The Ripple community really wants to start spending XRP in the real world and here’s how they are starting the movement.
The crypto debit card company called Wirex added XRP as a payment option and said they received $2 million worth of XRP deposits in just 12 hours.
Wirex allows its users to spend their crypto using Visa and MasterCard. They gained the ability to buy, sell, exchange and deposit XRP directly into their Wirex wallets.
Take a look at everything customers can do with their Wirex XRP wallet:
- they can convert XRP to fiat and spend it with the Wirex card
- users can buy, sell, exchange and deposit XRP in-app
- users are able to exchange 50 supported altcoins with XRP
- users get the ability to exchange between USD, GBP, EUR, BTC and LTC
- users can transfer crypto for free between Wirex users
The card supports over 50 cryptos, and it’s currently available to customers in the ETA.
Ripple, a perfect way to move money across borders
Ripple made headlines again after Michael Arrington, the TechCrunch founder has some pretty fascinating insight on his experience in the cryosphere.
His hedge fund is called Arrington XRP Capital, and it currently boasts 35 crypto companies in its portfolio.
The company was launched back in 2017 and is denominated in XRP.
Investors contribute XRP to the fund instead of fiat currency, and distributions and fees are also paid in XRP as well.
“Ripple – or, in this case, XRP is the actual currency – is a really, really good way to move money,” Arrington told CNBC’s Crypto Trader.
“What it is is a fantastic way to move money, and while the other more decentralized cryptocurrencies sort of finding their way toward becoming more efficient, in the meantime XRP is fantastic. And so from a hedge fund point of view, it’s great to denominate ourselves in XRP,” Arrington continued to explain.
It seems that Ripple is doing pretty good these days and the future looks brighter with each passing day.