The adoption of XRP among U.S. citizens spikes despite the ongoing Ripple lawsuit with SEC.
A leading decentralized exchange, OnXRP, has announced a massive adoption of Ripple (XRP) among United States residents. According to an announcement today by the exchange, a total of 1,329 U.S. citizens have leveraged OnXRP’s fiat on-ramp solution to purchase XRP using their credit card and Apple Pay.
OnXRP stated that 2 million XRP coins were bought through the on-ramp solution that was launched in collaboration with Banxa.
“We just passed 2m bought XRP through our on-ramp solution with Banxa. This totals 1,329 US Citizens that were able to buy with credit card or ApplePay,” OnXRP stated.
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 Comes to U.S. Citizens’ Rescue Amid SEC Lawsuit
The DEX noted that it achieved the feat even though major cryptocurrency exchanges in the U.S., including Coinbase, have delisted the trading of XRP from their platforms.
Recall that the ongoing lawsuit between the Securities and Exchange Commission and Ripple, prominent United States-based cryptocurrency exchanges were prompted to de-list XRP from their trading platforms.
These exchanges took stringent measures to avoid being charged by the SEC for facilitating the trading of XRP, which the SEC deemed a security. The delisting of XRP from the U.S.-exchanges affected the adoption of the cryptocurrency across various parts of the world, especially the United States.
In response to this unfortunate development, OnXRP announced the launch of its fiat on-ramp solution, where U.S. residents can purchase XRP.
The service was available in all U.S. states except New York and Hawaii.
“We present to you our fiat onramp powered by @BanxaOfficial that can be found under “cash” on our dex or directly at: https://dex.onxrp.com/onRamp. Global and U.S. citizens (apart from NY and Hawaii) can buy XRP easily now using Credit card and Apple Pay,” the DEX noted in an announcement.
Commenting on the development at the time, Banxa said everyone, including U.S.-based residents, should have the opportunity to buy XRP.
Meanwhile, the SEC vs. Ripple lawsuit has entered the summary judgment stage, with the parties expected to file motions for summary judgment today.