The XRP-powered wallet and payment platform XUMM just launched its public beta and is available on both the App Store and Google Play.
The app allows users to store various currencies and trade them on the XRP Ledger’s native decentralized exchange.
Wietse Wind, the CEO of of Ripple-backed XRPL Labs, says XUMM is designed to give people a way to save and spend euros, dollars, XRP and other currencies without any help from a financial institution.
Peer to peer payments, retail payments, initiated by the retailer, e-commerce payments, wallet for the XRPL, multi currency. Safe and user friendly integration with 3rd party XRPL apps for eg. Multi Signing, trading, user identification, etc.
— WietseWind { ???????: ???? } (@WietseWind) January 29, 2020
The app’s developers are encouraging first adopters to test XUMM — with a word of caution.
“While we would greatly appreciate it if you participate in the Beta and provide us with input, for sure there will be things for us to fix. We ask you to proceed with caution. If you plan on importing, depositing and/or sending XRP or IOU value with the XUMM Beta app, make sure to do it with an account containing only limited amounts of funds.”
The app is noncustodial, which means that only the users of the platform will store and have access to their keys on their devices. Wind notes that while the app itself is safe, it is only as secure as the XUMM customer using it.
It's very safe as we invested a lot of time, energy & knowledge building this app. However, it's on ledger, you hold your keys, and it's only as secure as you storing your keys safely & keeping your device safe.
There's no insurance and we cannot touch nor recover your funds.
— WietseWind { ???????: ???? } (@WietseWind) March 30, 2020
After just 12 hours of going live the beta app had almost 3,000 users, according to the XRPL Labs CEO.
Last summer, Wind said his overall goal was to make the app so seamless and intuitive that his mother could use it.
“It’s not for geeks. We know that crypto wallets are for geeks and then somewhere near the bull run at end of 2017, suddenly 10% of the population here had a crypto wallet or multiple crypto wallets on their apps. It was still a few percent of the population, and most of them were geeks.
We’re building something that my mother could use and maybe even would want to use… We’re going to help users get started with a really secure, user-friendly set-up guide in-app. And there’s no way you can, pardon my French, fuck this up. There’s no way. We’re gonna make it really easy.”
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