XRP investors could also be taking a look at some of the essential upgrades but based on a distinguished developer in the neighborhood. This was revealed by the lead developer of one of many main tasks constructing on the XRP Ledger, hinting {that a} GraspCard integration could also be coming.
Bringing GraspCard, Self-Custody, And More To XRP
In a publish that was shared on X (previously Twitter), Xumm Wallet lead developer Wietse Wind excitedly announced to the neighborhood that self-custody is on the best way. The announcement featured a screenshot that confirmed the choice to make purchases with pay as you go XRP, a function that’s but to drop.
“Right on time for the holidays: the gift of self custody. Xumm @Tangem NFC hardware wallets: ordered with optional pre-paid XRP to cover the account reserve & an additional 50$ in XRP (no KYC). Full announcement & details: upcoming week,” the developer stated.
This sparked a number of pleasure in the neighborhood however these additionally got here with questions. One X person asked if customers would have the ability to hyperlink a bank card to their Xumm pockets to make purchases. The developer responded by saying “These are hardware wallets, they don’t work @ terminals and ATMs.”
However, in a follow-up, the person declared “Debit cards and Xumm is all I want.” To which Wietse Wind responded that they’re engaged on it. “Debit MasterCard, self custody, card authorization with custom on ledger limits on your account using a Hook,” Wietse Wind revealed.
Working on this.
Debit GraspCard, self custody, card authorization with customized on ledger limits in your account utilizing a Hook. https://t.co/BOlFKlddzx
— WietseWind (🛠+🪝 Xumm @ XRPL Labs) (@WietseWind) November 26, 2023
Token value recovers to $0.6 | Source: XRPUSD on Tradingview.com
Concerns About Card Fees
Following Wietse Wind’s announcement that the workforce was engaged on bringing GraspCard integration to the XRP wallet, questions flowed as neighborhood members sought out clarifications on what this might imply. One significantly recurring theme was card charges which customers have come to detest.
One person John Mcclain implored the workforce to not have a +1% charge on fees, referencing the fees by one other distinguished cost platform within the XRP space, Uphold, which the person says fees a excessive charge. According to them, “This can really add up quick!”
Moving to allay worries, Wietse Wind reminded customers that utilizing credit score and debit playing cards implies that there shall be charges hooked up. This is as a result of that is how these playing cards work, and likewise “that’s how they are able to insure, give cash backs, and make tremendous amounts of money.”
However, this downside doesn’t appear to be alien to the Xumm workforce because the developer revealed that working completely separate rails can be helpful in addressing the charges problem. But for now, “we’ll have to address the chicken/egg problem over and over again.”
Featured picture from The Coin Republic, chart from Tradingview.com
