The latest update in town reveals that Ripple’s XRP is set to compete with Bitcoin in Taiwan, as the former gets huge support from a renowned exchange in the country.

According to reports, Bitcoin, since 2014, has been made available for purchase in more than 3,000 convenience stores in Taiwan, however, making other coins face stiff competition in the country. Added to that, Bitcoin is easily purchasable with the country’s national currency.

The third largest cryptocurrency by market cap, XRP, seems to be making headways to stand a better chance in getting more awareness in the country.

Known as BitoEX, a company offering Crypto Wallet and Exchange services announced the listing of XRP for trade on its platform.

According to the update revealed by the platform via twitter, XRP, will henceforth, be tradable against the new Taiwan dollar (TWD) amongst some other currencies which includes BTC ETH and USDT.

【New Trading Pairs】XRP trading pairs goes live today! BitoPro officially launches Ripple (XRP) spot trading for TWD/BTC/ETH/USDT by 12 PM (UTC+8) of 29th April, 2019. We invite fellow traders to come place your orders! pic.twitter.com/V4VDPSHW5q — BitoEX (@BitoEX_Official) April 29, 2019

With the aim of finding a lasting solution to the glitches in the country’s financial industry with blockchain technology, BitoEX unveiled its crypto exchange platform in the year 2018 with 250,000 members.

Established in year 2014, BitoEX is dedicated to offering a secure and less volatile crypto transaction services to better the experience users get in acquiring crypto assets.

While India remains a hostile region for cryptocurrency, BitoEX hinted that it is highly focused on expanding its reach to India and other countries like Singapore, and Malaysia.

XRP Market Rising Uninterruptedly

In recent times, the number of crypto exchanges adding support for Ripple’s XRP is increasing unexpectedly. In the past the crypto coins did not make enough appearances on exchange platforms compared to the likes of BTC, LTC, and ETH, probably due to its late emergence into the crypto market.

However, XRP, despite traduces from naysayers, has begun catching up with the above stated coins.

Recently, it was announced by Today’s Gazette that XRP has surpassed 1000 market milestone across 318 exchanges around the world. Ripple’s XRP is going places. The good impression created by altcoin is pushing it ahead.