U.S. Residents Can Now Buy Ripple (XRP) Using Credit Card And ApplePay

0
156
Ripple

The top decentralised exchange platform, Ripple, has announced that citizens of the United States can purchase XRP tokens directly from the platform. This development will allow residents to buy the seventh-largest digital asset instantly. However, New York and Hawaii residents are excluded.

OnXRP stated that Ripple’s partnership with Banxa’s fiat on-ramp solution was responsible for allowing U.S. residents to buy the tokens directly from its platform.

“We present to you our fiat on-ramp powered by @BanxaOfficial that can be found under “cash” on our dex or directly at: https://dex.onxrp.com/onRamp. Global and U.S. citizens (apart from N.Y. and Hawaii) can buy XRP easily now using a Credit card and Apple Pay,” OnXRP stated.

The decentralised exchange noted that while the service is currently not supported in Canada, it is exciting to offer residents in multiple U.S. states the ability to buy XRP.

“Everyone should have the freedom to decide to buy XRP,” Banxa added.

The Ripple community will be pleased with this announcement as more people in the U.S. can access digital currency, which will improve crypto adoption.

Related: Ripple Zooms Off With Sports Brand Lotus as the U.K. Car Company Plans to Launch Automotive NFTs

Ongoing Developments Between SEC and Ripple

In 2021, the Security and Exchange Commission slammed Ripple with a lawsuit, alleging that the part of the development team failed to comply with the operational regulations. As a result, the XRP suffered a massive decline in market value as many U.S-based exchanges withdrew their support for the token.

The agency claimed Ripple violated its rules by offering unregistered securities within its regulatory purview. With the lawsuit still ongoing, U.S.-based exchanges had no choice but to de-list XRP from their platforms.

XRP dropped over 50% since the Securities and Exchange Commission officially charged Ripple.

Read more: Ripple (XRP) Launches its First Blockchain Hub in Canada.