XRP has taken another major step towards worldwide legitimacy and acceptance after it was confirmed that Abra would soon support XRP on its platform. Abra is an unsupervised crypto wallet and a dedicated investing app which boasts an impressive thirty different crypto-asset investment options.
The news surfaced just after it was announced by Abra that the organization’s crypto platform will soon offer users the option to purchase stocks of blue-chip companies like Amazon, Facebook, and Netflix using Bitcoin. The announcement was a huge win for the Bitcoin community as the proposal significantly pushes Bitcoin’s status further forward into the cryptocurrency universe.
Alongside the stocks, the users will also be able to place the order for Exchange traded funds (ETFs) via Bitcoin. The company also promised to add more global assets in the future.
Talking about the development, the CEO of Abra, Bill Barhydt said that:
“Our vision for Abra is to create a single app that serves as the go-to investing app for the globe, This is just our first announcement, over time you will see other services in the banking arena to democratize access to financial service.”
As soon as this announcement was released, it was received like wild fire by millions of cryptocurrency users globally, especially those belonging to the community who supported XRP and who could not wait to approach Abra’s CEO for the native acceptance of their beloved XRP on Abra.
One certain Twitter user @XRP_nation put forward the aforementioned query to Abra’s CEO on the social media. The CEO replied in the affirmative while suggesting that no exact date has been set.
As Abra plans to add XRP to their list, it is also interesting as to when the official date of native XRP adoption will be revealed. At the time of writing, the price valuation was a relaxed state with a slight upscale. As per the data from Coinmarketcap, XRP is the 2nd largest cryptocurrency in the market with a market cap of $12,229,552,355. It is presently valued at $0.29 and has gained 1.25% percent over the past 24hrs.
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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind
XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”
A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.
Oops! Sorry! Infrastructure blip. Really easy fix but I enjoyed an offline afternoon with my girls 😇 So I only found out after some time, when I checked my phone. Monitoring, messages, calls 😇 Social media tips went through during the downtime. Sorry! 😆
— Wietse Wind (@WietseWind) June 23, 2019
XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.
After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.
The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.
This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.
XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.
SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.
Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.
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