Rumors have started to swirl after Michael Arrington, a tech figure and managing director of Arrington XRP Capital, an XRP-denominated crypto hedge fund, posted a photo this week with Binance CEO Changpeng “CZ” Zhao and Ripple (XRP) Senior Vice President Ethan Beard.
Given that XRP investors have long awaited a fiat-to-crypto option, the latest photo has spurred many to speculate that such a listing could be just around the corner. Some investors even went as far as to take this photo as an indicator that Binance is considering adopting XRP as its base currency, an idea that was also recently floated by Weiss Ratings, an independent rating firm for stocks, mutual funds, cryptocurrencies, ETFs and financial institutions
The photo took place in Liechtenstein, which is the site of Binance LCX, a joint venture between Binance and LCX to create a fiat-to-cryptocurrency exchange. The new exchange will initially provide support for currencies including euros (EUR) and Swiss francs (CHF), before adopting more fiat markets overtime following regulatory approval. While no specific cryptocurrencies have been announced for trading, the presence of the Ripple team indicates XRP could be included.
Arlington also Tweeted a photo of his “crash pad” in Lichtenstein. After the Tweet was posted, CZ replied with a Tweet of his own, stating that he could post a similar photo that might “reveal too much.”
Lol, If I posted this photo (my own photo, probably just a couple hours apart from yours), is it too much of a coincidence? And reveal too much? pic.twitter.com/1cXBbo8bvz
— CZ Binance (@cz_binance) August 15, 2018
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.