U.S. Residents Can Now Buy Ripple (XRP) Using Credit Card And ApplePay

A leading decentralized exchange has offered U.S. residents the opportunity to directly purchase XRP.

Leading decentralized exchange based on the XRP Ledger, onXRP, has announced that U.S. citizens can now purchase Ripple (XRP) directly from the platform.

According to an announcement made by the trading platform, people residing in the United States and various parts of the world can purchase XRP using their credit cards and Apple Pay.

The initiative will enable United States residents, except those living in New York and Hawaii, to directly purchase the seventh-largest cryptocurrency by market capitalization.

OnXRP noted in a statement that the ability to offer direct XRP purchases on its platform was made possible after it integrated Banxa’s fiat on-ramp solution.

“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,” OnXRP stated.

The decentralized exchange noted that while the service is currently not supported in Canada, it is exciting to offer residents in multiple U.S. states the ability to buy XRP.

“Everyone should have the freedom to decide to buy XRP,” Banxa added.

Sadly we can’t offer these services in Canada due to regulations. However, opening up to most US states was the most important to us. Everyone should have the freedom to decide to buy XRP.

— onXRP.com (@onXRPdotcom) July 7, 2022

Huge Win For XRP Community

This development is an important milestone for the Ripple community. Following the announcement, more people, including residents of selected U.S. states, will now have access to digital currency.

U.S. Exchanges Discontinue XRP Support After Ripple-SEC Lawsuit

It is noteworthy that U.S.-based cryptocurrency exchanges were forced to discontinue XRP support on their respective trading platforms after the SEC slammed a lawsuit against Ripple.

The agency claimed Ripple violated its rules by offering unregistered securities within its regulatory purview. With the lawsuit still ongoing, U.S.-based exchanges were left with no choice but to de-list XRP from their platforms.

The exchanges fear that if Ripple loses the lawsuit, they could be charged by the SEC for facilitating the trading of an unregistered security.

Unfortunately, the lack of support for XRP across U.S.-based exchanges has done enough damage to the value of the coin.

XRP is down over 50% since Ripple was officially charged by the Securities and Exchange Commission.

Meanwhile, news of enabling U.S. residents to purchase XRP had a slight impact on the value of the cryptocurrency. At press time, XRP is trading at $0.34, up 4% in the last 24 hours.

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