Ripple Investors Can Now Use XRP Tokens Like Cash in Over 40 Million Locations via Spend.com

2019-2-18 01:12

Cryptocurrency has been experiencing a rather rough season and has been stuck in a bear market for significant amount of time. However, prices have been balancing out a little better, making it a good time for Spend.com to announce one of their latest listings.

Though they just announced services available for Litecoin and DASH, the company has now made it possible to use XRP, Ripple Ledger’s native currency.

The announcement on Twitter said, “#XRP is now available on the #SpendApp. Buy/Sell $XRP with your bank account. Exchange XRP with all supported assets. Spend XRP at 40+ million locations with the Spend Wallet by instantly converting to fiat on the #Spend Visa Card!@Ripple @bgarlinghouse @chrislarsensf @JoelKatz”

Ripple has been working hard to make the XRP token available to consumers and investors around the world, adding themselves to different exchanges and various services.

However, one of their main concerns has been in relation to regulations, establishing themselves as a utility token. By classifying as a utility token, it becomes exempt from the regulations of the SEC.

By being available through Spend.com, XRP truly becomes available wherever needed. There are 40 million locations available to spend XRP and other listed tokens, which spans across 180 countries. Much of the reason that Spend.com is able to offer this widespread application is because they’ve partnered with Visa, meaning that crypto and fiat can be spent wherever Visa is accepted.

When asked by a user on Twitter whether the XRP tokens need to be converted to fiat currency, Spend.com clarified,

“When using the card, it converts on the fly. All you have to do is activate the asset and swipe! The Spend Authorization Engine converts to local fiat currency prior to loading on the network.”

While using the Spend Wallet, any users can spend, store, send, and receive over 16 different cryptocurrencies that are presently listed online. There is also an option of converting to and from fiat currency on the app, though it is not necessary for spending via the card in POS transactions.

To further protect and support consumers, Spend adheres to KYC compliance rules, and uses AES encryption with PCI DSS Level 1 Certification.Unlike other wallets that allow cryptocurrency, consumers are able to get loans on the Spend app. After an evaluation of the user’s credit rating, the user will determine their interest rate on the loan, which is around 11%.

However, the loan feature is only available in certain regions at the moment. The Spend App has been making more progress lately as they have added new partners like XRP, BNB and EOS. However, due to a recent issue on the Android version of their app, the program has been pulled “while we work to create an experience similar to the iOS Spend App,” according to a Twitter post from Spend.

#XRP is now available on the #SpendApp. Buy/Sell $XRP with your bank account. Exchange XRP with all supported assets. Spend XRP at 40+ million locations with the Spend Wallet by instantly converting to fiat on the #Spend Visa Card!@Ripple @bgarlinghouse @chrislarsensf @JoelKatz pic.twitter.com/bv3LKtErhM

— Spend.com (@SpendCard) February 16, 2019

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Spend (SPEND) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SPEND

spend time better little making litecoin dash

Источник: bitcoinexchangeguide.com

spend time → Результатов: 76


NeuralTrade Network ICO

Most people are desperately seeking financial freedom in their life. Sadly financial freedom remains a dream to them or an elusive theory that forever escapes them. The biggest problem around financial freedom is some magic formula or some secret success model that they believe exists, they spend an endless amount of time, effort and even resources in obtaining this magic formula or the secret success model.

2019-2-15 22:51


Everybody hates cybersecurity professionals

What’s the worst job you’ve ever had? I’ll start. When I was 20, I spent six long months working as a Sharepoint developer for a massive UK-wide charity. Our team was small and horrendously overstretched, and I often helped out with helpdesk calls, where I’d inevitably spend much of my time explaining our stringent password requirements to disgruntled non-technical staff.

2019-1-25 16:59


Coinbase позволит клиентам из США менять криптовалюту на подарочные карты

Одна из крупнейших криптовалютных бирж Coinbase сообщила о запуске программы «12 дней Coinbase», в рамках которой компания ежедневно в течение 12 дней будет представлять пользователям новое обновление.

