XRP Hits UK-Based Payment Platform As Ripple Pushes for Crypto Adoption in Europe and Asia
XRP is now live on Uquid, giving people in 150 countries a new way to pay for cell phone service. The company says users can now top off and recharge their mobile phone minutes with XRP in an instant.
The company says it’s also enabling XRP payments for mobile data plans in more than 11 countries. Uquid supports dozens of cryptocurrencies and also lets users in select countries spend their crypto on grocery store and pharmacy vouchers, bus and train tickets, and more.
The XRP support comes as Ripple pushes for global adoption of its cross-border payment solutions.
The company recently joined the European Commission’s International Association for Trusted Blockchain Applications (INATBA). The group aims to connect blockchain and crypto organizations with legislators and policy makers across the EU in an effort to support a clear regulatory framework and to boost adoption.
Ripple co-founder Chris Larsen just met with Luxembourg’s Minister of Finance to talk about the future of blockchain and cryptocurrency.
— Pierre Gramegna (@pierregramegna) April 9, 2019
The meeting comes on the heels of a new report from the Luxembourg Private Equity and Venture Capital Association (LPEA). The group compared XRP and Bitcoin, and concluded the digital asset is not a security because it’s “intended to be used, now or in the future, as means of payment for acquiring goods or services or as means of money or value transfer.”
Ripple’s international push also includes a new expansion in Asia. The company recently announced it’s doubling its staff in crypto-friendly Singapore, moving from 12 to 24 employees.