XRP, the third largest cryptocurrency, is once again on an upward graph with almost 2 percent within 24 hours. Such spikes in the price of XRP has influenced its wider adoption across market players.
Boom – XRP as Payment
The latest announcement from Uquid reveals that XRP cryptocurrency will be used for various purposes including;
• Instant Mobile recharge
• Mobile Data Bundles
• To pay the Electricity bill
• To buy grocery voucher
• To pay for insurance
• To pay for Pharmacy voucher
• To pay for transportation
• To pay for TV bills and more
Accordingly, the platform allows users to use XRP as a payment for a variety of services – however, it has mentioned mobile recharge via XRP is accessible across 150 countries but electricity bill payment and Insurance with XRP is possible only in Indonesia, Grocery voucher only in El Salvador & Guatemala, Pharmacy voucher with XRP in Guatemala and Philippines, transportation in Nicaragua, TV bills across Dominican Republic, Guatemala, India, Philippines.
Besides all these services in a limited jurisdiction, Uquid also offers PIN-less call service using XRP but only in the United States.
Although Uquid isn’t the first platform that enables XRP’s streamline across the various industry – many other platforms are already using XRP because of its speed and cost-effective feature.
More on Uquid
Nevertheless, in the year 2016, Uquid announced its virtual VISA card that was supporting 40 different cryptocurrencies on bill payments, mobile top-ups, food vouchers and for many other solutions. It claims to be the first platform that offers such service without ID verification. Beside XRP, Uquid’s visa debit card supports other altcoins as well – that includes, Ethereum ETH), Litecoin (LTC), Dash, Monero, Augur, MaidSafeCoin, Steem, Dogecoin and more.
Concerning the similar regards, Tran Hung, founder, and CEO of Uquid earlier said
“The goals of the Uquid altcoin card is to help altcoin users turn their coin into cash and use services instantly. This is a part of Uquid’s goal, which brings all crypto people closer and faster with real shopping products and services. This is included in our plan to integrate Uquid into real shops, where customers can make an instant payment with altcoins.”
Image Credit: CoinMarketCap
Nonetheless to note that XRP at the moment hooking up the rising volume and has eventually gained 1.58 percent over the past 24 hours. Moreover, its average trading volume counts at $14,896,963,130 wherein one XRP is traded at $0.35 against US Dollar.