Connect with us


XRP transactions now available on pilot Automated Teller Machines [ATM] in New Jersey

Akash Anand



XRP transactions now available on pilot Automated Teller Machines [ATM] in New Jersey
Source: Pixabay

The convenience of transferring cryptocurrencies has been a foundation upon which several exchanges have built their updates. With the inception of cryptocurrency ATMs, users have claimed that the service makes it easier and faster to conduct cryptocurrency transactions.

In a video uploaded by CryptoMedia News Desk, a user was seen using a cryptocurrency ATM to purchase XRP. According to the tweet, the ATM was from BelcoBTM, which was located in New Jersey. The user used the machine to transfer XRP to a TrustWallet wallet.  The organization also tweeted, saying:

“Fees are a little high but still #XRP in an ATM is a gamechanger, glad to be from the first users of this service. #xrpcommunity #xrparmy #xrpthestandard #xrpthebase”

The video shows the user selecting XRP as the option on the machine, after which he is asked to enter the phone number for a One Time Password. After clearing the OTP stage, the user scans a QR code on the Trust Wallet app to verify the machine and the required XRP is then bought using a normal debit card.

Many people from the XRP community have lauded the move, with some calling it the stepping stone towards mass adoption. Misty Sins, an XRP enthusiast commented:

“That’s great! Thanks for sharing. I cant wait to see XRP listed on the Crypto ATM’s here in Vegas.”

Cryptocurrency ATMs have existed for some time now. It was recently revealed that Bitcoin Lightning Network payments could be possible via Bitcoin ATMs. The transaction was conducted by Felix Weis, a developer and a researcher, who, after the transaction, commented:

“Just a proof of concept ‘top up your existing channel’. Lots of bugs but two different mobile wallets worked fine.”

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.