XRPL Labs is happy to announce our latest enhancement to the Xumm platform. We've integrated SimpleSwap.io as an xApp, offering a seamless experience for swapping various cryptocurrencies into XRP.
Our SimpleSwap integration currently supports inbound swaps only - crypto to XRP. This decision stems from our commitment to minimizing risks for users.
This new addition offers a streamlined and straightforward approach simplifying the process of converting cryptocurrencies into XRP, making the transition into the XRPL ecosystem smoother than ever.
This new integration was partly inspired by a request from the creator of xrp.cafe, a notable XRPL NFT marketplace.
Cryptocurrencies created a global, decentralized financial system offering tremendous promise. Still, onboarding new users—particularly those accustomed to traditional banking structures—can sometimes be complex and daunting. That's why we continuously seek ways to simplify and streamline the experience.
We are pleased to announce that through integrating SimpleSwap as an xApp, we made the onboarding process easier than ever.
Now, users can seamlessly convert assets from other blockchain networks such as Polygon, Ethereum, Cardano, and many more, into XRP, making transitioning to the XRPL ecosystem significantly more accessible and intuitive for everyone.
Focusing on inbound swaps is rooted in user safety: When Xumm receives, we know the account can be accessed.
However, for outbound transactions to non-XRPL ledgers, ensuring user access isn't possible.
Doing so helps us facilitate a safe and smooth XRPL journey.
To check out the full list of supported cryptocurrencies, please visit the SimpleSwap xApp. With these options at your fingertips, transitioning into the XRPL ecosystem has never been simpler.
SimpleSwap can be found in our xApps section or by clicking this link.
Open Xumm xApp: Simple Swap
Wallet, payments and requests on the XRP Ledger. Signed, Sent, Delivered
https://xumm.app/detect/xapp:onramp.simpleswap
The team at xrp.cafe noticed that many users coming over from other NFT ecosystems found it challenging to obtain XRP, which is required for their first NFT purchases on the XRPL.
By enabling these users to easily convert their existing cryptocurrencies into XRP, we aim to help facilitate a smooth entry into the vibrant XRPL ecosystem.
We understand that in a rapidly evolving space like cryptocurrency, the key to success lies in continual innovation, staying responsive to users' needs, and never resting on our laurels. And that's exactly what we plan to do.
SimpleSwap.io has developed an onboarding platform that fits into our vision for Xumm. Their platform enables one-way conversions from many cryptocurrencies to XRP without needing Know Your Customer (KYC) processes or signups.
The less friction there is in the onboarding process, the more likely new users are to engage with and explore the full potential of a platform.
The integration of SimpleSwap.io's xApp into Xumm does precisely that. Its simplicity, combined with low fees, ensure the optimal user experience we always strive for.
SimpleSwap helps us make the XRPL ecosystem as welcoming, inclusive, and accessible as possible, regardless of a user's previous exposure to cryptocurrencies.
XRPL is becoming increasingly competitive and intriguing. Its decentralized exchange (DEX) is becoming more accessible, maintaining low fees and high speed, as can be seen with the example of Unhosted.exchange.
The number of accounts is growing, and with interesting developments like Hooks bringing smart contracts to the XRPL protocol, we're seeing increased composability and opportunities for XRPL developers.
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