A video has emerged online which shows the CEO of Wirex, Pavel Mavteev, using a Wirex Visa card preloaded with Ripple’s XRP to withdraw 10,000 Japanese Yen. Roughly equivalent to $88.
The video demonstrates just how easy it is to convert crypto in to cash using just a standard ATM in Japan. Naturally XRP fans are excited, although it is worth noting Wirex currently supports over 50 cryptocurrencies and users can load their account using bank transfers or by transferring any of the supported cryptocurrencies to their account.
XRP to fiat instantly
At an ATM in #Japan - Converting #XRP to #cash in seconds 👌#xrpthestandard @ripple @bgarlinghouse @chrislarsensf @JoelKatz @OKITATakashi @CoryTV @yoshitaka_kitao @marcus_treacher @wsculley @businessinsider pic.twitter.com/Fy9jr3AhdH— Pavel Matveev (@matveevp) September 24, 2018
The video shows Mateev, use his Wirex Visa card in the Japanese ATM. Just like any transactions he enters his pin chooses the amount of cash he would like to withdraw. Visa then communicates with the Wirex card and the XRP is converted to fiat with a slight charge.
Ripple continues to feature in the news
Over the course of the last few weeks Ripple has been very much in the cryptocurrency news headlines, Ripple has recently announced the launch of xRapid, which saw the XRP price increase by over 100% in a few days.
Coinbase then announced that they will introducing a new listing process which will see Coinbase potentially listing many more digital tokens in the near future. This news also saw the price of XRP rise by around 24%
The announcement was made on Coinbase’s official blog, and they begin by highlighting how they have always taken a “deliberate approach” when adding new tokens onto their exchange. However, one of their main customer requests is now to add support for new digital assets.
One of our top customer requests is to add support for these new assets, and we have been determining how to do this in a secure and compliant way for those assets meeting our standards.
The form is now live on Coinbase and there are three categories of individuals who can apply on behalf of a digital asset to request a listing;
- Lead Developer or Founder
- Major Investor (>$1M invested)
- Executive or Employee
The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against.
Follow the progress of our $10,000 Live crypto investment fund! – Follow on Telegram