Wirex CEO Turns XRP Into Cash Using An ATM In Japan – Video Goes Viral On Twitter Amidst Rumors That XRP Could Be Listed On Coinbase
There’s a new video on the loose that ravages Twitter. Wirex CEO can be seen turning XRP into cash using an ATM in Japan and crypto enthusiasts, especially XRP fans are losing their minds with excitement.
Turning XRP into fiat instantly
The clip shows Pavel Matveev using his Wirex Visa card which was pre-loaded with XRP and configured to withdraw Japanese yen.
Matveev made a withdrawal by entering the amount, typing his pin and eventually he receives 10,000 Japanese yen in return.
For those of you who don’t know, Wirex added XRP to its crypto Visa card back in July, this year.
The platform allows users to buy crypto, convert it to local currencies and pay or make withdrawals anywhere Visa gets accepted.
You can find out more about the Wirex app here.
At an ATM in #Japan – Converting #XRP to #cash in seconds 👌#xrpthestandard @ripple @bgarlinghouse @chrislarsensf @JoelKatz @OKITATakashi @CoryTV @yoshitaka_kitao @marcus_treacher @wsculley @businessinsider pic.twitter.com/Fy9jr3AhdH
— Pavel Matveev (@matveevp) September 24, 2018
XRP can succeed in a volatile market
Speaking of XRP, the crypto seems to be even able to succeed in the highly volatile crypto market.
Ripple’s digital asset XRP is no stranger to the volatility of the crypto market, but this is no surprise.
For instance, after a recent rally, XRP’s price dropped a couple of days ago, shedding more than $2 billion in market cap, according to CoinMarketCap.
Then, after Coinbase’s announcement that it’s planning to add new digital assets to its listing, XRP’s price surged once again.
Ripple’s head of product Asheesh Birla says the XRP transactions involve lower costs and volatility than fiat.
“We asked our customers – and using xRapid, the volatility that our end-customers are using, the xRapid end customers are using, is only a few seconds. And so we asked them, ‘A few seconds of XRP volatility – how do you feel about that?’”
Birla continued and explained that between the volatility of a few seconds of XRP vs. the volatility of a week holding a currency there’s a massive difference.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018