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XRP is being challenged by JPM Coin and others, says Ikigai Asset Management’s Travis Kling

Akash Anand



XRP is being challenged by the JPM Coin and others, says Ikigai Asset Management's Travis Kling
Source: Pixabay

The volatility of the cryptocurrency market has always been a much discussed topic among analysts and industry experts. Speaking to Yahoo! Finance, Travis Kling, the Chief Investment Officer of Ikigai Asset Management, touched upon the reasons for the market’s current volatility, as well as developments in the cryptosphere.

During the discussion, Kling was asked whether Bitcoin’s sudden jump to the $5000 market was because of the fact that large volumes of crypto are held by institutions. The Ikigai executive replied,

“Despite the entry of several institutional players into the market, the world of cryptocurrencies is still dominated by individuals. We are at the top of the second innings and when you look at things from an overall spectrum, the world is just understanding the technology. There is just so much more to go in terms of what we can achieve in the space.”

Travis Kling was then asked about Ripple and XRP. Kling claimed that XRP was being challenged by several other institutions, with JPMorgan’s JPM Coin being one of the main contenders. Kling added,

“JPM Coin is like the value proposition for Ripple. Ripple will try as much as they can to show that XRP has fundamental value but when you have banks like JP Morgan coming into the space it becomes difficult. There are some banks in Japan too that are working on creating an internal private permission less coins that is aimed to challenge XRP’s use cases.”

Recently, JPMorgan was again in the cryptocurrency news after the World Bank revealed that the largest bank in the United States was developing “innovative cross-border payment solutions.”

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Ripple-backed XRPL Labs releases XRPayments on Playstore and App store

Namrata Shukla



Ripple-backed XRPL Labs releases its XRPayments on Playstore and App store
Source: Pixabay

The Ripple-backed startup, XRPL Labs had been working on various technologies to develop the ecosystem. One of these technologies, XRPayment, was in its testing phase and has been finally launched and made available on the Google Play store and Apple app store.

Wietse Wind, the developer of XRPtipbot and one of the developers at XRPL Labs, informed the XRP community about this on his Twitter. Wind stated:

“Right on time! 🎉 🎉 🎉 Our XRPayments app was just accepted by Google and Apple. You can get the app now from the Apple iOS or Google Play store, and start accepting $XRP for payments in your physical store!”

The application received a lot of traction, especially from the XRP enthusiasts, however, one of the users pointed out an issue he encountered while using the application. Twitter user @almost_summer_ asked Wind:

“hi Wietse great job! just downloaded it, if i open the coinbase or uphold wallet app i can scan the QR but it does not auto fill in the amount of XRP to send. the XRPay web version did fill in the amounts. is that supposed to be like that?”

Wind replied to the user saying that the team wanted users to think about the amount they and perhaps tip the service. He also added:

“Some wallet apps can read a pre filled amount, and the web version implemented that, thus breaking support with some other clients. For this app we wanted 100% support, so we left out the pre filled amount feature for now.”

Wind and the team are also working on a ‘signing platform’ which will enable the users to sign and approve transactions from an application or the web application from any developer, without sharing their mnemonic, through a push message or QR code.

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