Finance
Wirex Integrates XRP into Their Payment Platform
$2 Million in XRP Deposited During the First 12 Hours
One of the most prominent providers of Visa cryptocurrency debit cards, Wirex recently announced that users are now able to deposit and use Ripple’s XRP token on their system.
The adoption of cryptocurrencies is, and always has been, one of the main subjects of any discussion connected to the future of blockchain-based currencies. The ability to spend their favourite coin to buy groceries, bread, milk, or just get some cash from the ATM is a cruciality for a larger-scale adoption.
By spending cryptocurrency directly via debit card, users can completely substitute the formerly used FIAT currencies for crypto of their choice.
Until recently, debit cards supported Bitcoin (BTC) exclusively, as the first and most trusted digital asset, which boosted its dominance across the cryptocurrency market.
Lately, with faster development of top Altcoins, the situation is changing.
A Major Positive for All the XRP Holders
The XRP token, issued by the FinTech company Ripple, got the support it deserved, considering the number of its supporters.
The Wirex inclusion gave the large Ripple supporters community the chance to use the XRP as cryptocurrencies were intended to be used – as the means of payment.
During the first 12 hours after the announcement, Wirex announced that the amount of $20 million in XRP had been deposited to the Wirex system. The overwhelming numbers can be interpreted as the confirmation of the XRP’s growth perspective.
Even though the price of XRP has been shaken down by the bear market, this piece of news can trigger a wave of investments motivated by the investors’ need to bypass Bitcoin’s slower and costly transactions in everyday payments.
Twitter user Marc C commented on the announcement: “About time to give us the option to receive the cryptoback on purchase in XRP instead of slow and expensive, energy-consuming Bitcoin.” Do you have the link to the direct tweet?
Wirex XRP Wallet Offers Many Possibilities
By owning a Wirex debit card, their clients can convert XRP to fiat and spend it with the Wirex card. Buy, sell, exchange and deposit XRP in the Wirex application. Exchange XRP with 50 supported altcoins, or USD, GBP, EUR, and Bitcoin, and transfer XRP between Wirex users for free.
Nevertheless, the Wirex debit card is available to the citizens of the European Economic Area (EEA) exclusively, which include all the countries of the European Union, with the addition of the United Kingdom, despite the notorious Brexit.
The Newly Established Partnership Benefits Both Parties
Wirex claims that 1,5 million clients use their services. That number can exponentially grow now that all the XRP owners have a well-oiled spending channel, while cryptocurrency enthusiasts gain yet another way to bypass the traditional FIAT-based financial system.
Related post:
Coinbase Rolled Out Cryptocurrency Gift Cards in Australia and Europe
You have mentioned very interesting details! ps nice web site.
Thanks for the a new challenge you have disclosed in your article. One thing I’d prefer to comment on is that FSBO connections are built with time. By presenting yourself to owners the first end of the week their FSBO will be announced, ahead of masses begin calling on Wednesday, you produce a good link. By mailing them resources, educational supplies, free reports, and forms, you become a good ally. Through a personal desire for them in addition to their predicament, you produce a solid network that, many times, pays off once the owners opt with an agent they know in addition to trust – preferably you actually.
Im grateful for the post.Thanks Again. Really Great.
Hi, i think that i saw you visited my web site so i came to “return the favor”.I’m trying to find things to improve my web site!I suppose its ok to use some of your ideas!!
The team at amcauto.co went above and beyond to ensure my satisfaction with my purchase. I couldn’t be happier with my new truck!
Great article. It is quite unfortunate that over the last ten years, the travel industry has had to take on terrorism, SARS, tsunamis, bird flu virus, swine flu, as well as first ever entire global downturn. Through it the industry has really proven to be effective, resilient and dynamic, getting new methods to deal with hardship. There are usually fresh problems and opportunity to which the field must once more adapt and answer.
I have been absent for some time, but now I remember why I used to love this website. Thanks, I will try and check back more frequently. How frequently you update your web site?
I am incessantly thought about this, appreciate it for posting.
It’s actually a nice and useful piece of information. I’m glad that you just shared this helpful information with us. Please stay us informed like this. Thanks for sharing.
The cause we all want better odds is actually remarkably straightforward.