Ripple update: FXChoice – “We offer and will continue offering XRP ONLY as a funding method for deposits and withdrawals”
I submitted a question through their site and they responded shortly after. It appears that they have no plans to extend the use of XRP being how they presently use it.
Are there plans to use XRP as a bridge currency or is it only going to be used for deposits and withdrawls?
Thank you for contacting us.
We offer and will continue offering XRP ONLY as a funding method for deposits and withdrawals meaning that XRP is just an cryptocurrency we are sending/receiving via RippleNet Ledger (same for example as for Bitcoin’s Blockchain). There is no conversion, there are no banks involved, so we are not affected by any additional products Ripple (as Company) launches.
We hope this has addressed your question.
For further queries, please do not hesitate to contact us.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Don’t forget to share the post if you love it !