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

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 = $0.2464 change ~ 2.46%

Coin Market Cap

$10.67 Billion

24 Hour Volume

$186.84 Million

24 Hour VWAP

$0

24 Hour Change

$0.0061
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