Rumors of XRPL Developing Debit/Credit Card for Xumm Wallet Are False
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XRPL Labs Not Developing Credit Card For Xumm Wallet
According to Wind, credit card systems are often associated with inefficiencies, including high transaction fees; there is no point in re-introducing the same downsides and inefficiencies. Also, introducing a card payment system would spoil the plan for a complete shift to XRPL payments.
He does acknowledge that the idea of XRPL payments may or may not ever work out, but they must at least try. He said he won't go through the easy route of "hacking the old system on top of a new; more efficient one."
While there's a need for a bridge to link the two sides, he argues that re-introducing cards as they traditionally are would not be a smart solution. Instead, the best solution would be to develop an offramp/onramp system to facilitate instant swaps between fiat and XRP. This would allow users to send funds between their bank accounts and XRPL accounts without incurring heavy fees.
Lastly, he divulged that his company was working on introducing such functionality for Xumm Pro Beta users before the year's end, with a rollout planned to expand to the rest of the EU countries with potential plans for Asia.