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Jul 8, 2022
by Usha Yadav
XRP Ledger's Project onXRP Partners Up With Banxa
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One of the XRP Ledger's fastest-growing projects, onXRP, announced the integration of the Banxa fiat on-ramp technology into its ecosystem. Users of onXRP can now purchase XRP using bank cards or ApplePay thanks to this invention. Users from all continents can access the new function, with the exception of citizens of Russia, Canada, New York, and Hawaii. According to a tweet from onXRP, making it possible for Americans to purchase XRP with a credit card was the first objective while creating the innovation. It's also crucial to remember that only XRP can be bought with fiat on XRP.
The creators have not specified whether it would be able to purchase OXP or OVX or other ecosystem tokens in the future in a similar manner. On the onXRP DEX, users can pay XRP for these and other tokens created on the XRPL network.
onXRP Another Trump Card Up Its Sleeve
The XRP-Avalanche bridge, the freshly added DeFi or onAVAX area, and the Cash part, where users may buy XRP with fiat, are all currently included in the DEX section of the onXRP website. Although another component hasn't yet been made available, based solely on its name, it appears to be highly intriguing. Currently, not much is known about the Swap area, but given the onXRP platform's quick development, it appears that users will soon have access to a new tool for managing their XRPL funds.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.