{"id":545783,"date":"2023-08-04T15:00:18","date_gmt":"2023-08-04T15:00:18","guid":{"rendered":"https:\/\/wncen.com\/?p=545783"},"modified":"2024-06-11T07:55:37","modified_gmt":"2024-06-11T07:55:37","slug":"bitstamp-makes-anticipated-xrp-announcement","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/bitstamp-makes-anticipated-xrp-announcement\/","title":{"rendered":"Bitstamp Makes Highly Anticipated XRP Announcement, But Does It Live Up To The Hype?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">On Wednesday, August, 2, crypto exchange Bitstamp made a <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/bitstamp-major-xrp-announcement-market-hesitates\/\"><span style=\"font-weight: 400\">cryptic tweet<\/span><\/a><span style=\"font-weight: 400\"> teasing a new announcement and development for XRP. The exchange kept its promise and made the announcement. However, did it live up to the expectations and hype?<\/span><\/p>\n<h2>The Big Announcement<\/h2>\n<p><span style=\"font-weight: 400\">Popular digital asset exchange platform Bitstamp has recently <\/span><a href=\"https:\/\/twitter.com\/i\/status\/79481602\" rel=\"nofollow\"><span style=\"font-weight: 400\">unveiled<\/span><\/a><span style=\"font-weight: 400\"> its highly anticipated XRP announcement. The new feature allows users to stake their XRP holdings and earn long-term 2% APY in rewards. This offering is part of the platform\u2019s creative Bitstamp Earn Lending Program, which offers users a reliable and secure means to lend their XRP holdings and earn rewards in return.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/crv\/crv-price-recovers-from-6-month-lows\/\">CRV Price Recovers From 6-Month Lows, What\u2019s Driving The Price?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Bistamp\u2019s lending service stands out because of its numerous benefits that provide participants with confidence in the whole lending procedure. Bitstamp will also not convert or lend users\u2019 assets without explicit consent and instructions. To partake in XRP staking, users of the platform can easily navigate to the Earn Lending column on Bitstamp. While on the section, they will be offered an option to stake their XRP and earn the mouth-watering 2% APY rewards.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To bolster trust and entrench transparency, Bitstamp has partnered with Tesseract, a renowned firm that is specialized in exclusive lending to trusted borrowers. Tesseract will conduct thorough credit and risk evaluations on all prospective borrowers, thereby augmenting the general safety and reliability of the lending service.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitstamp will also render monthly performance reports to enhance transparency. The reports will cover key metrics, such as the risk profile of borrowers, portfolio concentration, and collateral levels.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/gIFErGf3\/\" alt=\"Ripple (XRP) price chart from Tradingview.com\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">XRP price shakes off Bistamp announcement | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<h2>Members of XRP React<\/h2>\n<p><span style=\"font-weight: 400\">The recent announcement has sparked a wave of expectations and reactions within the XRP community. The announcement of the 2% APY on XRP lending has been met with disappointment as community members expected a more groundbreaking revelation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Community members had previously speculated on the nature of the announcement, with some XRP proponents speculating that Bitstamp may consider a full integration with the XRP Ledger (XRPL) decentralized exchange (DEX).\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/crypto\/ukraine-81-million-in-lost-crypto-taxes\/\">Ukraine Government Reveals Crypto Firms Have Cost The Country $81 Million In Lost Taxes<\/a><\/div>\n<p><span style=\"font-weight: 400\">Popular XRP community members like <\/span><a href=\"https:\/\/twitter.com\/digperspectives\/status\/32790275?s=46&amp;t=ONaoR5h_f0U0CUzEjMETuQ\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dig Perspective<\/span><\/a><span style=\"font-weight: 400\"> emphasized that while the 2% APY looks good, the community expected something more remarkable.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">No offense <a href=\"https:\/\/twitter.com\/Bitstamp?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Bitstamp<\/a>. 2% is great but we were looking for a bit more,if you have it to share? <a href=\"https:\/\/t.co\/0iinJWFYi6\" rel=\"nofollow\">https:\/\/t.co\/0iinJWFYi6<\/a><\/p>\n<p>\u2014 Digital PerspectivesPermaBull\ud83e\ude9d (@DigPerspectives) <a href=\"https:\/\/twitter.com\/DigPerspectives\/status\/32790275?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 3, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Whichever way it goes, it remains to be seen if Bitstamp will live up to its promises.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">XRP\u2019s price is currently trading at $0.66, representing a 0.65% and 7.17% decline on the daily and weekly charts, respectively.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, August, 2, crypto exchange Bitstamp made a cryptic tweet teasing a new announcement and development for XRP. The exchange kept its promise and made the announcement. However, did it live up to the expectations and hype? The Big Announcement Popular digital asset exchange platform Bitstamp has recently unveiled its highly anticipated XRP announcement. The new feature allows users to stake their XRP holdings and earn long-term 2% APY in rewards. This offering is part of the platform\u2019s creative Bitstamp Earn Lending Program, which offers users a reliable and secure means to lend their XRP holdings and earn rewards in return.\u00a0 Related Reading: CRV Price Recovers From 6-Month Lows, What\u2019s Driving The Price? Bistamp\u2019s lending service stands out because of its numerous benefits that provide participants with confidence in the whole lending procedure. Bitstamp will also not convert or lend users\u2019 assets without explicit consent and instructions. To partake in XRP staking, users of the platform can easily navigate to the Earn Lending column on Bitstamp. While on the section, they will be offered an option to stake their XRP and earn the mouth-watering 2% APY rewards.\u00a0 To bolster trust and entrench transparency, Bitstamp has partnered with Tesseract, a renowned firm that is specialized in exclusive lending to trusted borrowers. Tesseract will conduct thorough credit and risk evaluations on all prospective borrowers, thereby augmenting the general safety and reliability of the lending service.\u00a0 Bitstamp will also render monthly performance reports to enhance transparency. The reports will cover key metrics, such as the risk profile of borrowers, portfolio concentration, and collateral levels.\u00a0 XRP price shakes off Bistamp announcement | Source: XRPUSD on Tradingview.com Members of XRP React The recent announcement has sparked a wave of expectations and reactions within the XRP community. The announcement of the 2% APY on XRP lending has been met with disappointment as community members expected a more groundbreaking revelation.\u00a0 Community members had previously speculated on the nature of the announcement, with some XRP proponents speculating that Bitstamp may consider a full integration with the XRP Ledger (XRPL) decentralized exchange (DEX).\u00a0 Related Reading: Ukraine Government Reveals Crypto Firms Have Cost The Country $81 Million In Lost Taxes Popular XRP community members like Dig Perspective emphasized that while the 2% APY looks good, the community expected something more remarkable. No offense @Bitstamp. 2% is great but we were looking for a bit more,if you have it to share? https:\/\/t.co\/0iinJWFYi6 \u2014 Digital PerspectivesPermaBull\ud83e\ude9d (@DigPerspectives) August 3, 2023 Whichever way it goes, it remains to be seen if Bitstamp will live up to its promises.\u00a0 XRP\u2019s price is currently trading at $0.66, representing a 0.65% and 7.17% decline on the daily and weekly charts, respectively. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":545797,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[991,4531,13172,10972,78763],"class_list":["post-545783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-bitstamp","tag-xrp","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Bitstamp Makes Highly Anticipated XRP Announcement, But Does It Live Up To The Hype?<\/title>\n<meta name=\"description\" content=\"On Wednesday, August, 2, crypto exchange Bitstamp made a cryptic tweet teasing a new announcement and development for XRP. 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