<ul class="news-points">
 <li>SpendTheBits founder Jaskaran Kambo says achieving retail adoption of XRP is difficult.&nbsp;</li>
 <li>The founder says running a multi-currency wallet on XRPL will bring about $15 CAD in customer acquisition costs.&nbsp;</li>
 <li>XRP price has edged higher in the past 24 hours as of writing.</li>
</ul>
In a recent <a href="https://x.com/Jay_SpendDBits/status/1727773372082491880?s=20" target="_blank" rel="noopener noreferrer nofollow">X post</a>, Jaskaran Kambo, founder of the XRPL-based crypto payment app SpendTheBits, highlighted the challenges in achieving the retail adoption of XRP.&nbsp;
Referencing a June post from a prominent XRP community member, Kambo explained that running a multi-currency wallet is expensive.&nbsp; “Activating a multi-currency (BTC, CAD, USDC) wallet comes with an approx. customer acquisition cost of $15 CAD, considering current $XRP price,” he tweeted.
In the <a href="https://x.com/panosmek/status/1667917366385098754?s=20" target="_blank" rel="noopener noreferrer nofollow">referenced post</a>, Panosmek argued that the original vision for XRP was to be an open payment system and a P2P credit network for people. He added that contrary to widespread opinion in the community, the token wasn’t built for banks.&nbsp;
“It’s sad that a big part of the #XRPCommunity still believes that XRP was created for banks or to help institutions. It was literally created to destroy the banks’ monopoly and disintermediate them,” …
The post <a href="https://coinedition.com/xrpl-multi-currency-wallet-could-cost-15-per-customer-xrpl-dev/" rel="noopener noreferrer nofollow">XRPL Multi-Currency Wallet Could Cost $15 Per Customer: XRPL Dev</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRPL Multi-Currency Wallet Could Cost $15 Per Customer: XRPL Dev

Coin Edition

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