Xumm, a prominent self-custodial XRP Ledger (XRPL) wallet, has revealed a partnership with Guardarian, a non-custodial fiat on/off-ramp provider. The collaboration aims to offer Xumm users a seamless experience when buying XRP with one of 40 fiat currencies or selling their XRP for fiat, all within the Xumm app.
Guardarian, which serves as a fiat-to-crypto gateway, supports a wide array of fiat currencies, including USD, EUR, GBP, TRY, ZAR, KRW, INR, AUD, and more.
The partnership ensures that Xumm users can securely purchase XRP without leaving the app, while also enabling them to sell XRP for fiat and deposit the funds directly into their local bank accounts.
The integration is already available, with the gateway charging a flat fee of $2.2, or its equivalent in other currencies, regardless of the amount of XRP a customer wishes to buy or sell. Although users can buy XRP with various fiat currencies, they can only sell XRP for EUR and GBP at this time.
As CryptoGlobe reported, earlier this month a new collaboration between Xumm and Ecwid, a leading e-commerce platform, was formed in a bid to help over a million online stores throughout the world accept XRP Ledger payments.
Through the partnership, customers of these stores will be able to make payments using any asset they have on the XRP Ledger, including the $XRP token. The collaboration will afford online store owners the opportunity to cater to a vast community of cryptocurrency users while also receiving payments in stablecoins denominated in USD, GBP, and EUR.
Notably, California-based fintech firm Ripple has recently revealed that its global $XRP-powered global proprietary payments solution, RippleNet, has processed nearly $30 billion across approximately 20 million transactions since launch.
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