XRP was just added to a virtual crypto ATM platform that’s installed at thousands of stores all over the world.
“It’s an exciting Monday! We’ve listed #Ripple, available for immediate purchase, via our OTC Private Brokerage Services business and our 21000+ retail locations in Australia, Europe, and Canada!” Netcoins announced.
“While we all welcome this great news, it is important to point out the simple fact that Ripple is a fin-tech company, and is not a cryptocurrency. #XRP is a cryptocurrency. Perhaps you meant to state #XRP?” someone posted under the announcement.
It's an exciting Monday! We've listed #Ripple, available for immediate purchase, via our OTC Private Brokerage Services business and our 21000+ retail locations in Australia, Europe and Canada! Find out more on our newsblog:https://t.co/byrmZd0Tgl#altcoin #altcoins #crypto
— Netcoins (@Netcoins) August 13, 2018
The company made sure to clarify the listing after this.
Netcoins software can be installed on more devices
The company that is based in Vancouver says that its Netcoins software can be installed on computers, iPads, smartphones and more devices.
It can allow retailers to become crypto resellers.
Instead of installing bulky ATM hardware, Netcoins will turn Wi-Fi-enabled devices into virtual crypto ATMs.
The crypto is sold in demopnination of $10, $20, $50 and $100.
Customers will have to use an interface in order to enter their details on the spot, and these include the first and last name, and also their driver’s license.
Vendors will be able to earn a commission on each one of the transactions and will also get to use the service in order to attract mainstream customers who are looking to buy crypto but who are not interested in taking the time to also open an account in a crypto exchange.
The company claims that the in-store process is seamless.
Customers on the check-out line who buy crypto will receive an email detailing the transaction along with a wallet that contains the specified amount of crypto requested.
It allows shoppers to acquire crypto as easily as getting “cash back” at the grocery store.
Overall, this is excellent news for both Ripple and its crypto XRP.