Home / Africa / XRP affects UK-based payment platform because Ripple prefers crypto-acceptance in Europe and Asia

XRP affects UK-based payment platform because Ripple prefers crypto-acceptance in Europe and Asia



XRP is now live on Uquid and gives people in 150 countries a new way to pay for mobile phone services. The company says that users can now top up and charge their mobile phone minutes with XRP in one go.

The company says it also makes XRP payments for mobile data plans possible in more than 11 countries. Uquid supports dozens of cryptocurrencies and allows users in certain countries to spend their crypto on supermarket and pharmacy vouchers, bus and train tickets and more.

The XRP support comes when Ripple insists on worldwide acceptance of its cross-border payment solutions.

The company recently joined the European Commission for the International Association for Trusted Blockchain Applications (INATBA). The group aims to connect blockchain and crypto organizations with legislators and policymakers across the EU to support a clear regulatory framework and to encourage adoption.

Ripple co-founder, Chris Larsen, has just met with the Luxembourg Finance Minister to discuss the future of blockchain and cryptocurrency.

The meeting follows the heels of a new report from the Luxembourg Private Equity and Venture Capital Association (LPEA). The group compared XRP and Bitcoin and concluded that the digital asset is not security because it is "intended to be used now or in the future as a means of payment for acquiring goods or services or as a money or value transfer."

The international push from Ripple also includes a new expansion in Asia. The company recently announced it will double its staff in crypto-friendly Singapore, going from 12 to 24 employees.

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