Ripple (XRP) is one of the largest cryptocurrencies by total market capitalization after Bitcoin and Ethereum.

Luno understands the great potential of XRP for remittances and wants to introduce this token to users in Malaysia.

the expected Ripple (XRP) is to be listed on the London-based “Luno” exchange, which was launched in Malaysia at the end of last October.

Introducing XRP to Malaysia:

Having XRP in their platform is definitely a must, says Mr. Vigar Ayarat, head of Luno’s platform in the Asian region.

He adds by clarifying that Luno wants to expand its offering while adhering to regulatory compliance. He says:

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What we can say at this time is that we plan to increase our cryptocurrency offering with each progress we make, while keeping customer safety and compliance with regulations a top priority for us.

David Lu, Luno’s Managing Director for Southeast Asia says:

The inclusion of the third largest digital token will meet the growing demand in the market.

He adds:

Ripple may finally become available to Malaysians in December or early 2020.

According to Lu, the issue of using Ripple transfers is the main reason behind their decision, as he stated in this regard:

Ripple has a remittance use case that we’re excited about.

That’s why we want to introduce it to Malaysians, because it allows people on the platform to access and learn about it, and learn new ways to use this technology for their benefits.

However, it is not clear whether Luno plans to use Ripple’s products including On Demand Liquidity (ODL), which continues to make great strides around the world.

For your information, “Luno” recently obtained approval from the Malaysian Securities Commission, becoming the first trading platform to obtain approval, which allowed the company to go ahead and announce the recent inclusion of the XRP currency.

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Caliber says:

We are excited that we know the impact that cryptocurrencies and new forms of investment can have on the lives of Malaysians.

Given the high prices of banking services and the forward-looking regulations in Malaysia, Luno is expected to become one of the largest trading platforms out there.

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