CoinFlip, a prominent fintech firm in the cryptocurrency space, has announced the addition of Ripple’s native token, XRP, to its Order Desk offering. This move comes in the wake of a court ruling on 13 July 2023 that determined XRP is not an unregistered security when bought by individual consumers, a decision that has been seen as a positive step toward regulatory clarity in the U.S.
According to CoinFlip’s press release, XRP, which operates on a peer-to-peer trust network, has seen significant adoption over the years, and the recent court ruling led to a near doubling of its price and a 1,351% surge in trading volumes. Supporters of XRP highlight its cost-effectiveness, reduced transaction times, and efficiency for international payments.
CoinFlip’s Order Desk service provides customers with personalized client managers who guide them through the purchasing process and offer support for any queries. With the addition of XRP, customers can now assess whether this cryptocurrency aligns with their investment portfolios.
CoinFlip’s CEO and co-founder, Ben Weiss, expressed excitement over this development, stating that it was a natural progression given the increased demand for XRP following the recent SEC ruling:
“The recent SEC ruling surrounding XRP provided a much-needed boost to the crypto industry by restoring confidence and signaling a positive shift toward regulatory clarity. Following an exponential increase in demand for the token, it was only natural for us to expand our offerings to include XRP. We are excited to further empower individuals with yet another powerful tool to navigate the evolving digital economy as we strive to make cryptocurrency accessible to everyone.“
CoinFlip boasts the world’s most extensive network of cryptocurrency ATMs in terms of transaction volume. It operates more than 4,500 kiosks across 49 states in the U.S., as well as in Puerto Rico, Canada, and Australia. These kiosks facilitate the buying and selling of major cryptocurrencies using cash.