XRP Will Become Available for Purchases by Fiat in UK and France: Details

Xumm Wallet announces expansion of its XRP ramp solutions, with plans already in place for UK and France

ability to buy and sell XRP For fiat currencies will soon be available in France and the United Kingdom. It was announced by official twitter account of Zoom Wallet, which is implementing on- and off-ramp solutions in its XRPL-built app. Such functionality has recently become available for users in the Netherlands.

We recently launched Xumm Onramp/Offramp Fiat<>XRP in The Netherlands 🇳🇱 We will soon add the UK 🇬🇧 & France 🇫🇷.

But we can't do this alone. We worked with @btcdirect & @BanxaOfficial to add Onramp/Offramp for many more countries at once. BTC Direct for the EU 🇪🇺 & Banxa for 🌎 pic.twitter.com/WSKQ6CnCdc

— Xumm Wallet (@XummWallet) December 8, 2022

Xumm’s plans are to go global, according to the announcement. The wallet team plans to achieve this with the help of its partners, BTC Direct and Banxa, where the former is responsible for development in the European part of the world. Banxa, on the other hand, covers a little more of the world and is already available in Asia, Europe and America.

Also interesting is a comment by Viets Wind, the lead developer of Zum Wallet and XRPL, regarding Moonpay, a well-known crypto-fiat payment solutions provider. According to Wind, Moonpay will not appear in the Xum wallet as it does not meet the standards, and has also been rejected by the compliance officer.

Inside options

For those who do not want to directly exchange XRP into fiat but are looking for a safe haven within the XRPL ecosystem, their own stablecoin, USDS, should be launching soon. The option to create and redeem USDS is already available both on the partner website, Stably, and in the Xumm Wallet.