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XRP: FCA regulated e-money agent PayGlobal considering XRP as next cryptocurrency addition to platform

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XRP being considered by FCA regulated emoney agent based in the United Kingdom; developments surrounding XRP gets a boost
Source: Pixabay

PayGlobal’s ATM bank card payouts are considering XRP as the next cryptocurrency addition to the platform, allowing users to convert their cryptocurrency to fiat without the need for bank cards.

Headquartered in the UK, PayGlobal is an e-money agent providing e-wallet services to registered users. It is approved by the Financial Conduct Authority [FCA] and aims to provide a variety of end-to-end solutions to people who want to be paid with alternative payments, including cryptocurrencies. Registered customers can receive money via bank transfer, debit card, alternative payments, and Bitcoin [BTC] and Ethereum [ETH].

A recent poll on Twitter by PayGlobal asked users to vote for the cryptocurrency they want added to the roster. The nominees included EOS, XRP, and LTC.

XRP got the maximum number of votes, approximately 7,480 out of the 8,500 votes cast.

After the poll, PayGlobal tweeted,

“Thanks for the great community support in this poll. Over 8k responses. #XRP goes to the product team with priority. #CRYPTO”

The coin could be added to PayGlobal’s roster and soon, users in the EU will be able to go from crypto to fiat using their existing bank card, without purchasing a prepaid credit card.

The development is yet another feather on XRP’s cap as it has been seeing considerable progress over the past few months. Xpring, a Ripple-backed initiative has been encouraging users to explore the use-cases of XRP.



Recently, Wietse Wind, the creator of TipBot, received funding from Ripple/Xpring to continue his research and develop XRP-centric applications. Moreover, an XRP liquid index is being considered by Nasdaq, which if launched, would be a massive development for the cryptocurrency.

Additionally, Swiss stock exchange SIX will soon list XRP-based ETP from Amun AG, along with other cryptocurrency products.



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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

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