XRP Ledger Will Soon Be the Home of Xign Banking App by Ripple-Backed Startup, XRPL Labs

  • New banking app to be launched by XRPL Labs that integrates both fiat and cryptocurrency.
  • Developer Wietse Wind explained that the whole app will be user-friendly.

XRPL Labs, which is a startup that is backed by Ripple, is launching a new project that will change the way that customers store money – a banking app called Xign. The launch of this new app was announced at a recent Bitrue event in Amsterdam, allowing users to check their balances while interacting with dollars, euros, XRP, and some other crypto assets.

Wietse Wind, the founder of nodum.io and one of the developers for XRPL, says that the new app makes it easy for any user to engage, even if they have never seen a crypto wallet or a digital ledger before. At the conference, Wind said that the app is user-friendly and that it acts similar to the way traditional online banking works.

The setup guide takes new users completely through the process of transacting and more, allowing them to utilize the app without any hesitation or trouble. The app will also have social and look-up features, allowing for non-technical transactions to take place. There will also be a feature that lets users approve and deny payments to third parties.

With the launch of this new app, Wind added that the native asset of the app will be XRP.

Later on, when additional services like the prepaid ILP wallet are added, XRP will continue to be the native token. Overall, the goal of the app is to make the process of payment remittance easier, regardless of whether these activities are done in cryptocurrency or fiat currency, as XRP is used to bridge the gap.

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