A new Ripple-based exchange has been launched by the FlashFX as an effort in increasing the mainstream adoption of cryptocurrencies in Australia. The CEO of FlashFX, Nicolas Steiger explained, “We are excited to be part of the growth in international payments processing. It is about time that consumers and businesses saw a significant change in how money moves across borders.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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