- Ripple’s Xpring invests in ATM Chain by CoinMe.
- Ripple will partner with CoinMe to make XRP available on ATMs
Ripple News Today – Yesterday, Xpring announced that it has taken part in the A-1 funding round which is being sponsored by Ripple. Xpring is the branch of Ripple that was created last year to fund blockchain and cryptocurrency-related projects. It contributed to the $1,5 million that CoinMe just got from an A-1 funding round for its cryptocurrency ATM project. Xpring’s ultimate goal is to promote the mainstream adoption of XRP and other cryptocurrencies. The announcement from Ripple was as follows;
“Thrilled to share Xpring’s investment in @CoinmeATM—the team is working to solve real-world problems by advancing mainstream adoption of digital assets, such as #XRP. https://t.co/9YVkwzq9bF”
CoinMe is one of the first cryptocurrency ATM Chains in the United States with its launch dating as far back as 2014. Just like Ripple, CoinMe intends to promote the adoption of cryptocurrencies and create coins that will solve real-time problems. The utility of a token is key in ensuring adoption. If the token is being used to solve real-time problems, reaching mass adoption will be possible. CoinMe also announced;
“We are thrilled to announce our that @Ripple’s #Xpring and the newly established #Blockchain Finance Fund have made investments as part of our recently opened A-1 funding round. Full Release: https://t.co/yjNH4JiQpR pic.twitter.com/qCkrgICUjg”
XRP (XRP) Price Today – XRP / USD
Ripple said that they are excited about this partnership with CoinMe because they have the right vision, team, and technology. They are also fully licensed making them a pillar that will ensure mainstream cryptocurrency adoption. Members of the XRP community have been super excited about the partnership and what it means for the XRP token. They were interested in knowing If the XRP tokens will soon be added to the CoinMe kiosks across the nation.
Ripple’s Expansion Plans Keep Moving Forward
Ripple has been making waves when it comes to partnerships and adoption. Last month, the company announced that one of the leading banks in Pakistan, Faysal Bank, had joined the RippleNet family. Shortly after, it debuted a new program with its long-time partner, SBI financial giant. This program will require the use of actual XRP tokens. All these moves are bringing Ripple closer to its ultimate goal of dominating the cross-border financial sector.
While Ripple is doing well across the board, the XRP token is still suffering. Over the last few months, the price of the XRP token has fallen significantly along with the rest of the cryptocurrency market. At the time of writing, XRP was trading $0.262291. It is up by 2.52% against the USD and up by 2.38% against the price of BTC. The trading volume over a 24 hour period is $1,075,642,731 and the market capitalization is $11,284,921,970.