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Xumm has the potential to make XRP a mainstream payment solution

Jan 30, 2020 | Cryptocurrency

The ecosystem developed by Ripple continues to grow and evolve. Xumm is one of the many great projects available to users and developers alike.

At its core, it is designed to bridge the gap between users and developers. All of this revolves around the XRP Ledger, the XRP asset, and building a sustainable future for the ecosystem.

An Overview of Xumm

All of the basic functionality is on tap for the average user. Tracking accounts, transactions, and balances can be done with a few taps. What makes the mobile app different, is the potential waiting to be unlocked. 

A good example comes in the form of using an XRPL transaction “template”. Rather than inputting a destination address and amount, a sign request can be created. This puts a different spin on creating invoices for e-commerce or even online shopping, for example.

Sign requests can be opened through the app in various methods. Methods highlighted on the website include push notifications, or scanning a QR code. Options like these will make XRP more viable as a payment tool in the real world.

The API is Crucial

To create sign requests, the Xumm API will be of great value. Sign requests are stored on the platform in the form of a “payload”. This allowed the mobile app to process and display these sign requests to other users.

Users who open the sign request and sign it know that the application in question can be trusted. Every application with a successful signature can have its own specific token issued to it. All future payloads will be delivered to that customer automatically through push notifications.

This API is useful for developers as well. It helps verify information associated with transactions on the XRP ledger. This gives developers an option to automate several aspects of the money flow. For those who want, verifying the signed transaction by other means remain possible. It is always better to give users ample choice.

Images courtesy of their respective sources.

Fintoism is not providing financial or investment advice. All content published on this platform is for entertainment and educational purposes only.

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<a href="https://fintoism.com/author/oglock/" target="_self">JP Buntinx</a>

JP Buntinx

JP Buntinx is passionate about cryptocurrencies, fintech, blockchain, and finance. He currently resides in Belgium.

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