Here’s Why Ripple (XRP) Is Perfect for the Unbanked

One of the primary reasons for creating Bitcoin is to reach people in the unbanked and under-banked areas. However, one cryptocurrency that is achieving that goal is XRP, with its cross-border remittance practically available in all parts of the world.

XRP Helping Drive Crypto Adoption

Ripple and its cryptocurrency, XRP, have been at the forefront of cryptocurrency adoption to the unbanked and under-banked regions of the world. Ripple continues to release solutions that help banks and other financial institutions carry out faster and cheaper cross-border payments.

Roel Wolfert, a Managing Partner at VGRIP, says  “By slashing cross-border remittance times to minutes, #blockchain-enabled services are attracting users who typically aren’t banked.” He made this statement in a blog post about the contribution of blockchain technology in the Middle Eastern financial landscape.

The adoption of Ripple and XRP by payment service providers in various parts of the globe is an important reason why cryptocurrencies are getting more attention. A few hours ago, Wietse Wind, an XRPTipBot developer, announced that Google and Apple App Stores accepted their XRPayments app.

According to his tweet,

 “Right on time! ? ? ? Our XRPayments app was just accepted by Google and Apple. You can get the app now from the Apple iOS or Google Play store, and start accepting $XRP for payments in your physical store! Visit to download and activate the app

In addition, Wind says that the app converts the funds, so it gives the recipient the exchange rate for their currency. “It doesn’t handle actual currency conversion: it’s XRP to XRP payments,” he added.

Financial Entities Push Ripple Adoption

Ripple collaborating with several financial bodies across the world, and they are helping drive adoption. In the first instance, the partnership between Ripple and crypto exchanges, Bitstamp,, and Bitso is crucial to XRP adoption. These three all play essential roles for Ripple. Bitso carries out crypto transfers between Mexico and the US. Likewise, serves a similar function between the US and the Philippines. Meanwhile, Bitstamp is in charge of USD conversion using xRapid.

Another product of Ripple that is helping drive adoption is the InterLedger Protocol. The ILP is an open protocol suite designed for sending payments across several ledgers. Consequently, the ILP will usher in the age of the internet of value (IoV) as it will close the bridge between fiat and crypto and allowing fast, efficient, and interoperable exchange to take place.

The interoperability nature of the ILP is crucial since it has the potential to speed up adoption of XRP and other cryptocurrencies across the globe. For example, a demo transaction was carried out using the ILP and funds were transferred from XRP to ETH within seconds. However, the general opinion is that Ripple’s ILP is the technology to help the internet of value arrive and thrive in the financial landscape.

While XRP micropayments are possible via Twitter and Reddit, XRPTipBot launching a similar service on Gmail will help boost crypto adoption in regions lacking banking services. Google’s internet mail service is the most widely used in the world, and allowing users to send funds via the platform will play a significant role in pushing cryptocurrency adoption.

The XRP community is working to ensure that Skype integrates the service. While it might not be new, Skype allowing XRP transfers via its platform will help boost the chances of crypto adoption. In general, Ripple and XRP’s innovations are helping crypto adoption, allowing people in unbanked areas to carry out fast and cheap transactions.