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HomeCrypto NewsMarketXumm Partners with GateHub to Add On/Off Ramp for 14 Assets, Including EUR and Wrapped XRP

Xumm Partners with GateHub to Add On/Off Ramp for 14 Assets, Including EUR and Wrapped XRP


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The team behind Xumm Wallet, XRPL Labs, has partnered with GateHub to introduce fiat on/off-ramp for 14 assets, including wrapped XRP.

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XRPL Labs, the pioneering team responsible for the XRPL-based self-custodial wallet Xumm, has forged a strategic alliance with GateHub, a prominent crypto trading platform and provider of hot wallet services.

Through this collaboration, XRPL Labs have introduced a seamless on-ramp and off-ramp feature on Xumm for 14 assets, including Wrapped XRP (WXRP). 

GateHub called attention to the development in a post on X today. The platform noted that users can now leverage its gateway to transfer funds in and out of their Xumm wallets.

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Information from the press release suggests that the collaboration will involve a total of 14 assets. They include fiat currencies like EUR, USD, and GBP and crypto assets such as BTC, ETH, WXRP, SGB, FLR, BCH, LTC, ETC, GALA, DSH, and USDC.

The press release confirms that this collaboration will enable users to seamlessly transfer the supported assets between the XRP Ledger (XRPL) and various fiat and crypto networks, including SWIFT, SEPA, Bitcoin, and Ethereum.

Commenting on the development, GateHub’s CEO, Enej Pungerčar, highlighted that the partnership’s scope will encompass any forthcoming assets that GateHub opts to support in the future.

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Wietse Wind, the founder of XRPL Labs, conveyed his enthusiasm for the recent addition. He shared his experience of effortlessly adding EUR to his XRPL account and transferring it back to his bank account within minutes.

“This is it. This is what the ecosystem needs. This is where we’re going,” Wind exclaimed.

GateHub on Xumm

For Xumm users seeking to move any asset supported by GateHub to or from their wallets, the process involves clicking on the specific asset within their Xumm wallet and then opting for the “add” or “withdraw” option.

It is important to note that this functionality is only accessible to users who have undergone GateHub’s KYC verification process. 

Users must log in with their GateHub accounts during their initial use of this feature. However, subsequent times will only involve direct deposit and withdrawals.

This GateHub inclusion is the latest in a line of notable developments carried out by the Xumm development team to enable seamless transfer of value between their XRPL accounts and their fiat bank accounts.

The development comes three months after Xumm integrated on-ramp aggregator Poko to add over 100 payment methods. In addition, the team partnered with Guardarian in May to provide on-ramp and off-ramp support for over 40 currencies.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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