• The Informer Post
  • Posts
  • Breakthrough XRP Fiat-to-Crypto Platform Launches Beta, Works Without a Crypto Exchange

Breakthrough XRP Fiat-to-Crypto Platform Launches Beta, Works Without a Crypto Exchange

November 09, 2018

A unique platform designed to let users convert fiat into XRP with incredibly low fees and without a crypto exchange is gearing up for launch.

The independent XRP programmer Wietse Wind has launched an invite-only beta version of XRParrot. The platform is remarkably simple: Just enter your XRP wallet address and wire the money you’d like to convert to the platform’s designated bank account. The fiat then gets converted to XRP which is deposited into the provided wallet address.

Beta users report the entire process completes in a matter of hours, for a fee of just one euro.

Just beta tested @WietseWind's @XRParrot.so easy. you put your wallet addresss in, wire the money to the given account and confirm it with a code that you get on the phone. After https://t.co/jdRJNOPqBl processed, a confirm.text like this follows. Fee: 1eur. So awesome! pic.twitter.com/Hepgt4k3od

— Gregor KN ? (@Gregor_XRP) November 7, 2018

https://twitter.com/jonsson_steven/status/1060679342018170880

BETA ? tested the #XRParrot from @WietseWind works like a charm. Quick and Easy interface. Great work @WietseWind +2 @xrptipbot – #xrp #XRPcommunity #xrpthestandard

— Tom Postma (@tommypostma) November 7, 2018

No word on what regulations may have to be met or licenses acquired in order for the platform to launch on a large scale, or how the platform could be implemented in countries such as the US, with strict money transmitter laws.

Wietse Wind is on a roll lately. The extremely active developer is also integrating his popular XRP Tip Bot with the Coil crypto donation platform. He’s also supporting a project to bring the bot to Amazon Alexa.

https://twitter.com/XRPTrump/status/1060025053134315525

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.