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Ripula's expansion into USD and EUR


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Hello all,

It's been quite some time for those of you following the Ripula updates, for which we apologise. We've been hard at work sorting out our situation with regards to the IRS with the intention of providing an alternative for SnapSwap US users by the end of this month. Unfortunately, the regulatory regime in the US is nothing short of nightmarish, but here in the UK it is very much more sympathetic. As a result, pending some final calls with the IRS this week, we will be able to offer a one-to-one swap of SnapSwap.USD for Ripula.USD, with deposits via PayPal at first and then also hopefully CurrencyCloud later on.

We have suggested to SnapSwap that they simply transfer their users and balances across to us in order to avoid making SnapSwap customers have to withdraw and then re-deposit their funds, but this has been met with silence so far. As soon as our USD facilities go live, we will make a further announcement.

 

Ta-ta for now!

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As a result, pending some final calls with the IRS this week, we will be able to offer a one-to-one swap of SnapSwap.USD for Ripula.USD, with deposits via PayPal at first and then also hopefully CurrencyCloud later on.

Yes indeed! Any deposits that come from current SnapSwap members must be accompanied by a fiat deposit in the usual way.

Edited by Ripula
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  • karlos pinned this topic

Im late to the Ripula party, does this mean eventually that US residents will be able to purchase xrp through ripula (via paypal or currencycloud)?

No. Never. You can't exchange USD.Ripula for anything else. You'll get stuck with them forever.

 

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  • karlos unpinned this topic

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