Ripple (XRP) Beefs Up Confidence, Crashes Claim It Is Not Viable

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In spite of the greatness brought towards Ripple (XRP) through partnerships with countless leading companies in the financial industry, observers and lovers of the Cryptocurrency have incessantly questioned the potency of Ripple’s token, XRP in real-world use cases due to its low adoption.

In a latest development where Ripple was featured with Wirex, to produce a Ripple wallet, XRP is now beefing up confidence in its users, crashing claims it has no viable use cases.

Earlier when the downplay against XRP was up in the air, Brad Garlinghouse, the founder and CEO of Ripple, at the Amsterdam Money 20/20 event hosted by CNBC, mentioned that soon when banks begin to use XRapid, XRP will fully come to play.

He added that with XRapid, banks will no longer need to prefund accounts to execute cross-border transactions.

Ripple (XRP) Wirex Wallet

In the latest launch of Ripple wallet by Wirex, it has been taunted that users can now trade, buy and sell things with Ripple XRP with the use of the wallet.

Other things that can be achieved with wallet includes;

  • Easy conversion of XRP token to fiat currency.
  • Smooth spending of XRP token with Wirex card.
  • Smooth linking of the Ripple wallet with your debit and credit card.
  • Exchange of XRP with GBP, BTC, EUR, LTC, USD and 50 other supported altcoins.

The crypto wallet company producer, Wirex, stated in a release that the latest innovation will be made available for only verified European Economic Area (EEA) users.

For verification, users only need proof of ID and a selfie, and the verification will be done in two minutes.

The development placed Wirex as the first digital money platform that permits the exchange and trade of Ripple as a traditional currency.

About Wirex

Founded in 2014 by Pavel Matveev, Dmitry Lazarichev, Wirex is a UK based company specialised in the production and linking of Cryptocurrency wallet with Visa debit cards. The platform has over 900,000 users in 130 countries.

Conclusion

When Stellar (XLM) partnered with Tempo, a French remittance company, many opined that Stellar may soon override Ripple in the market because Tempo, in the partnership promised to use Stellar’s XLM in facilitating global money transfer.

But with the latest Ripple wallet launched by Wirex, they must have been retracting their view about Ripple and its token, XRP.

Image Credit: Ethereum World News

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