Ripple XRP, besides from collecting nearly 150% during this year, has once again gotten closer to the increased adoption of XRP.
After a grand announcement that came regarding the release of xRapid which is already being used and tested from several banks within Ripple Network, it was announced that Coinbase was approved for operating with a limited trust company thanks to the New York State Department of Financial Services.
This is great for Coinbase, of course, but it is also a great thing for Ripple and XRP as this subsidiary approved by DEF will bring support for XRP from Coinbase within the limited trust company.
Moreover, Wirex, the service that allows operating with crypto-based debit cards in Europe is extracting its services to the United States as well, which means that the US-based crypto users will be able to use their crypto debit cards with Ripple (XRP), which should provide more exposure to its native coin.
Additionally, Changelly through their partnership with Simplex is allowing their base of 3.5 million users to easily convert USD or EUR to XRP, which should eventually provide Ripple with more momentum.
Ripple and Coinbase – Will the Latest DEF Support Lead to the Coinbase Listing?
It is rumored that Ripple has great chances of getting listed on Coinbase despite the previous allegations that XRP was denied a listing months ago when Ripple Labs were supposedly offering millions just to get a listing.
The allegations were never confirmed, but what is most certainly confirmed on the other hand is the fact that Ripple’s XRP is getting support from Coinbase through their subsidiary as approved by DEF.
However, although custodial services will be enabled for XRP, you won’t be able to buy it through Coinbase. At least not yet.
The name of the Coinbase subsidiary is Coinbase Custody TrustCompany LLC, which is said to provide support for all listed currencies, including XRP which doesn’t have a listing yet.
Moreover, it is not confirmed whether the recently added ZRX is getting support from this subsidiary, but there are many speculations that the support announced for XRP might mean that we could soon see the third-largest crypto listed on Coinbase.
Wirex Becomes Available in the US – Ripple’s XRP Gets Support
Wirex, a service that enables crypto debit cards in Europe for quite some time now has announced that they will be offering their services to the US-based crypto users as well.
This is especially good news for Ripple’s XRP as the currency is getting support from Wirex for the USD trading pairs, alongside with adding support Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH).
The service planned for the United States should very soon be officially enabled as stated by Wirex in their official announcement.
Moreover, XRP will most certainly get the increased demand in the US with this service’s support.
Changelly and Simplex Allow Visa and Master Card Purchases for XRP
Changelly, one of the well-known exchanges for cryptocurrency announced that XRP will be getting their support through one of their partners, SimplexCC.
SimplexCC represents a financial institution approved by the European Union and it is focused on providing fraud-free and safe payment processing, also advocating for secure usage of cryptocurrency.
What is of great importance for Ripple in this story is the fact that XRP will be available for purchases through Visa and Master Card through this service, which is another additional source of the increased momentum for this crypto.
The user base to which XRP is getting exposed ranges up to 3.5 million active users that are registered through this service, so we might as well see Ripple rising up in the following months.
The service will enable direct conversions of XRP against EUR and USD, however, what might not be good news to potential users is the fact that Simplex doesn’t have low fees unlike its partner Changelly, charging at least 5% for this service.
Regardless, XRP will most probably get more appreciated as it is trying to get a decent rebound against the still bearish market.
With the custodial support from Coinbase subsidiary, Wirex service, and Changelly and their partner SimplexCC, Ripple’s XRP is most probably going towards a healthy rebound, even though we can currently see it dropping within the last daily change, however only by -0.45% against the fiat.