Wednesday, November 30, 2022
HomeCryptocurrencyGateHub To Launch Major Update on the XRP Ledger-Based Wallet, Xumm

GateHub To Launch Major Update on the XRP Ledger-Based Wallet, Xumm

As the adoption of the XRP Ledger blockchain network continues to surge, GateHub, an XRP Ledger wallet, and gateway is on the course of enrolling a big update on the Xumm Wallet. The goal is to improve user experience on the XRPL-based digital assets wallet.

As announced by Enej Pungerčar, the founder and CEO of Gatehub, the United Kingdom-based XRP Ledger wallet company, founded in 2015, is set to integrate on/off ramp for all the 13 stablecoins it issues into the Xumm Wallet. In effect, Xumm Wallet users will now be able to trade coins for fiat currencies and vice versa, without leaving the popular XRPL non-custodial wallet. 

Enej Pungerčar tweeted on Wednesday, “On/off ramp for all 13 supported stablecoins issued by GateHub will be fully integrated into Xumm Wallet You will be able to fund and withdraw coins without leaving Xumm!”

To note, the Xumm Wallet, developed by the XRPL Labs is the leading software application and platform that enables easy crypto transactions on the XRP Ledger. Notably, Xumm Pro Beta went live in June, right after Ripple unveiled its first office in Canada.

The planned development by GateHub will allow users to fund their Xumm wallets with supported fiats, as well as exchange them for any of the 13 stablecoins issued by the XRPL-based payment gateway, Gatehub. Equally, users can exchange all the stablecoins supported by GateHub for fiat on the Xumm wallet. 

Read Also: NFT Marketplace Mintable Now Supports XRP Ledger (XRPL)

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It is worth noting that several developments are underway within the carbon-neutral and energy-efficient XRP Ledger blockchain platform. Earlier this month, Ripple enabled a new standard labeled XLS-20 that gave way for native NFTs on the XRP Ledger. 

More so, in a recent issue, Mintable, a utility-focused non-fungible token marketplace launched support for NFTs on the XRP Ledger (XRPL).


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Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom joined the crypto and blockchain industry in 2019. He is an all-rounded crypto content writer. He mostly covers industry news, developments, and other educational resources. He believes that proper crypto awareness is instrumental to achieving mass adoption.
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