E Point Perfect

XRP Can Now Be Easily Bought in Europe Straight from Bank Account, Here’s How


XRP Ledger’s lead developer, Wietse Wind, reports that an on-ramp solution has been added to the Xumm Wallet. With the innovation, users will be able to buy XRP for fiat through Xumm directly from their bank accounts.

At the moment, the new product is only available in the Netherlands, the home country of the Xumm Wallet developers. However, according to Wind, there are plans to expand to Belgium, Germany and the UK. Among other things, an off-ramp solution will be added later to the wallet to allow the process of selling XRP for fiat currencies.

Too exclusive option

Interestingly, in order to use the innovation, Xumm users will have to sign up for two subscriptions: first for the pro version of the wallet, and then separately for €5 per year to connect the ramp functions. On the other hand, there are no further commissions or charges for deposits or withdrawals.

In addition, you must have a Dutch bank account, a residential address in the kingdom and a Dutch passport in order to complete the necessary verifications. On this side, it seems that using Xumm in terms of purchases for fiat is still limited for many.


One may recall the experience of another XRPL project, onXRP, which previously introduced an on-ramp solution with Banxa which, while also having some restrictions for users from certain countries, seems simpler at the moment.


Source link

Related posts

SuperOne Blockchain Gaming Company Partners with Footballco and FIFPRO

Shiba Inu (SHIB) Makes Important Comeback

79.1 Million ADA Bought by These Investors, While Bigger Whales Stop Dumping Cardano

Fundamental BTC Cross About to Happen On-Chain, Here’s What It Is

18 Million Worth of XRP Now Controlled by Largest BSC Whales: Details

Here’s Why TKO Pumps 97% and What Binance Has to Do with It