eToro Finally Announces Support for XRP, Resulting in Mega Attack from Ripple Investors

On Christmas Day, there were new strides in the eToro and XRP communities. eToro, which is a fintech brokerage company that is in charge of multiple types of assets, made an annoucement that XRP would finally be available on the eToro platform. This is a development that the users had seen coming for some time.

The company decided to try and elicit some participation from the XRP community with a promotion – no fees for wallet creation and wallet transfers. Elaborating in a blog post, eToro said,

“Current minimum transfer amount is 133 XRP. Coin transfer is available for Gold users and above in countries where the eToro Wallet is available (to check local availability, please refer to your app store).”

During this announcement, eToro took the time to note that these services would only be an option for users that have used a wire transfer to deposit their assets. Right now, the options are limited, but additional payment options should be added soon.

By choosing to use eToro, consumers get the benefit of working with a licensed platform, which maintains a healthy level of security. The features were detailed in the release from eToro, which also said,

“The first 25K users to open an XRP wallet will receive the wallet for free – and will not be required to pay the XRP wallet cost which is 45 XRP*Coin transfer is available for Gold users and above in countries where the wallet is available. The promotion will apply until 31.1.2019.”

Unfortunately, adding XRP has come with some consequences. Particularly, social media users have been attacking the way the eToro is launching and publicizing the addition. One member of the XRP community, Tiffany Hayden, commented,

“Social pressure is my only superpower and it didn’t work. @eToro doesn’t care, they don’t have your $XRP, and they are lying to you. Either find a way to remove yourself from their platform or accept the consequences. There is nothing I can do. I’m sorry. EToro is dead to me.”

Other members of the community used this moment to join the discussion too. Luke Roberts, a fan of XRP, addressed the platform, saying,

“Dear @eToro @eToroService – whilst we thank you for setting up an e-wallet, the #XRPcommunity bought real #XRP coins using our hard earned $ via debit/credit cards. We cannot withdraw our coins unless we send a wire payment, rendering this wallet & all initial offerings useless!!”

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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