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XRP Coin to Fiat ATM Withdrawal Sparks Excitement in Ripple Crypto Community

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The biggest qualm expressed by non-members of the crypto space is that the cryptocurrencies driving the market do not seem to have any external, real-life use. While it might be great to be one of the lucky people holding onto bags of valuable currency, this means very little when it comes to affording the basic necessities of daily life, many of which are sold by merchants with no interest in payment in the form of volatile and unpredictable cryptocurrencies. But the use of cryptocurrency ATM machines might be changing that.

In the beginning the creation of a Bitcoin-to-USD ATM machine captivated the interest of the community. Before long, however, the luxury of converting crypto to fiat was being enjoyed by far more than just the lucky few still holding onto the dominating and most popular cryptocurrency currently on the market. Instead, cryptocurrencies all over the space, including Ether, Dash, and Bitcoin Cash, have seen ATM machine sporting their logos cropping up in places all over the world.

This week saw yet another bullish sign of mass adoption for XRP, the native cryptocurrency embedded into Ripple’s framework for banking solutions using blockchain.

A Japanese company has now made it possible to use normal ATM machines as cryptocurrency exchanges for the fiat currency of the country, the Japanese Yen. Following an extraordinary couple of weeks of explosive bullish growth in the XRP markets, this new introduction of an XRP ATM machine is a very welcome sign for many within the community—and it could be a sign of more things to come.

About Wirex Visa

The driving force behind the exciting story is Wirex Visa.

Wirex is a startup company trying to make cryptocurrencies more accessible and useful in daily life. They drew international attention within the crypto community when they recently released the card with capabilities for Bitcoin, Ethereum, and Litecoin. These currencies were, at the time, the most popular on the market.

Wirex functions in a relatively intuitive manner.

The card comes preloaded with cryptocurrency when the user links their crypto wallets to the card using the simple user interface on the Wirex website. Then, when someone wants to convert their cryptocurrency to cash, they simply use an ATM machine and withdraw the currency in the form of whatever fiat money they would like to have.

The card has been hailed as some to one potential path towards mass adoption of cryptocurrency and blockchain technology, while other fear that it is yet another stepping stone towards a dangerous end-game of the institutionalization and centralization of cryptocurrency.

XRP and Wirex

One video stirred the excitement now likely to drive the XRP markets in the coming days. The CEO of Wirex, Pavel Matveev, released a video of himself walking up to an ATM in Japan, inserting his card loaded with Ripple’s XRP currency, and then withdrawing 10,000 Yen, the currency of Japan. The video went viral almost immediately, causing speculation from some investors that a resultant bull run was inevitable.

The Wirex card also allows users to deposit cash, withdraw fiat money, or transfer crypto quickly and effectively.

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On.Live Is Pleased to Announce That ONL Token Holders Can Now Use Bitgo’s Industry-Leading Wallet and Custodial Offerings

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BitGo is the market leader in digital asset financial services providing security, compliance, custodial, liquidity solutions for institutional investors. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of global Bitcoin transactions and $15 billion per month across all cryptocurrencies.

In 2018, BitGo introduced BitGo Custody and launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo Business Wallets and BitGo Custody are used by hundreds of clients around the world including the largest cryptocurrency exchanges.

Since its inception in 2013, BitGo has been focused on the institutional market and that makes working together a natural fit, as we want to extend the accessibility of ONL tokens for institutional and enterprise clients.

On.Live is a distributed live video broadcast network project, build to fill the niche in payed live and on demand services delivery in the Internet. The platform offers one of the kind, innovative, no subscription business model, beneficial for all parties involved in On.Live marketplace.

With live streaming on the rise, and lack of other comparably flexible solutions on the market, On.Live is natural choice for access and delivery of live streamed services for individuals, small and big businesses. On.Live is aiming at becoming market leader and platform of choice for everyone who realizes the huge potential in live streaming, and what profits it may bring in his own economic activities.

We believe that BitGo’s support will elevate On.Live’s business potential, contribute to growth of the platform itself and positively affect the security of ONL.

Source:nulltx

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10,000 Retail Shops in France Will Sell Bitcoin, XRP, Ethereum, Litecoin and Dash, Powered by Payments Giant Ingenico: Report

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Bitcoin, XRP, Ethereum, Litecoin and Dash are reportedly expanding to 10,000 points of sale throughout France.

Digycode first rolled out its crypto coupons last year. The startup says it’s now expanding to over 10,000 shops through a collaboration with Paris-based payments giant Ingenico, according to local news outlet Cryptonaute. The leading payments firm reported $2.8 billion in revenue in 2017.

“‘The deployment of Digycode is the result of a partnership between Digital Service and Ingenico, and tobacconists equipped with a Devlyx cash registerare, therefore eligible to sell our product for their customers, commented Christopher Villegas, CEO of Digital Service.”

The crypto startup will offer prepaid recharge coupons that can be purchased in three available increments – 20, 50, or 200 euro – by visiting any of the supported locations. Once a customer redeems the coupon on Digycode’s website by using a secret code, the euro is converted into crypto.The company says crypto balances will appear in the user’s crypto wallet as soon as the transaction is confirmed.

Tobacco shops are selling crypto despite regulatory uncertainty.

France’s tobacco federation was granted permission to sell crypto from the French Prudential Supervision and Resolution Authority, according to a report from the French radio network Europe 1.

But France’s central bank is singing a different tune, saying it has not approved retail sales of cryptocurrency. In addition, the Financial Markets Authority, which regulates the country’s stock market, has issued a statement saying no company is licensed to sell crypto in stores.

Source.dailyhodl
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Crypto-Friendly Wyoming Becomes First US State to Give Bitcoin, XRP, Ethereum, Litecoin, EOS and Altcoin Owners Complete Property Rights

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The Wyomng Senate passed SF125 on Thursday. The “Digital Assets” bill will now become law, granting cryptocurrency holders property rights for direct ownership of digital assets. Wyoming is the first state in the US to pass a clear regulatory framework for Bitcoin, XRP, Ethereum, Litecoin, EOS and other altcoins, setting the stage for cryptocurrency investors, entrepreneurs and crypto-related businesses to flourish in the state.

The bill allows people to hold cryptocurrency without the need for an intermediary to own digital assets, and clears the way for banks to offer custodial services for cryptocurrencies.

According to the act, digital assets are considered intangible personal property.

“AN ACT relating to property; classifying digital assets within existing laws; specifying that digital assets are property within the Uniform Commercial Code; authorizing security interests in digital assets; establishing an opt-in framework for banks to provide custodial services for digital asset property as directed custodians; specifying standards and procedures for custodial services under this act; clarifying the jurisdiction of Wyoming courts relating to digital assets; specifying applicability; authorizing the promulgation of rules; and providing for an effective date.”

Other forms of intangible personal property are partnership interests, life insurance contracts, securities investments and royalty agreements.

The bill is expected to come into effect on July 1. It also supports the advancement of tokenized securities.

Caitlin Long, co-founder of the Wyoming Blockchain Coalition, expects the new legislation to attract blockchain companies and talent, making Wyoming a frontrunner in the space with a clear regulatory framework designed to foster innovation and spur adoption of Bitcoin, altcoins, blockchain-based businesses, trading platforms and crypto custodial services.

Source.dailyhodl

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