Ripple Tool XRParrot Converts a Record $1.1 Million to XRP in Less than a Year

    Wietse Wind's XRParrot service, who also is the creator of XRP Tip Bot and XRPL Labs, has successfully moved $1.11 million EUR/USD and converted them to XRP on-ledger in under a year since its initial release.

    XRParrot has reached a milestone of moving €1 million (approx. US$ 1.11 million) and converting them to XRP on-ledger, shared Ramon Ramentol on Coil as confirmed by its creator Wietse Wind.

    Wind is a developer who also created the XRP Tip Bot and is behind the Xpring supported XRPL Labs.

    With XRParrot, the idea was to develop a service that makes it easier for people in Europe, with IBAN bank accounts, to acquire low amounts of XRP.

    The Netherlands-registered XRParrot uses the on-ledger decentralized exchange via Gatehub gateway for EUR to XRP conversion. The fee charged is 0.5% with a minimum of €1. Any remaining amount after applying the fees is exchanged and sent to the user’s XRP destination account.

    It also has a rolling limit of €2000 in 30 days. And if you exceed the monthly limit, the payment minus the transaction fee is returned within one workday day.

    XRParrot is a KYC/AML compliant service that requires the verification of your phone number and your IBAN account. And if the system has any doubts about the orders or the legitimacy of the funds, it rejects the order.

    The service only supports euro currencies and no other currencies are on the roadmap. At the time of the beta rollout in November last year, Wind explained that XRParrot was all about coding and helping the community, developers and in adoption. Expansion, however, would mean more regulation and less coding.

    Ripple (XRP) Live Price

    1 XRP/USD =$0.2313 change ~ -2.98%

    Coin Market Cap

    $10.01 Billion

    24 Hour Volume

    $438.95 Million

    24 Hour VWAP


    24 Hour Change


    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

    [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


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Open Interest on CME Bitcoin Futures Outgrowing BTC Price

    If BTC closes above the 200-day moving average, just above $9,000, we could see $10k Institutional investors leading the way for a new...

    Here’s How DeFi’s Smashing Growth Puts a Trillion-Dollar Case for Ethereum

    Total USD value locked in DeFi surpasses $800 million creates “a new paradigm for global finance” with one common theme Ether The trillion-dollar...

    This Uncannily Accurate Bitcoin Chart from Dec. 2018 Predicts a New ATH in 2020/21

    Analyst ‘s post from Dec. 2, 2018, correctly predicts Bitcoin’s bottom and momentum in 2019 Bitcoin price is currently hovering around $9,000 after surging...

    Lawmaker Proposes Bill For State-Chartered Institution For Blockchain & Crypto Innovations

    An Oklahoma lawmaker has come forward with the proposition of creating a financial institution chartered by the state and that functions as a central...

    Block.One's ‘Voice' Social Network Has An Open Door Policy To Other Blockchains, Not Just EOS

    During its June ICO, had indicated that its Facebook rivaling social network dubbed Voice, would be launched on the EOS network. However, plans...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.