $0.611 means the coin is down 2.54% in the last week. However, it remains the sixth-largest cryptocurrency in the space, with a market capitalization of $33.48 billion.

US Treasury Launches Cryptocurrency Awareness Program

The US Treasury Department is launching a cryptocurrency awareness program. “We’re just trying to raise awareness without trying to weed out new technologies and innovations,” a Treasury official said.

Treasury Efforts to Raise Cryptocurrency Awareness

The US Treasury Department is launching an initiative to raise awareness of investing in cryptocurrencies, Reuters reported on Tuesday, citing an interview with Nellie Liang, assistant secretary for internal finance at the Treasury.

“We are hearing more and more about investors and families buying crypto assets, and we recognize the complexity of how some of these assets operate,” Liang described, adding:

It seemed that this is also an area where more education (and) more awareness could be useful.

The Treasury Financial Literacy Education Commission will create educational materials and organize outreach activities on digital assets. Treasury’s education unit comprises 20 different government agencies, including the Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC).

The government aims to educate the public on how cryptocurrencies work and how they differ from other forms of payment. The Treasury’s outreach will focus on investors with limited access to key financial services, Liang said.

The Undersecretary explained that while there are risks associated with cryptocurrencies, the Treasury is aware of its benefits, such as improving cross-border payments or improving financial inclusion.

Liang clarified:

We are just trying to create awareness without trying to eliminate new technologies and innovations.

President Joe Biden issued an executive order on the regulation of cryptocurrencies on Wednesday. The order directs Treasury Secretary Janet Yellen to report within 180 days on the future of money and payment systems, “including the conditions driving the widespread adoption of digital assets,” the White House said.