Ripple: XRPLabs launches Xing, a mobile application with banking services based on XRPJune 1, 2019
XRP, the third largest cryptocurrency maintained its value despite the bear attack on the crypto-market on May 31. Ripple’s ex-CTO and Coil’s founder and CEO Stefan Thomas took to Reddit to share his views on Ripple and the XRP ecosystem.
The digital asset gathered the attention of crypto community again after the announcement of a user-friendly mobile application, Xing, which committed to providing a variety of features in addition to the exchange of cryptocurrencies between users in the XRP ecosystem.
The app was launched during the community gathering in Biture, Amsterdam and promises its prospective users of providing banking facilities without the involvement of any financial institutions.
Wietse Wind from XRPLabs shared that Xing will change the use of cryptocurrencies in the crypto-space by offering online banking services. It can be used for any digital currency as XRP ledger can be utilized for any type of online asset.
The Xing mobile app was designed to operate on the interledger protocol in addition to the XRP ledger. This made it stand out as a banking app, rather than simply being a crypto wallet.
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