XRPL Labs to push Ripple (XRP) adoption with the acquisition of a banking license for XRPTipbot

  • Founder of XRPL Labs to acquire a banking license to scale its XRPTipBot product.
  • XRPTipBot is a platform that enables sending and receiving of XRP on multiple social media platforms.

The company that is currently pushing for the adoption of Ripple, XRPL Labs is reported to be seeking a banking license for its XRPTipBot platform. XRPL Labs is currently developing various XRP-based products with the intention of increasing the adoption of the digital token across the world. According to a tweet by Tiffany Hayden:

“The BIG news from yesterday’s $XRP meetup is that @WietseWind is in the process of obtaining a banking license for @xrptipbot!@XRPLLabs is going to bridge the legacy network!

Don’t fight the old, build the new!”

XRPTipBot is a platform that enables sending and receiving of XRP on multiple social media platforms including Outlook, Gmail, Twitter as well as Reddit. In addition to these platforms, XRPTipBot could soon launch on Microsoft’s Skype application.

The intended banking license is supposed to introduce KYC and AML in readiness for the expansion of XRPTipBot. The license will also allow the company to handle transfers of XRP token. In addition to scaling its services to a larger demographic.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: BTC/USD closes in on critical $10,000

Bitcoin (BTC/USD) posted small losses on Saturday and closed the day above the critical Fibonacci level to gain traction during the Asian trading hours. As of writing, BTC was trading at $9,940, adding 2.75% on the day.

More Bitcoin News

Ripple Price Weekly Forecast: XRP/USD road to $0.35 mapped

As the week grinds toa halt, cryptocurrencies are rolling in a positive direction. The positive resonation comes after a couple of days that saw bulls paralyzed in the cryptocurrency market.

More Ripple News

Ethereum Price Analysis: ETH/USD adds more than 4%, trades above $270

Boosted by the positive mood surrounding the major cryptocurrencies, Ethereum easily erased the losses it suffered on Saturday and preserved its bullish momentum to climb above $270.

More Ethereum News

XMR/USD bulls retain momentum and keep the price above $80

XMR/USD bulls managed to retain control in the early hours of Saturday as the price went up from $80.40 to $81. XMR/USD is currently trending in a downward channel formation after it had ...

More Monero News


Bitcoin Weekly Forecast: BTC bulls plot the revenge

Bitcoin's market capitalization settled at $176 billion, which is 62.8% of the total digital assets market.

Read the weekly forecast