Spend offers an App for Payment Services. Some time ago, the company has also integrated payment options for Litecoin and Dash. Now Spend has announced via Twitter that they have also recorded Ripple XRP. With the help of the Spend app, customers can now pay with Ripple XRP to more than 40 million retail outlets in 180 countries.
To facilitate this offer, Spend has partnered with Visa. The result is a donation visa debit card. With this card, crypto friends can now store, output and send 16 cryptocurrencies. Spend explained that the charges are extremely low. The Ripple XRP would be converted into fiat money before spending.
So far, the app is only available to iOS users and can be downloaded from the App Store. The Android version of the Google Play Store has initially withdrawn the company for update.
To protect users, Spend has introduced a Customer Verification Procedure (KYC). At the same time one uses an AES encryption. Users can also receive loans via the donation app. For this purpose, the creditworthiness of the user is checked and set the interest on the loan. These are usually 11 percent. However, the credit function is only available in some regions so far.
Ripple's new partnership with BlockQuake
Ripple Labs is also always active and is expanding its partnerships. There are many achievements to show. The CEO of eToro also said some time ago that he was very interested in partnering with Ripple.
Another candidate for cooperation is BlockQuake. On Twitter, the company recently announced that a partnership with Ripple Labs is “on the way”. BlockQuake is a fintech company that wants to set new industry standards for crypto exchanges.
Is the JPM coin a threat to Ripple XRP?
Ripple XRP is enjoying an ever wider acceptance. However, the cryptocurrency also has to contend with competitors. This includes the newly created “JPM Coin”. As the name implies, the coin is issued by the US bank JPMorgan Chase. The JPM coin is based on the quorum blockchain. It enables the immediate transfer of payments between institutional accounts.
The community still seems undecided as to whether the new coin poses a threat to Ripple XRP. Travis Kling, founder of Ikigai Asset Management crypto-hedge fund, told Bloomberg:
“The JPM project is more of an evolution than a revolution. (…) The project is a clear competitor to Ripple Labs and its centralized cryptocurrency [ripple] XRP. “
Brad Garlinghouse, the CEO of Ripple Labs, was unimpressed by the coin. Bloomberg quoted him as follows:
“(…) But this JPM project misses the target – introducing a closed network these days is like trying to release AOL after the Netscape initial public offering.”
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ripple-xrp-can-nun-an-40-million-stores-in-180-lend-exhibited/
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