- Despite its delisting on major exchanges and its ongoing litigation with the US Securities and Exchange Commission, XRP adoption among US citizens continues to rise.
- The former US congressional candidate, who thought that the Shiba Inu would launch soon, has now drawn attention to this altcoin.
OnXRP, a leading decentralized exchange, is among the residents of the United States. Ripple’s (XRP) widely accepted and appreciated announced. According to the announcement made by the exchange today, a total of 1329 US citizens took advantage of OnXRP’s fiat on-ramp solution to purchase 2 million XRP using credit cards and Apple Pay.
OnXRP stated that 2 million XRP tokens were purchased through the on-ramp solution launched in collaboration with Banxa, and said:
“We passed 2 million XRP purchases through our on-ramp solution with Banxa. This means 1329 US Citizens have purchased XRP with a credit card or ApplePay. Although XRP has been delisted from US exchanges, we still offer a way to enter XRPL.”
We just passed 2m bought $XRP through our on-ramp solution with @BanxaOfficial. This totals 1329 US Citizens that were able to buy with creditcard or ApplePay. Even though #XRP is delisted from US exchanges, we still offer a way to enter the #XRPL
We are in this together
— onXRP.com (@onXRPdotcom) September 13, 2022
OnXRP supports US citizens in SEC lawsuit
The DEX noted that despite the fact that major cryptocurrency exchanges in the United States, including Coinbase, have removed XRP trading from their platforms, the altcoin has achieved this feat.
Due to the ongoing litigation between the Securities and Exchange Commission and Ripple, major US-based cryptocurrency exchanges had to remove XRP from their trading platforms.
These exchanges have taken strict measures to avoid being penalized by the SEC for facilitating trading of XRP, which is considered a security by the SEC. The removal of XRP from US exchanges has had an impact on cryptocurrency adoption in various parts of the world, primarily the United States.
In response to this unfortunate development, OnXRP announced the launch of its fiat on-ramp solution, where US residents can purchase XRP. The service was available in every state in the United States except New York and Hawaii. DEX announced the service in an announcement as follows:
We are happy to introduce our fiat onramp powered by @BanxaOfficial which you can find on our dex under “cash” or directly at https://dex.onxrp.com/onRamp. Global and US citizens (outside NY and Hawaii) can now easily purchase XRP using Credit cards and Apple Pay.”
Commenting on this move they made despite the lawsuit, Banxa stated that everyone, including US-based residents, should have the opportunity to buy XRP.
Meanwhile, SEC vs. The Ripple case has entered the summary judgment stage as the parties are expected to submit summary resolution motions today.
US politician announces XRP will take off
David Gokhshtein, founder of the media project of the same name and former US congressional candidate, took to Twitter to share an idea unpopular among some crypto maxis with the community.
Naming the event, which he believes will certainly allow the XRP token tied to Ripple to rise, the influencer said that XRP will not be the only cryptocurrency to rise in this case.
The crypto phenomenon stated that Ripple should win the case against the Securities and Exchange Commission (SEC). If that happens, Gokhshtein said the XRP price will rise and Ripple will get a huge boost, while the popular altcoin will be “on every legitimate platform.”
Unpopular opinion for some maxis but if Ripple wins it’s case against the SEC, not only do I personally believe $XRP will take off, but so will every legitimate platform as well.
— David Gokhshtein (@davidgokhshtein) September 12, 2022
Sharing the same opinion on Twitter about a year ago, Gokhshtein announced in October 2021 that the entire crypto industry will benefit from Ripple’s victory over the SEC as the regulator will provide some clarity on cryptocurrencies.
Prior to that, Ripple executive Brad Garlinghouse stated that providing “absolute clarity” about crypto would be one of the key conditions he would agree to settle the case with the SEC.
“XRP haters will use this in the future.”
In 2020, Gokhshtein claimed that those who currently hate the Ripple-affiliated cryptocurrency will definitely use XRP in the future. He also stated that while many people denigrate XRP, no one can support their claims against it.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.