Home Finance Ripple’s XRP Gains More Adoption – The Coin Launches On Crypto Payment...

Ripple’s XRP Gains More Adoption – The Coin Launches On Crypto Payment Platform With 5 Million Users

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More than 5 million people can now wave goodbye to fiat currencies and start using XRP in order to pay their bills.

BitPinas, the Filipino crypto news site just confirmed that XRP is currently available for use on the crypto payment platform coins.ph.

The site allows users to pay their bills directly in crypto.

Coins.ph was launched back in 2014 and it currently has more than 5 million users with plans to build a more extensive customer base.

They plan to have over 20 million users by 2020. The platform also offers Bitcoin, Ethereum and Bitcoin Cash.

So far, XRP has made its debut on the company’s Android app.

This excellent news for XRP comes after another significant advancement in XRP’s quest for mainstream adoption.

XRP holders are now able to use the Wirex Visa card in order to pay for everyday items.

Just hours after enabling the option, users collectively transferred millions of dollars worth of XRP and began spending it on everyday items.

Ripple might be sued again 

Ripple, on the other hand, is on the verge of being hit by a fourth lawsuit which claims that XRP is a security.

Rosen Law firm is currently investigating whether Ripple Labs violated some federal securities laws regarding its sale of XRP.

The New York-based firm says it “represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.”

The company also stated that it is preparing “a class action lawsuit to recover losses suffered by purchasers of Ripple’s XRP tokens.”

Ripple claimes that the digital asset is completely separate and independent from the company.

CEO Brad Garlinghouse even offered more reasons for which XRP is not a security. You can read about them here.

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I have been blogging and posting articles for over eight years, but my passion for writing dates back in 2000. I am especially enthusiastic about technology, science, and health-related issues. When I’m not researching and writing the latest news, I’m either watching sci-fi and horror movies or checking out places worth visiting and building deep memories for later in life. I believe in empathy and continually improving myself.

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