2018-12-11 18:52


Американские пользователи Coinbase смогут конвертировать криптовалюты в подарочные сертификаты

Крупнейшая американская криптовалютная компания Coinbase объявила о расширении партнерства с лондонским стартапом WeGift. Coinbase customers in the US can now spend crypto balances on @WeGift e-gift cards—just in time for the holidays.

2018-12-11 10:23


Фото:

Check Out If You Can Spend Bitcoin Before You Book Your Next Holiday

Buying your travel money can be a bore, what if you don’t actually need to buy any? What if your next holiday destination is saturated with stores that accept Bitcoin and of course, Bitcoin ATMs? It’s probably worth checking out before you travel, right? Now you should probably note that if you’re traveling to a remote location, like a small Greek island or a Caribbean retreat, Bitcoin acceptance may be a little lower than you would like, therefore this guide is more suited to those travellers who are off on city breaks, where Bitcoin acceptance is likely to be at an all time high.

2018-9-28 11:30


PrimeX ICO

The PrimeX Wallet will be an advanced yet user-friendly platform, providing users anywhere in the world with unified electronic wallets for all of their cryptocurrency fiat savings. The PrimeX Wallet will provide a real-time conversion service between fiat and cryptocurrencies, meaning users will not have to convert their cryptocurrency holdings to fiat in order to spend them.

2018-9-24 18:02


Фото:

How To Choose The Best Blockchain Project For Your Business

If you’re a business owner, or work for a major corporation that wants to tap into the blockchain, you’ve got two options. Develop your own technology, or work with an established brand. Of course, building your very own bespoke blockchain service is going to be costly and time consuming, you’ll need to recruit a whole new time and spend an awful lot of time doing extensive technical research yourself.

2018-9-19 16:30


Фото:

Monoprice’s MP80 are $80 earbuds with tweakable sound well beyond their price class

There’s never been a better time to buy a pair of earbuds. It’s also never been more confusing. In the past few years, there has been an explosion of choice among in-ear-monitors (IEMs). It used to be that the only decent options came were expensive models from a handful of reputable audio companies, but nowadays you’ll find dozens of bang-for-your-buck options from a myriad of young brands.

2018-9-5 23:30


Фото:

Everything. Everything. Absolutely Everything. The Truth Behind Blockchain Potential.

Investors and blockchain advocates spend a great deal of time discussing crypto markets and values: but the underlying blockchain technology is what truly makes cryptocurrency disruptive. And the truth is that if an item appears on a shelf, whether made by humans or plucked from the earth, then in the very near future, it will […] The post Everything.

2018-8-13 20:20


дальше еще 27 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum supply up by 100,000: What about ETH's 'deflationary status'?

Ethereum loses ultrasound money status. Total supply has increased by over 100,000. Ethereum [ETH] has transitioned from being labeled “ultrasound money” due to the EIP-1559 upgrade, whiThe post Ethereum supply up by 100,000: What about ETH's 'deflationary status'? appeared first on AMBCrypto.

Signs of an altcoin season - Why we aren't in one yet?

Altcoins have performed well in a six-month window, but it does not signal an altcoin season. The Bitcoin dominance chart could see accelerated gains for altcoin market capitalization. BitcoThe post Signs of an altcoin season - Why we aren't in one yet? appeared first on AMBCrypto.

Ethereum's 28% drop: What happens if ETH's $2,850 support fails?

ETH was trading at a significant support level. Key technical indicators hint at the possibility of a continued decline in ETH’s value. Leading altcoin Ethereum [ETH] is clinging to a crucThe post Ethereum's 28% drop: What happens if ETH's $2,850 support fails? appeared first on AMBCrypto.

Ethereum ETFs see declining interest: What does it mean for the future?

Declining on-chain volume in ETH indicates waning interest ahead of ETF verdict. A financial institution predicted a delay for Ethereum ETF, but not an outright rejection. Some major events The post Ethereum ETFs see declining interest: What does it mean for the future? appeared first on AMBCrypto.

Ethereum price prediction: Is $2500 the next bearish target for ETH?

Ethereum showed a bearish market structure and could be headed for $2.5k. The OBV slipped below a key level as selling pressure increased. Ethereum [ETH] was in a bearish trend on the daily The post Ethereum price prediction: Is $2500 the next bearish target for ETH? appeared first on AMBCrypto.